Global Organic Corn Market 2023-2030

Title: Global Organic Corn Market Size, Share & Trends Analysis Report by Type (Organic Yellow Corn, Organic White Corn, and Other), by Application (Food Industry, Households, and Animal Husbandry)Forecast Period (2023-2030).

The global organic corn market is anticipated to grow at a considerable CAGR of 3.0% during the forecast period. The growth of the market is attributed to factors such as increasing consumer demand for organic and natural products and growing awareness about the benefits of organic food. For instance, according to European Commission, about 61% of Europeans are aware of the organic farming logo. This represents significant awareness about organic products among the people. Data from the EU Farm Accountancy Data Network (FADN) show that organic plant production farms spend less on fertilizers and plant protection products than conventional farms. Organic arable crop farms save 75-100% on plant protection product costs per hectare and 45-90% on fertilizer costs per hectare compared to conventional farms.

Segmental Outlook

The global organic corn market is segmented based on its types and applications. Based on types, the market is segmented into organic yellow corn, organic white corn, and other varieties. Based on applications, the market is categorized into the food industry, households, and animal husbandry. Among these segments, the food industry is anticipated to hold a prominent market share owing to the increasing demand for organic corn in various food products such as snacks, cereals, and beverages.

The Organic Yellow Corn Sub-Segment is Anticipated to Register Significant Growth During the Forecast Period

Among the type segment, the organic yellow corn sub-segment is anticipated to register significant growth during the forecast period. The growth of the organic yellow corn sub-segment is attributed to factors such as the easy availability of yellow corn and its high nutritional value. For example, yellow corn is a significant resource of Vitamin A. As corn kernels mutated from white to yellow, they acquired chemicals called carotenoids, which is a beta carotene, that produces Vitamin A. Moreover, yellow corn is easy to grow in developing regions of Africa and Latin America, where corn is heavily relied upon as a food source.

Regional Outlook

The global organic corn market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these regions, the North American market is anticipated to cater to prominent growth over the forecast period. The growth of the organic corn market in North America is driven by factors such as the increasing consumer preference for organic food, and supportive government regulations. However, the Asia-Pacific region is projected to experience considerable growth in the organic corn market due to the rising adoption of organic farming practices and the growing demand for organic food products in countries like India and China.

The European Region is Anticipated to Hold a Significant Share in the Global Organic Corn Market

The European region is anticipated to hold a significant share of the global organic corn market during the forecast period. According to European Union, in Europe, retail sales of organic products doubled between 2015-2020. On average the organic area in the European Union increased annually by 5.7% in 2012-2020. The growth of the organic corn market in the region is primarily driven by factors such as increasing consumer awareness, supportive government regulations promoting organic farming practices, and the presence of a well-established organic food market in countries such as Germany, France, and Italy. For instance, as per the European Union, the four countries with the largest area under organic farming in the EU are France, Spain, Italy, and Germany, with 52% of the total in 2012 and 59% in 2020. France in particular increased its area under organic farming by almost 150% since 2012, while Italy almost doubled it. In 2020, France became the EU country with the largest area of land under organic farming with 2.5 million ha and an average annual growth of 11.8% in 2012-2020. Spain, which had the largest area under organic farming in 2012, came close with 2.4 million hectares.

Market Players Outlook

The major companies serving the global organic corn market include: SunOpta, Inc., Bob's Red Mill Natural Foods, Inc., Nature's Path, Hometown Food Co., and Purely Elizabeth, LLC. The market players are considerably contributing to the market growth by adopting various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2022, Albert Lea Seed House, owner of Viking Corn & Soybeans and one of the largest suppliers of organic field seed in the US, acquired*Blue River Organic Seed, one of the established organic seed corn brands from the Farmers Business Network (FBN).**Albert Lea Seed currently serves more than 6,000 customers. The addition of Blue River will double the size of its organic corn and soybean seed business and will enable it to serve customers and dealers across the U.S. more efficiently.

The Report Covers:

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global organic corn market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.