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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.
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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.
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