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Corn Powder Market Size

Report ID: GMI11945
Published Date: Oct 2024
Report Format: PDF

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Corn Powder Market Size

The global corn powder market size was valued at USD 25.2 billion in 2023 and is projected to expand to over 7.5% CAGR from 2024 to 2032. Corn powder, also known as corn flour or maize flour, is a fine powder produced from dried corn kernels. It serves as a thickening agent in soups, sauces, and gravies, and is a key ingredient in baking, particularly for breads and tortillas.

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Being gluten-free, corn powder is popular in gluten-sensitive and celiac diets. Its applications extend across the food and beverage industry, health and wellness products, and animal feed. According to the United States Department of Agriculture (USDA), global corn production for the 2022-2023 marketing year was estimated at 1.17 billion metric tons.

Corn Powder Market Report Attributes
Report Attribute	Details
Base Year:	2023
Corn Powder Market Size in 2023:	USD 25.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.5%
2032 Value Projection:	USD 48.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Type, application, distribution channel
Growth Drivers:	Increasing demand for gluten-free products Growing awareness of health and nutrition Versatility in culinary applications Innovations in food processing
Pitfalls & Challenges:	Fluctuations in corn prices due to climate change Competition from alternatives

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The USDA Economic Research Service reported that in 2021, approximately 11% of U.S. corn production was used for food, seed, and industrial purposes, which included corn powder production. Furthermore, the National Agricultural Statistics Service (NASS) indicated that in 2022, the United States harvested 79.2 million acres of corn, highlighting the significant availability of raw material for corn powder production.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of corn powder reached USD 25.2 billion in 2023 and is set to grow at a 7.5% CAGR from 2024 to 2032, driven by increasing demand for gluten-free products.

The yellow corn powder segment held over USD 12.4 billion in 2023 and is anticipated to expand at a CAGR of 7.2%, owing to its diverse applications in the food and beverage industry.

The food & beverages application segment was USD 13.8 billion in 2023, led by its extensive use in bakery items, snacks, soups, sauces, gravies, and traditional foods.

The U.S. market reached USD 7 billion in 2023 and is expected to grow at a 6.8% CAGR, propelled by the country's extensive corn production and increasing demand for gluten-free, plant-based, and clean-label products.