According to the report, the global corn market is projected to grow at a CAGR of 1.1% between 2024 and 2032. Aided by the increasing demand for staple food products, animal feed, and growing applications of corn in various industries, the market is expected to grow significantly by 2032.
Corn, also known as maize, is one of the most extensively grown grains globally. It is a staple food in numerous countries and serves as a significant source of nutrition. Apart from its culinary applications, corn is highly valued as animal feed and as a critical raw material in industrial processes, including the production of ethanol, sweeteners, and bioplastics.
The escalating global population and increasing consumer preference for processed and convenience foods are driving the corn market growth. With the growing awareness of the health benefits of whole grains, there has been a notable shift towards corn-based products that are rich in dietary fibre, vitamins, and minerals. The booming animal feed sector, characterised by an expanding demand for meat and dairy products, is further contributing to the increasing popularity of corn as it is a primary ingredient in feed formulations.
The ever-growing livestock sector’s demand for feed is bolstering the corn market outlook. Corn is a high-quality, energy-rich feed component, which makes it a staple in the diets of poultry, swine, and cattle. Meanwhile, with a growing emphasis on renewable energy sources, corn-based ethanol has become a significant market for corn growers, particularly in the United States and Brazil. This trend is likely to continue as nations look towards cleaner, sustainable energy options. Consumers are increasingly looking for healthier, more natural food options, which is contributing to the rise in demand for whole grain and high-fibre corn products such as whole cornmeal, grits, and popcorn.
North America holds a significant portion of the global corn market share, driven by significant production in the United States, the world's largest corn producer. Asia Pacific, led by China and India, also represents a significant share of the global market due to substantial consumption rates in these populous nations. South America, with Brazil as a leading producer and exporter, has experienced robust growth in recent years.
Corn, also known as maize, is one of the most extensively grown grains globally. It is a staple food in numerous countries and serves as a significant source of nutrition. Apart from its culinary applications, corn is highly valued as animal feed and as a critical raw material in industrial processes, including the production of ethanol, sweeteners, and bioplastics.
The escalating global population and increasing consumer preference for processed and convenience foods are driving the corn market growth. With the growing awareness of the health benefits of whole grains, there has been a notable shift towards corn-based products that are rich in dietary fibre, vitamins, and minerals. The booming animal feed sector, characterised by an expanding demand for meat and dairy products, is further contributing to the increasing popularity of corn as it is a primary ingredient in feed formulations.
The ever-growing livestock sector’s demand for feed is bolstering the corn market outlook. Corn is a high-quality, energy-rich feed component, which makes it a staple in the diets of poultry, swine, and cattle. Meanwhile, with a growing emphasis on renewable energy sources, corn-based ethanol has become a significant market for corn growers, particularly in the United States and Brazil. This trend is likely to continue as nations look towards cleaner, sustainable energy options. Consumers are increasingly looking for healthier, more natural food options, which is contributing to the rise in demand for whole grain and high-fibre corn products such as whole cornmeal, grits, and popcorn.
North America holds a significant portion of the global corn market share, driven by significant production in the United States, the world's largest corn producer. Asia Pacific, led by China and India, also represents a significant share of the global market due to substantial consumption rates in these populous nations. South America, with Brazil as a leading producer and exporter, has experienced robust growth in recent years.
Market Segmentation
The market can be divided based on source, application, and region.Market Breakup by Source
- Organic
- Conventional
Market Breakup by Application
- Food and Beverages
- Animal Feed
- Ethanol Production
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis18 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Corn Market Analysis
9 North America Corn Market Analysis
10 Europe Corn Market Analysis
11 Asia Pacific Corn Market Analysis
12 Latin America Corn Market Analysis
13 Middle East and Africa Corn Market Analysis
14 Market Dynamics
16 Trade Data Analysis (HS Code - 1005)
17 Price Analysis
List of Key Figures and Tables
Methodology
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