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Global Corn Market: By Application: Feed & Residual, Food, Seed, Industrial; Regional Analysis; Historical Market and Forecast (2016-2026); 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 corn market is expected to grow at a CAGR of 5.3% between 2021 and 2026 to reach a volume of nearly 1524 million metric tons by 2026.
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The major 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, among others.
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 significant presence of most of the end-use sectors 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 growing feed sector and the industrial sector. The dominant application sector in the region is animal feed, followed by fuel ethanol. The growing corn starch processing industries are driving the demand for corn in China, 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 major key players in the industry. Major key 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.
Properties and Applications
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.
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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 like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global corn market is being driven by the increasing applications of corn in the end-use industries. Corn has wide applications in the production of corn starch. The industries are rapidly growing, especially the corn starch industry. Corn starch has its applications in the production of food ingredients, papers, ethanol, and sweeteners, among others. It is also used in the production of animal feed. The growing market demand for all these products is providing an impetus to the overall corn 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 the end-use industries. The United States is a significant confectionery market, which is propelling the growth of the corn market as corn starch is used in the production of sorbitol and sweeteners. The growing demand for sorbitol, which is an end-use segment, is supporting the growth of the corn market, as well. 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, has aided the growth of the corn market, especially in the Asia Pacific region. India and China represent the major emerging markets for the product in the Asia Pacific.
Competitive Landscape
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 industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also gives an analysis of the price trends and trade data of the market.
*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 (2016-2020) & Forecast (2021-2026)
6.2 Figure: Global Corn Historical Consumption (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) and Forecast (2021-2026)
7.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 EMR’s Key Indicators for Demand
14 EMR’s 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
Analyst Review
The global corn market attained a volume of nearly 1118 million metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.3%. The corn market is projected to reach a volume of around 1524 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the global corn market can be segmented into feed and residual and food, seed, industrial, with feed and residual leading the applications of the crop. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the corn market. The key players in the above industry are Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Roquette Frères, and Tereos SA.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand for sorbitol and starch, rising demand from the feed sector, and growing consumption demand are driving the growth of the industry globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global corn market performed in the previous years (2016-2020)?
- What is the forecast assessment of the corn market for 2021-2026?
- What are the major industry drivers and constraints?
- What are the major price and demand indicators of the global corn market?
- What are the price trends of the product in the industry globally?
- Who are the key manufacturers of the product in the global corn market?
- What are the import and export trends in the global corn market?
- Who are the top importers and exporters of the product in the industry globally?
- What is the degree of competition in the global corn market?
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