PUBLISHER: Grand View Research | PRODUCT CODE: 1433672
PUBLISHER: Grand View Research | PRODUCT CODE: 1433672
Corn Market Size, Share & Trends Analysis Report By Nature (Organic Corn, Conventional Corn), By End-use (Food & Beverages, Animal Feed, Industrial Use, Ethanol Production), By Region, And Segment Forecasts, 2024 - 2030
Corn Market Growth & Trends:
The global corn market size is expected to reach USD 377.27 billion in 2030, registering a CAGR of 3.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Corn is a primary ingredient in livestock feed. The growth of the livestock industry, driven by increasing meat consumption, contributes to the demand for corn as a feedstock. Corn is a major feedstock for biofuel production, particularly ethanol. Government policies and incentives promoting the use of biofuels as an alternative to fossil fuels significantly impact the demand for corn.
Furthermore, the global push for renewable energy sources and efforts to reduce reliance on fossil fuels has led to increased demand for biofuels. Corn-based ethanol is used as a cleaner alternative to traditional gasoline, contributing to the growth of the market. Corn is used in various industrial applications, such as in the production of cornstarch, corn oil, and other derivatives. Cornstarch, for example, is used in the production of biodegradable plastics, textiles, and adhesives. The versatility of corn-based derivatives makes them attractive for use in non-food industrial applications, contributing to increased demand. The increasing demand for these products drives the overall demand for corn.
Shifting consumer preferences, such as the demand for natural and plant-based products, influence the growth of the market. Corn-based products that align with consumer trends experience increased demand. Some corn-based derivatives, such as corn oil, are considered relatively healthier options compared to certain other cooking oils. As health and wellness trends influence consumer preferences, there is a growing demand for products derived from corn that are perceived as healthier or more natural. Supportive government policies, subsidies, and incentives for corn farmers can positively impact production and market growth. This includes policies related to agricultural practices, land use, and pricing.
The digital revolution in corn industry has led to reshaping the industry through technological innovation, replacing outdated, longwinded, and wasteful processes with fast, efficient, and sustainable methods. The innovations include the development of short-stature corn hybrids, such as the Smart Corn System, which are approximately 30% smaller than traditional hybrids but maintain similar yields. These shorter-statured plants are designed to withstand extreme winds and challenging weather conditions, reducing lodging and green snap tolerance. The system allows for more flexible timing and ground application of crop inputs, such as fungicides, insecticides, and nitrogen. The U.S. Department of Agriculture has determined that the short-stature corn can be safely grown, providing a potential solution to the challenges posed by climate change and extreme weather events.
Additionally, the adoption of genetically engineered seed varieties and precision farming systems has supported higher yields and expansion into new areas, contributing to increased corn acreage and productivity. The adoption of new seed technologies has significantly increased corn production by enabling farmers to plant corn seed more densely and earlier, leading to higher yields. Precision agriculture, propelled by advancements in the Internet of Things (IoT), is at the forefront. IoT sensors and monitoring devices provide real-time data on soil conditions, weather patterns, and crop health.
This information enables producers to make highly precise decisions regarding irrigation, fertilization, and pest control. Additionally, the integration of drones and satellite imaging offers corn producers a comprehensive view of their fields, allowing for effective monitoring, disease detection, and optimized field management practices. Digital farming platforms are becoming integral to modern agricultural practices. Farm management software provides comprehensive solutions for monitoring planting schedules, crop health, and resource management.
Major players in the market include China National Cereals, Oils and Foodstuffs Corporation (COFCO); Archer-Daniels-Midland (ADM); Cargill, Inc.; CHS Inc.; Bunge; Glencore; Louis Dreyfus Company; Ardent Mills. Various steps are adopted by these companies including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.
Corn Market Report Highlights:
- Asia Pacific dominated the market owing to high consumption patterns, growing population, and a significant livestock and poultry industry. Factors such as favorable agricultural practices, government policies, and diverse industrial uses further contribute to the region's prominence in the global market.
- Based on nature, the organic corn segment is estimated to grow with a substantial CAGR over the forecast period. The organic corn segment is experiencing rapid growth owing to increasing consumer health concerns and a growing awareness of organically produced food crops.
