Corn Market Size Worth $410.02 Billion By 2032 | CAGR: 3.6%

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.

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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)

• Organic
• Conventional

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

Corn Market Report Scope