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Global Corn Market: By Application: Feed & Residual, Food, Seed, Industrial; Regional Analysis; Historical Market and Forecast (2017-2027); Price Analysis; SWOT Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Procurement Strategy; Competitive Landscape; Industry Events and Developments

Global Corn Market Outlook

The global corn market reached a volume of 1118 million metric tons in 2020. The market is expected to grow at a CAGR of 5.3% between 2022 and 2027.

 

Global Corn Market

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Increasing Corn Production in the United States and China Supporting the Market Growth

The major corn producing countries include the United States, China, and Brazil, with the United States accounting for nearly 36% of the total global output. The United States is also responsible for over 36% of the global exports, followed by Brazil, Argentina, Ukraine, and Russia, as the other major exporters of the crop.

The significant consuming markets for corn include the United States, China, the European Union, Mexico, and Brazil. This growing demand in these regions is supported by the end-use sectors like the animal feed and corn starch markets. The United States and China are among the largest consumers owing to the rapidly growing end-use sectors of corn in these regions. The countries that rely on imports are Mexico, Japan, South Korea, the European Union, and Egypt. The rising demand for corn in the United States is due to the expansion of the feed and industrial sectors. Corn is a source of carbohydrates and so forms an effective diet for livestock. The dominant application sector in the country is animal feed, followed by fuel ethanol. Meanwhile, the growing corn starch processing in China is driving the market demand, as China is the leading key player in corn starch production. The country also accounts for a significant market share in other application sectors like HFCS and polyols.

The global corn market is being driven by the capacity expansions by key market players. Major players, including Archer Daniels Midland Co (NYSE: ADM) as well as Tate & Lyle Plc, are expanding their production capacity and investing in mergers and acquisitions to enhance their output.

 

Market Segmentation

Corn refers to the yellow or white corn seeds, used mainly as livestock feed and as food for humans. It is also known as maize or Indian corn, a cereal plant belonging to the grass family called Poaceae, which has edible grain. The domesticated plant originated in the Americas, especially Mexico, and is among the most widely distributed food crops in the world.

 

Global Corn Market Application

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Corn finds its applications in the following segments:

  • Feed and Residual
  • Food, Seed, Industrial

The EMR report also covers the regional markets of corn like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Corn Market By Region

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Growing Demand in Various End Use Sectors to Drive the Market Growth of Corn

The global corn market is being driven by the increasing applications of corn in various end-use sectors. Corn is widely used in the production of corn starch, which is further utilised in food ingredients, papers, ethanol, and sweeteners, among others. Corn is also used in the production of animal feed. The growing demand for all these products is providing an impetus to the market. The increasing demand for animal feed, as well as ethanol, has resulted in increased production of the crop. Corn is used in making biofuel because of the content of the starch present, and it can easily be converted into ethanol.

The rapidly rising demand for the product in the United States and China is mainly driven by the increasing use of the crop in various end-use sectors. The United States is a significant confectionery market, which is propelling the demand for corn starch owing to its use in sorbitol and sweeteners production. The growing demand for sorbitol, which is an end-use segment, is supporting the growth of the market. Sorbitol is abundantly used due to its low-calorie content among the health-conscious population. Sorbitol has wide applications in personal care products and pharmaceuticals. The corn market is also being driven by the easy availability and low manufacturing cost of the product. The favourable policies of the government, as well as the increasing FDI flows for both pharmaceuticals and personal care products, have aided the growth of the market, especially in the Asia Pacific region. India and China represent the major emerging markets for the product in the Asia Pacific.

The growing awareness about the health benefits of corn is resulting in its increased consumption. The intake of corn can lead to better gut health and lower the chances of diseases like cancer, heart disease, and type 2 diabetes. Also, yellow corn is a good source of the carotenoids like lutein and zeaxanthin, which boost eye health and prevent cataracts. The expanding production of corn, particularly in South Asian countries, due to their favourable geographical location and climatic conditions, is playing a critical role in the market development. The steps taken by the governments to boost the production of maize are providing impetus to the market expansion. For instance, in May 2022, the Government of India announced to increase maize production, encouraging farmers for the same through various initiatives to meet the demand from diverse sectors like poultry and ethanol production. The ongoing research and development activities to enhance the corn yield and maximise profit are likely to aid the market over the forecast period.

