Globally corn industry is growing with a healthy growth rate, and it's expected to succeed in US$ 199 Billion by the end of the year 2026. us, Brazil, Argentina, and China are the main corn producing countries. The us accounts for the lion’s share globally in terms of corn production and Export. aside from the USA, Ukraine, Argentina, Brazil, and Russia are few other countries that are significant exporters of corn worldwide.
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
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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 usually used for end-use sectors just like the animal feed and corn starch markets.
United States, China, Brazil, Russia, and therefore the European Union regions have the very best consumption of corn globally. The growing marketplace for corn within us is thanks to the ever-increasing feed sector and therefore the industrial sector. Strong meat exports are projected to stimulate animal production and to extend corn use in Brazil. Since the outbreak of African swine influenza 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 during this region. In Russia, production of corn is usually utilized 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 also as in production during this period.
GLOBAL CORN PRODUCTION AND LEADER PRODUCER COUNTRIES
The highest corn production within the world by years belongs to the USA. consistent with the info of USDA; the USA provides 361 million tons of world corn production which was 1 billion tons in the 2014/15 season. The production amount of the USA was decreased 345 million tons by declining 16 million tons in the 2015/16 season. USA’s production amount is estimated to be 386,7 million tons in the 2016/17 season. China comes second after the 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 the 2016/17 season.
USA and China meet alone over 1/2 world corn production which was 970 million tons (2015/16). Brazil follows them with 67 million tons of production. EU countries coming right after Brazil reached to 58 million tons of production in the 2015/16 season.
Argentina with 29 million tons, Mexico with 25,8 million tons, Ukraine with 23 million tons, India with 21,8 million tons, Canada with 13,6 million tons, and Russia with 13 million tons follow the EU countries.
The significant consuming markets for corn include the USA, China, the EU Union, Mexico, and Brazil. This growing demand in these regions is supported by the end-use sectors just like the animal feed and corn starch markets. The us and China are among the biggest consumers due to the many presence of most of the end-use sectors in these regions. The countries that believe imports are Mexico, Japan, South Korea, the EU Union, and Egypt. The rising demand for corn within us is thanks to the growing feed sector and therefore the industrial sector. The dominant application sector within the region is animal feed, followed by fuel ethanol. The growing corn starch processing industries are driving the demand for corn in China, as China is that the leading key player in corn starch production. The country also accounts for a big market share in other application sectors like HFCS and polyols.
North America dominates the Maize/Corn Seed Market
North America led by us, has established itself because of the most vital region for global corn seed trade. Over the past decade, the US maize/corn seed market has been growing in quantity and value. While the US is that the major corn seed exporter, Italy, Mexico, Canada, France, and Spain are the most important importers of U.S. corn seed. quite 90% of the corn seed market of the region is dominated by GM corn seeds.
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
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