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Corn Market Report and Forecast 2024-2032

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    Report

  • 205 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921439
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.

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 Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Corn Market Analysis
8.1 Key Industry Highlights
8.2 Global Corn Historical Production (2018-2023)
8.3 Global Corn Production Forecast (2024-2032)
8.4 Global Corn Historical Consumption (2018-2023)
8.5 Global Corn Consumption Forecast (2024-2032)
8.6 Global Corn Market by Source
8.6.1 Organic
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Conventional
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Corn Market by Application
8.7.1 Food and Beverages
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Animal Feed
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Ethanol Production
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Corn Market by Region
8.8.1 North America
8.8.1.1 Historical Production (2018-2023)
8.8.1.2 Production Forecast (2024-2032)
8.8.1.3 Historical Consumption (2018-2023)
8.8.1.4 Consumption Forecast (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Production (2018-2023)
8.8.2.2 Production Forecast (2024-2032)
8.8.2.3 Historical Consumption (2018-2023)
8.8.2.4 Consumption Forecast (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Production (2018-2023)
8.8.3.2 Production Forecast (2024-2032)
8.8.3.3 Historical Consumption (2018-2023)
8.8.3.4 Consumption Forecast (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Production (2018-2023)
8.8.4.2 Production Forecast (2024-2032)
8.8.4.3 Historical Consumption (2018-2023)
8.8.4.4 Consumption Forecast (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Production (2018-2023)
8.8.5.2 Production Forecast (2024-2032)
8.8.5.3 Historical Consumption (2018-2023)
8.8.5.4 Consumption Forecast (2024-2032)
9 North America Corn Market Analysis
9.1 Market by Source
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Corn Market Analysis
10.1 Market by Source
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Corn Market Analysis
11.1 Market by Source
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Corn Market Analysis
12.1 Market by Source
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Corn Market Analysis
13.1 Market by Source
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 1005)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Corn Market: Key Industry Highlights, 2018 and 2032
2. Global Corn Historical Market: Breakup by Source (MMT), 2018-2023
3. Global Corn Market Forecast: Breakup by Source (MMT), 2024-2032
4. Global Corn Historical Market: Breakup by Application (MMT), 2018-2023
5. Global Corn Market Forecast: Breakup by Application (MMT), 2024-2032
6. Global Corn Historical Market: Breakup by Region (MMT), 2018-2023
7. Global Corn Market Forecast: Breakup by Region (MMT), 2024-2032
8. North America Corn Historical Market: Breakup by Country (MMT), 2018-2023
9. North America Corn Market Forecast: Breakup by Country (MMT), 2024-2032
10. Europe Corn Historical Market: Breakup by Country (MMT), 2018-2023
11. Europe Corn Market Forecast: Breakup by Country (MMT), 2024-2032
12. Asia Pacific Corn Historical Market: Breakup by Country (MMT), 2018-2023
13. Asia Pacific Corn Market Forecast: Breakup by Country (MMT), 2024-2032
14. Latin America Corn Historical Market: Breakup by Country (MMT), 2018-2023
15. Latin America Corn Market Forecast: Breakup by Country (MMT), 2024-2032
16. Middle East and Africa Corn Historical Market: Breakup by Country (MMT), 2018-2023
17. Middle East and Africa Corn Market Forecast: Breakup by Country (MMT), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028

Methodology

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