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Corn Powder Market Trends

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

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Corn Powder Market Trends

The corn powder industry is experiencing growth, driven by increasing demand for gluten-free products and clean-label ingredients. According to the U.S. Department of Agriculture (USDA), corn production in the United States reached 15.1 billion bushels in 2022, providing ample raw material for corn powder production.

The Food and Drug Administration (FDA) reports that gluten-free product sales in the U.S. increased by 136% between 2013 and 2015, indicating a growing market for corn-based alternatives. Additionally, the USDA Economic Research Service notes that U.S. per capita consumption of corn products has risen from 14 pounds in 1970 to 33 pounds in 2019, reflecting the increasing popularity of corn-based foods.

The expansion of ethnic food markets, particularly Latin American and Asian cuisines, has further boosted demand for corn powder. Furthermore, the USDA National Agricultural Statistics Service reports that organic corn acreage in the U.S. increased by 55% between 2011 and 2016, aligning with the trend towards sustainable and organic corn production in response to consumer preferences.

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.