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Global Corn Market is Expected to Grow at a CAGR of 5.3% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Corn Market Report and Forecast 2021-2026, The global corn market attained a volume of 1118 million metric tons in 2020. The market is projected to increase at a CAGR of 5.3% in the forecast period of 2021-2026 to reach a volume of approximately 1524 million metric tons by 2026.

The global corn market is significantly driven by the increasing corn starch market. The United States is the largest producer as well as a significant exporter of the product, accounting for over 35% of the global exports. The other major countries exporting significant volume of corn are Russia, Ukraine, Brazil, and Argentina. Brazil is a significant exporter and is likely to surpass the United States in terms of exports.

The consumer market is also being led by the United States, consuming 30% of the market share. Other important consuming nations include China, the European Union, Mexico, and Brazil. China along with the United States account for the largest consumers as these regions have rapidly growing end-use industries as well as corn starch processing plants. Mexico accounts for over 10% of the global imports, followed by Japan, Egypt, South Korea, and the European Union.

In December 2020, Archer Daniels Midland Company entered into a partnership with IMCD to expand its starch portfolio in the Canadian Market, which will include corn starch, tapioca starch, and tapioca maltodextrin. Such developments are expected to aid the growth of the corn market in the coming years.

Market Analysis by Application and Regions:

  • Corn finds its applications in feed and residual, and food, seed, industrial sectors.
  • The regional markets of corn can be segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global corn market is being driven by the rising demand from the food and bakery industry.
  • The corn industry is aided by the growing demand for corn starch, which is widely used as a thickener for sauces, gravies, and soups.
  • The industry is also being supported by the growing demand for sorbitol, which is widely used as sweeteners in the confectionery market.
  • The corn market is also supported by the growing demand from the paper and textile sectors.
  • The increasing demand for biofuels is also propelling the market growth for corn further.

Key Offerings of the report:

  • The EMR report gives an overview of the global corn production and consumption for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the major regions of corn.
  • The EMR report provides the regional price and trade analysis of the market.

The major players in the global corn market include Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Roquette Frères, and Tereos SA. The comprehensive report by EMR covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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