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Corn Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic and Conventional); By End-Use (Food & Beverages, Animal Feed, Industrial Use, Ethanol Production, Others); By Region; Segment Forecast, 2024 - 2032
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The global corn market size is expected to reach USD 410.02 billion by 2032, according to a new study by Polaris Market Research. The report "Corn Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic and Conventional); By End-Use (Food & Beverages, Animal Feed, Industrial Use, Ethanol Production, Others); By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing demand for corn for feed and ethanol production, as it is rich in various antioxidants such as phytosterols and phenols, is a key factor propelling the market's growth. Increasing people's interest in bio-based and sustainability products has resulted in increased demand for corn-based materials in industries including chemicals, textiles, and packaging. Additionally, companies are implementing the development of new solutions to improving corn crop yields and helping farmers safeguard their crops from the effects of rootworms, which, in turn, will positively influence the market's growth.
For instance, in November 2023, AMVAC GrrenSolutions announced the launch of its new product named "BioWake Prime," which is developed to help corn growers safeguard their crops against the effects of corn rootworms. It is an EPA-registered bioinsecticide that activates corn self-defense against corn rootworms.
Furthermore, the rising proliferation of policies and programs promoting biofuels, like ethanol blending mandates and a growing number of subsidies encouraging farmers to increase corn production, is likely to bode well for the global market. For instance, in December 2023, the governments of Maharashtra and Karnataka announced that they would launch a new scheme for assured procurement of maize for the production of ethanol for blending with ethanol.
For many years, farmers across the globe have been confronted with harsh or difficult weather conditions during the key period of corn cropping, thereby companies are developing solutions for specific areas of corn crops. For example, LIDEA innovates with HI CORN for the flowering period, which is a combination of 2 hybrids to boost the number of days for pollination and also reduce the risk of the hot weather.
With the rising focus on the development of various new value-added products from corn and corn-based materials, including corn snacks, corn oil, and corn syrup, there is an emerging opportunity for both processors and manufacturers to cater to this market's needs and diversify their product offerings. For instance, in January 2023, Noodle Girl announced the launch of a new crispy corn snack, which Chef Hang's mother developed. The newly launched corn snacks are available to purchase at La Cocina in San Francisco and also at the company's website for USD 5.50.
Corn Market Report Highlights
The conventional segment accounted for a noteworthy share due to the adoption of advanced agricultural technologies and the ability to improve crop yields
The food & beverages segment held the majority share on account of growing food consumption and advancements in food processing techniques
Asia Pacific region dominated the global market, owing to increased livestock production and the presence of supportive initiatives or programs
The key market players include Konica Minolta Sensing Europe, Solaris Technology Industry, Tata Power Solar Systems, SunPower Corporation, and Solar Frontier
Polaris Market Research has segmented the corn market report based on nature, end-use, and region:
Corn, Nature Outlook (Revenue - USD Billion, 2019 - 2032)
Corn, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Food & Beverages
- Animal Feed
- Industrial Use
- Ethanol Production
- Others
Corn, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Corn Market Insights
- 4.1. Corn Market - Industry Snapshot
- 4.2. Corn Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing technological advancements in agriculture driving the global market
- 4.2.1.2. Rising population that results in increased demand for corn and corn-based products to drive market's growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Unfavorable trade polices & tariffs and weather volatility likely to hamper market
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Corn Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Corn Market, by Nature
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Corn, by Nature, 2019-2032 (USD Billion)
- 5.3. Organic
- 5.3.1. Global Corn Market, by Organic, by Region, 2019-2032 (USD Billion)
- 5.4. Conventional
- 5.4.1. Global Corn Market, by Conventional, by Region, 2019-2032 (USD Billion)
6. Global Corn Market, by End-Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Corn Market, by End-Use, 2019-2032 (USD Billion)
- 6.3. Food & Beverages
- 6.3.1. Global Corn Market, by Food & Beverages, by Region, 2019-2032 (USD Billion)
- 6.4. Animal Feed
- 6.4.1. Global Corn Market, by Animal Feed, by Region, 2019-2032 (USD Billion)
- 6.5. Industrial Use
- 6.5.1. Global Corn Market, by Industrial Use, by Region, 2019-2032 (USD Billion)
- 6.6. Ethanol Production
- 6.6.1. Global Corn Market, by Ethanol Production, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Corn Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Corn Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Corn Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Corn Market - North America
- 7.3.1. North America: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.2. North America: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.3.3. Corn Market - U.S.
- 7.3.3.1. U.S.: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.3.4. Corn Market - Canada
- 7.3.4.1. Canada: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4. Corn Market - Europe
- 7.4.1. Europe: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.2. Europe: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.3. Corn Market - UK
- 7.4.3.1. UK: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.4. Corn Market - France
- 7.4.4.1. France: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.4.2. France: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.5. Corn Market - Germany
- 7.4.5.1. Germany: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.6. Corn Market - Italy
- 7.4.6.1. Italy: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.7. Corn Market - Spain
- 7.4.7.1. Spain: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.8. Corn Market - Netherlands
- 7.4.8.1. Netherlands: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.4.9. Corn Market - Russia
- 7.4.9.1. Russia: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5. Corn Market - Asia Pacific
- 7.5.1. Asia Pacific: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5.3. Corn Market - China
- 7.5.3.1. China: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.3.2. China: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5.4. Corn Market - India
- 7.5.4.1. India: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.4.2. India: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5.5. Corn Market - Malaysia
- 7.5.5.1. Malaysia: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5.6. Corn Market - Japan
- 7.5.6.1. Japan: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5.7. Corn Market - Indonesia
- 7.5.7.1. Indonesia: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.5.8. Corn Market - South Korea
- 7.5.8.1. South Korea: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.6. Corn Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.6.3. Corn Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.6.4. Corn Market - UAE
- 7.6.4.1. UAE: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.6.5. Corn Market - Israel
- 7.6.5.1. Israel: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.6.6. Corn Market - South Africa
- 7.6.6.1. South Africa: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.7. Corn Market - Latin America
- 7.7.1. Latin America: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.7.3. Corn Market - Mexico
- 7.7.3.1. Mexico: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.7.4. Corn Market - Brazil
- 7.7.4.1. Brazil: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Corn Market, by Nature, 2019-2032 (USD Billion)
- 7.7.5. Corn Market - Argentina
- 7.7.5.1. Argentina: Corn Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Corn Market, by Nature, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Agrium Inc. (Canada)
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Archer Daniels Midland Company (United States)
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Bunge Limited (United States)
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Cargill Incorporated (United States)
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. China National Cereals (China)
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Cofco Agri Ltd. (China)
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. DowDuPont (United States)
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Louis Dreyfus Company (China)
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Monsanto Company (United States)
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Syngenta AG (Switzerland)
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Wilmar International Limited (Singapore)
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Yara International (Norway)
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
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