- Based on end-use, the B2B is expected to grow with a high CAGR over the forecast period. Within the B2B segment, corn finds diverse industrial applications, playing a role in the production of biofuels, industrial starch for processes, and pharmaceuticals. Companies engaged in this sector rely on B2B transactions to secure a supply of corn tailored for these specific applications.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Natures & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Nature Outlook
- 2.3. End-user Outlook
- 2.4. Regional Outlook
- 2.5. Competition Outlook
Chapter 3. Corn Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Business Environment Analysis
- 3.4.1. PORTER'S Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographics Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Nature Adoption
- 4.5. Key Observations & Findings
Chapter 5. Corn Market: Nature Estimates & Trend Analysis
- 5.1. Nature Movement Analysis & Market Share, 2023 & 2030
- 5.2. Organic
- 5.2.1. Organic corn market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3. Conventional
- 5.3.1. Conventional corn market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Corn Market: End-user Estimates & Trend Analysis
- 6.1. End-user Movement Analysis & Market Share, 2023 & 2030
- 6.2. B2B
- 6.2.1. Corn market estimates and forecast through b2b, 2018 - 2030 (USD Million)
- 6.2.2. Food & Beverages
- 6.2.2.1. Corn market estimates and forecast through food & beverages, 2018 - 2030
- 6.2.3. Animal Feed
- 6.2.3.1. Corn market estimates and forecast through animal feed, 2018 - 2030
- 6.2.4. Industrial Use
- 6.2.4.1. Corn market estimates and forecast through industrial use, 2018 - 2030
- 6.2.5. Food & Beverages
- 6.2.5.1. Corn market estimates and forecast through food & beverages, 2018 - 2030
- 6.2.6. Ethanol production
- 6.2.6.1. Corn market estimates and forecast through ethanol production, 2018 - 2030
- 6.2.7. Others
- 6.2.7.1. Corn market estimates and forecast through others, 2018 - 2030 (USD Million)
- 6.3. B2C
- 6.3.1. Corn market estimates and forecast through b2c, 2018 - 2030 (USD Million)
- 6.3.2. Online
- 6.3.2.1. Corn market estimates and forecast through online, 2018 - 2030
- 6.3.3. Offline
- 6.3.3.1. Corn market estimates and forecast through offline, 2018 - 2030
Chapter 7. Corn Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.2.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.4.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.2.4.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.3.4. UK
- 7.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.3.4.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.8.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.3.8.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.4.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.4.7. Australia
- 7.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.4.8. Indonesia
- 7.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.4.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.5.4.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.4.2. Market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- 7.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million)
- 7.6.4.4. Market estimates and forecast, By end-user, 2018 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Nature Benchmarking
- 8.6. Company Market Share Analysis, 2023 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. List of key companies analyzed in this section include:
- 8.9.1. China National Cereals, Oils and Foodstuffs Corporation (COFCO)
- 8.9.2. Archer-Daniels-Midland (ADM)
- 8.9.3. Cargill, Inc.
- 8.9.4. CHS Inc.
- 8.9.5. Bunge Limited
- 8.9.6. Monsanto
- 8.9.7. Corteva Agriscience
- 8.9.8. Adani Wilmar
- 8.9.9. Agrium Inc.
- 8.9.10. Scoular
List of Tables
- Table 1 Conventional corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 2 Organic corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 3 Corn market estimates and forecast through b2b, 2018 - 2030 (USD Million)
- Table 4 Corn market estimates and forecast through b2c, 2018 - 2030 (USD Million)
- Table 5 North America corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 6 North America corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 7 North America corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 8 U.S. corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 9 U.S. corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 10 U.S. corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 11 Canada corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 12 Canada corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 13 Canada corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 14 Mexico corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 15 Mexico corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 16 Mexico corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 17 Europe corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 18 Europe corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 19 Europe corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 20 Germany corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 21 Germany corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 22 Germany corn market estimates and forecast, by end-user,, 2018 - 2030 (USD Million)
- Table 23 UK corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 24 UK corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 25 UK corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 26 France corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 27 France corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 28 France corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 29 Italy corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 30 Italy corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 31 Italy corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 32 Spain corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 33 Spain corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 34 Spain corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 35 Asia Pacific corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 36 Asia Pacific corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 37 Asia Pacific corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 38 China corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 39 China corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 40 China corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 41 India corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 42 India corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 43 India corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 44 Japan corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 45 Japan corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 46 Japan corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 47 Australia corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 48 Australia corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 49 Australia corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 50 Indonesia corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 51 Indonesia corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 52 Indonesia corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 53 Central & South America corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 54 Central & South America corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 55 Central & South America corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 56 Brazil corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 57 Brazil corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 58 Brazil corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 59 Middle East & Africa corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 60 Middle East & Africa corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 61 Middle East & Africa corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 62 South Africa corn market estimates and forecast, 2018 - 2030 (USD Million)
- Table 63 South Africa corn market estimates and forecast, by nature, 2018 - 2030 (USD Million)
- Table 64 South Africa corn market estimates and forecast, by end-user, 2018 - 2030 (USD Million)
- Table 65 Corn market: Company Categorization
- Table 66 Corn market: Company market share (%) analysis, 2023
List of Figures
- Fig. 1 Corn market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Global corn market - penetration & growth prospect mapping
- Fig. 10 Corn market- Industry value chain analysis
- Fig. 11 Corn market profit margin analysis
- Fig. 12 Corn market dynamics
- Fig. 13 Corn market: Porter's five forces analysis
- Fig. 14 Roadmap of corn market
- Fig. 15 Factors affecting buying decisions for corn
- Fig. 16 Corn market, by nature: Key takeaways
- Fig. 17 Corn market, by nature: Market share, 2023 & 2030
- Fig. 18 Corn market, by end-user: Key takeaways
- Fig. 19 Corn market, by end-user: Market share, 2023 & 2030
- Fig. 20 Corn market: Regional share (%) analysis, 2023 & 2030 (USD Million)
- Fig. 21 Corn market: Company market share (%) analysis, 2023
