Global Corn Market will be US$ 103 Billion by 2026

According to the latest report by Renub Research, titled “Global Corn Market Forecast By Production (United States, China, Brazil, European Union, Argentina and Rest of the World), Consumption, Export, Import & Company Analysis” The global corn industry is expanding at a moderate pace, with sales projected to hit US$ 199 Billion by the end of 2026. The top corn-producing countries are Argentina, United States, Brazil, and China. The USA accounts for a significant share globally in terms of corn production and export. Aside from the United States, Ukraine, Argentina, Brazil, and Russia are other big corn exporters globally.

Corn intake is highest in the European Union, the United States, Brazil, China, Russia, and the regions. The ever-increasing feed and agricultural industries are responsible for the rising corn demand in the United States. Strong meat exports are expected to improve livestock production and corn consumption in Brazil.

Factors for Corn Industry:

Ethanol Production from Corn: Corn ethanol is a form of ethanol made from corn biomass, and it is the most common ethanol fuel in the United States. Ethanol fermentation and distillation are used to make corn ethanol. It’s debatable if corn ethanol production and use produce fewer greenhouse gases than gasoline. Approximately 25% of corn cropland in the United States is used for ethanol production.

Improving Farmers’ Income: Corn is one of the significant food crops in the whole world, supplying at least one-third of the food calories to almost 5 billion people in nearly 100 developing countries, along with rice and wheat. Maize accounts for more than a quarter of all food calories in parts of Africa and Mesoamerica. Corn is also a significant part of animal feed and is commonly used in agricultural products, including biofuel production.

Mexico, Japan, South Korea, the European Union, Egypt, Iran, Vietnam, Taiwan, Colombia, and Algeria all rely heavily on corn imports. Corn is mainly used in these countries for end-use markets such as animal feed and corn starch.

China’s reconstruction of the hog sector has been faster than anticipated since the outbreak of swine flu in Africa a few years ago, boosting feed demand in the region. Corn is widely used in Russia, with significant quantities originating primarily from the Central District.

Effects of COVID-19 on the Corn Industry: Covid-19 hasn’t had much of an impact on the global corn market. Over this time, there has been a slight rise in export, import, and output.

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Market Summary:

By Production: The report studies production analysis of the following countries: (European Union, United States, Brazil, China, Argentina and Rest of the World).

By Consumption: The consumption analysis of (European Union, United States, China, Brazil, Mexico and the Rest of the World) is given in this report.

By Export: The report studies Export analysis of the following countries: (Argentina, Russia, the United States, Ukraine, Brazil, and the Rest of the World).

By Import: The import analysis of (Egypt, the European Union, Iran, Vietnam, Japan, Mexico, South Korea, Taiwan, Columbia, Algeria and the Rest of the World) is given in this report.

By Company: Business Overview, Recent Developments & Initiatives and Financial Overview of the following companies: Archer Daniels Midland, Cargill, Ingredion Incorporated, and Tate & Lyle are covered in this report.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

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Global Corn Market Analysis Report by Renub Research

Globally corn industry is growing with a healthy growth rate, and it is expected to reach US$ 199 Billion by the end of the year 2026. United States, Brazil, Argentina and China are the major corn producing countries. The United States accounts for the lion’s share globally in terms of corn production and Export. Other than the USA, Ukraine, Argentina, Brazil and Russia are few other countries who are also significant exporters of corn worldwide.

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WORLD CORN PRODUCTION AND LEADER PRODUCER COUNTRIES

The highest corn production in the world by years belongs to USA. According to the data of USDA; USA provides 361 million tons of world corn production which was 1 billion tons in 2014/15 season. Production amount of USA was decreased 345 million tons by declining 16 million tons in 2015/16 season. USA’s production amount is estimated to be 386,7 million tons in 2016/17 season. China comes second after USA in terms of corn production. Corn production of China which was 205 million tons in 2012/13 season rose to 215 million tons in season 2014/15, was risen 224 million tons in 2015/16. China’s production amount of corn is estimated to decrease 216 million tons by 8 million tons declining in 2016/17 season.

Global Corn Market Share

Factors Driving the Corn Industry Worldwide:

Growth:

• Increasing Demand for Corn-Based Ethanol Production
• Rising Incidence of Pests
• Potential of Maize in improving farmers’ income

Challenges:

• Climate Change Impacts on Corn

In terms of imports Japan, European Union, Mexico, Egypt, South Korea, Iran, Columbia, Vietnam, Taiwan, Algeria rely heavily on imports of corn. In these countries, the corn is mostly used for end-use sectors like the animal feed and corn starch markets.

United States, China, Brazil, Russia, and the European Union regions have the highest consumption of corn globally. The growing market for corn in the United States is due to the ever-increasing feed sector and the industrial sector. Strong meat exports is projected to stimulate animal production and to increase corn use in Brazil. Since the outbreak of African swine flu a few years ago, the Republic of China rebuilding of the hog sector has been faster than the prior projection which has been fueling feed demand in this region. In Russia, production of corn is mostly used in the domestic market; primarily large supplies are from the Central District.

Covid-19 Impact on Corn Industry

In the global corn market, Covid-19 has not impacted much on this industry. There has been marginally surge in export, import as well as in production during this period.

Renub Research report titled: “Global Corn Market, By Production (United States, China, Brazil, European Union, Argentina and Rest of the World), Consumption (United States, China, Brazil, European Union Mexico and Rest of the World), Export (United States, Argentina, Ukraine, Brazil, Russia and Rest of the World), Import (Japan, Mexico, European Union, South Korea, Egypt, Iran, Vietnam, Taiwan, Columbia, Algeria and Rest of the World) Company (Cargill, Ingredion Incorporated, Archer Daniels Midland , Tate & Lyle, Agraha)” prvides an all encompassing analsis of Global Corn Industry.

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Production by Countries:

  1. United States
  2. China
  3. Brazil
  4. European Union
  5. Argentina
  6. Rest of the World

Consumption by Countries:

  1. United States
  2. China
  3. Brazil
  4. European Union
  5. Mexico
  6. Rest of the World

Export by Countries:

  1. United States
  2. Argentina
  3. Ukraine
  4. Brazil
  5. Russia
  6. Rest of the World

Import by Countries:

  1. Japan
  2. Mexico
  3. European Union
  4. South Korea
  5. Egypt
  6. Iran
  7. Vietnam
  8. Taiwan
  9. Columbia
  10. Algeria
  11. Rest of the World

All the 5 companies have been studied from three points

• Business Overview
• Recent Developments & Initiatives
• Financial Overview

Company Analysis:

• Cargill
• Ingredion Incorporated
• Archer Daniels Midland
• Tate & Lyle
• Agraha

Industry Related Opportunity:

Native Starch Market: https://www.renub.com/global-native-starch-market-production-industry-share-p.php

Japan Food & Beverages Market: https://www.renub.com/japan-food-and-beverages-market-p.php

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Food & Beverage ,Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research