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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Corn Market Regional Analysis
Increasing corn production in countries like China and the United States to Bolster Sales
The three main corn-producing nations are the United States, China, and Brazil; the United States accounts for around 36% of the global market share for corn. The other main exporters of the crop are Russia, Argentina, Brazil, and Ukraine, which together account for more than 36% of global exports.
China, the United States, Mexico, the European Union, and Brazil are the main corn-consuming markets, boosting the growth of the corn market. The end-use industries, such as the markets for corn starch and animal feed, contribute to the increasing demand in these areas. Due to the constantly expanding end-use industries of corn in these regions, the United States and China rank among the major consumers. Japan, Mexico, South Korea, and the European Union are among the nations that depend on imports.
The growth of the feed and industrial sectors is the cause of the increased demand for corn within the United States. Since corn contains carbohydrates, it makes up a useful part of a livestock's diet. Animal feed is the nation's most common application sector, next to fuel ethanol. China is the primary producer of corn, therefore the country's expanding processing industry is fueling corn market revenue. The nation possesses a noteworthy portion of the market in various application domains such as polyols and HFCS.
Corn Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for corn attained a volume of nearly 1183.43 million metric tons.
The market for corn is projected to grow at a CAGR of 1.1% between 2024 and 2032.
The market is being driven by the growing demand for sorbitol and the rising use of corn in end-use industries, such as personal care and pharmaceuticals, among others.
The key trends guiding the market include the rising demand for corn in the animal feed sector and the growing uses of corn as ethanol fuel.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of corn include food and beverages, animal feed, and ethanol production, among others.
The major sources of corn are organic and conventional.
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