Globally corn industry is growing with a healthy growth rate, and it is expected to reach US$ 199 Billion by the end of the year 2026. United States, Brazil, Argentina and China are the major corn producing countries. The United States accounts for the lion’s share globally in terms of corn production and Export. Other than the USA, Ukraine, Argentina, Brazil and Russia are few other countries who are also significant exporters of corn worldwide.
Factors Driving the Corn Industry Worldwide:
Growth:
- Increasing Demand for Corn-Based Ethanol Production
- Rising Incidence of Pests
- Potential of Maize in improving farmers’ income
Challenges:
- Climate Change Impacts on Corn
In terms of imports Japan, European Union, Mexico, Egypt, South Korea, Iran, Columbia, Vietnam, Taiwan, Algeria rely heavily on imports of corn. In these countries, the corn is mostly used for end-use sectors like the animal feed and corn starch markets.
United States, China, Brazil, Russia, and the European Union regions have the highest consumption of corn globally. The growing market for corn in the United States is due to the ever-increasing feed sector and the industrial sector. Strong meat exports is projected to stimulate animal production and to increase corn use in Brazil. Since the outbreak of African swine flu a few years ago, the Republic of China's rebuilding of the hog sector has been faster than the prior projection which has been fueling feed demand in this region. In Russia, production of corn is mostly used in the domestic market; primarily large supplies are from the Central District.
Covid-19 Impact on Corn Industry
In the global corn market, Covid-19 has not impacted much on this industry. There has been a marginally surge in export, import as well as in production during this period.
This report titled: “Global Corn Market, By Production (United States, China, Brazil, European Union, Argentina and Rest of the World), Consumption (United States, China, Brazil, European Union Mexico and Rest of the World), Export (United States, Argentina, Ukraine, Brazil, Russia and Rest of the World), Import (Japan, Mexico, European Union, South Korea, Egypt, Iran, Vietnam, Taiwan, Columbia, Algeria and Rest of the World) Company (Cargill, Ingredion Incorporated, Archer Daniels Midland, Tate & Lyle)” provides an all-encompassing analysis of Global Corn Industry.
Production by Countries:
1. United States
2. China
3. Brazil
4. European Union
5. Argentina
6. Rest of the World
Consumption by Countries:
1. United States
2. China
3. Brazil
4. European Union
5. Mexico
6. Rest of the World
Export by Countries:
1. United States
2. Argentina
3. Ukraine
4. Brazil
5. Russia
6. Rest of the World
Import by Countries:
1. Japan
2. Mexico
3. European Union
4. South Korea
5. Egypt
6. Iran
7. Vietnam
8. Taiwan
9. Columbia
10. Algeria
11. Rest of the World
All 5 companies have been studied from three points
- Business Overview
- Recent Developments & Initiatives
- Financial Overview
Company Analysis:
- Cargill
- Ingredion Incorporated
- Archer Daniels Midland
- Tate & Lyle
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary
Companies Mentioned
- Cargill
- Ingredion Incorporated
- Archer Daniels Midland
- Tate & Lyle
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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