The market demand for cornmeal products is attributed to the growing demand for corn-based snacks including tortilla chips, corn chips, taco shells, and a wide variety of other popular Mexican foods. Snack manufacturers in the US utilize whole cornmeal and corn flour for making snacks as the high starch content of both cornmeal as well as corn flour helps in giving a high puff in the preparation of processed/extruded snack products where corn flavor is required. The American household is now shrinking and cooking at home has decreased compared to previous years, which in turn is resulting in rising consumer preference for snack products. This shift is now leading to the increasing demand for single-portion, portable as well as healthy snack products. Thus, corn-based snacks are expected to see high growth during the forecast period attributed to the myriad health benefits of corn. In addition, the demand for gluten-free snacks is rising in the US owing to the increase in the number of people with gluten sensitivity. In 2015, around 1,080 new snack products were launched in the US with gluten-free claim.
Technavio’s analysts forecast the cornmeal market in US to grow at a CAGR of 1.81% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the cornmeal market in US for 2016-2020. To calculate the market size, the report analyzes the market potential for each product based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenario.
Technavio's report, Cornmeal Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - Agricor - CGB Enterprises - C. H. Guenther & Son - Hodgson Mill - King Arthur Flour - Lakeside Mills - Shawnee Milling Company - Suntava Purple Corn - Tate & Lyle - Wilkins Rogers Mills
Market driver - Rise in demand for corn-based snack products. - For a full, detailed list, view our report
Market challenge - Rising health concerns over genetically modified corn seeds. - For a full, detailed list, view our report
Market trend - Continuous product innovation in terms of corn ingredients and product variants. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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