Global Corn Market is Forecasted to be more than US$ 199 Billion by the end of year 2026
01 Apr, 2021

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.

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.