 

Key Players in the Global Market for Corn

The report gives a detailed analysis of the following key players (corn starch and derivatives) in the global corn market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Archer Daniels Midland Company
  • Cargill Inc.
  • Ingredion Inc.
  • Tate & Lyle Plc
  • Roquette Frères
  • Tereos SA

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Feed & Residual, Food, Seed, Industrial
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Roquette Frères, Tereos SA
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

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

1    Preface
    1.1    Objectives of the Study
    1.1.1    Research Objective
    1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Corn Market Analysis
    6.1    Figure: Global Corn Historical Production (2017-2021) & Forecast (2022-2027)
    6.2    Figure: Global Corn Historical Consumption (2017-2021) & Forecast (2022-2027)
    6.3    Chart: Global Corn Market Breakup by Application
        6.3.1    Feed & Residual
        6.3.2    Food, Seed, Industrial 
    6.4    Figure: Global Corn Market Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
        6.4.1    Feed & Residual
        6.4.2    Food, Seed, Industrial 
    6.5    Chart: Global Corn Market Breakup by Region
        6.5.1    North America
            6.5.1.1    United State of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    United Kingdom
            6.5.2.2    Germany
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
    6.6    Figure: Global Corn Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        6.6.1    North America
            6.6.1.1    United State of America
            6.6.1.2    Canada
        6.6.2    Europe
            6.6.2.1    United Kingdom
            6.6.2.2    Germany
            6.6.2.3    France
            6.6.2.4    Italy
            6.6.2.5    Others
        6.6.3    Asia Pacific
            6.6.3.1    China
            6.6.3.2    Japan
            6.6.3.3    India
            6.6.3.4    ASEAN
            6.6.3.5    Others
        6.6.4    Latin America
            6.6.4.1    Brazil
            6.6.4.2    Argentina
            6.6.4.3    Mexico
            6.6.4.4    Others
        6.6.5    Middle East and Africa
            6.6.5.1    Saudi Arabia
            6.6.5.2    United Arab Emirates
            6.6.5.3    Nigeria
            6.6.5.4    South Africa
            6.6.5.5    Others
7    Global Corn Price Analysis
    7.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    7.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    7.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    7.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    7.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
8    Global Corn Trade Analysis (HS Code: 1005)
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    Global Corn Starch Market Outlook
    9.1    Figure: Global Corn Starch Historical Market (2017-2021) & Forecast (2022-2027)
    9.2    Chart: Global Corn Starch Market Breakup by Application
        9.2.1    Sweeteners (excl. HFCS)
        9.2.2    HFCS Pharmaceuticals
        9.2.3    Cosmetics
        9.2.4    Paper
        9.2.5    Feed
        9.2.6    Other Food Use
        9.2.7    Hydrocolloids
    9.3    Figure: Global Corn Starch Market Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
        9.3.1    Sweeteners (excl. HFCS)
        9.3.2    HFCS Pharmaceuticals
        9.3.3    Cosmetics
        9.3.4    Paper
        9.3.5    Feed
        9.3.6    Other Food Use
        9.3.7    Hydrocolloids
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Porter’s Five Forces Analysis
    11.1    Overview
    11.2    Buyer’s Power
    11.3    Supplier’s Power
    11.4    New Entrants
    11.5    Degree of Rivalry
    11.6    Substitutes
12    Value Chain Analysis
13    Key Indicators for Demand
14    Key Indicators for Price
15    Procurement Strategy
16    Competitive Landscape & Supplier Analysis (Corn Starch and Derivatives)

    16.1    Archer Daniels Midland Company
        16.1.1    Company Overview
        16.1.2    Financial Analysis
    16.2    Cargill Inc.
        16.2.1    Company Overview
        16.2.2    Financial Analysis
    16.3    Ingredion Inc.
        16.3.1    Company Overview
        16.3.2    Financial Analysis
    16.4    Tate & Lyle Plc
        16.4.1    Company Overview
        16.4.2    Financial Analysis
    16.5    Roquette Frères
        16.5.1    Company Overview
        16.5.2    Financial Analysis
    16.6    Tereos SA
        16.6.1     Company Overview
        16.6.2    Financial Analysis        
17    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global corn market attained a volume of nearly 1118 million metric tons.

The market is projected to grow at a CAGR of 5.3% between 2021 and 2026.

The market is being driven by the growing demand for sorbitol and the rising use of corn in end-use industries, such as personal care and pharmaceuticals, among others.

The market growth is anticipated to be defined by the rising demand for corn in the animal feed industry, along with its growing uses as ethanol fuel, in the coming years.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant applications of corn include feed and residual, and food, seed, industrial.

The major players in the industry are Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Roquette Frères, and Tereos SA.

Analyst Review

The global corn market attained a volume of about 1118 million metric tons in 2020, driven by the rising demand for corn from end-use industries. Aided by the increasing applications of corn in the animal feed and its use as ethanol fuel, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the corn industry can be segmented into feed and residual, and food, seed, industrial. The major regional markets for corn are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Roquette Frères, and Tereos SA.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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