Corn powder market set to exceed $48.2 billion by 2032, driven by demand for versatile products.

From GlobeNewswire: 2024-12-04 07:00:00

The corn powder market is set to surpass USD 48.2 billion by 2032, driven by the versatile applications of yellow corn powder in baked goods, cereals, snacks, and gluten-free products. Health-conscious consumers are attracted to its natural color and beta-carotene content, fueling market growth.

The food and beverage sector accounts for USD 13.8 billion of the corn powder market, with supermarkets and hypermarkets playing a key role in distribution. The U.S. market, valued at USD 7 billion in 2023, is projected to grow at a 6.8% CAGR due to increasing demand for gluten-free and plant-based products.

Supermarkets and hypermarkets are projected to reach revenues of USD 11.2 billion by 2032, with a 7.2% CAGR. These retail channels offer a wide range of corn powder products, catering to the rising demand for gluten-free and healthier food alternatives, driving market growth.



Read more at GlobeNewswire: Corn Powder Market to reach $48.2 Bn by 2032, Says Global