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Corn Industry Report: Analysis and Forecast 2022-2027

Corn Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Corn Industry Report

The global Corn industry was valued to be worth 1177.25 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 5.3 percent, achieving a value of around 1604.87 MMT by 2027.

The Corn industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. End-use sectors like animal feed and corn starch are helping the global corn market grow. As the meat business expands, other grains, particularly maise and soybean, which are high in protein and used to feed cattle, are seeing growing demand. North America is the biggest category spender by region which is impelling the demand for the corn industry.

Corn: Industry Definition and Segmentation

Scope

Corn (Zea mays), sometimes known as Indian corn or maise, is a cereal grain that was first grown 10,000 years ago by ancient peoples in southern Mexico. The domesticated crop is one of the most extensively dispersed food crops on the planet, having originated in the Americas. The plant’s leafy stem produces pollen inflorescences (or “silk”) and distinctive ovuliferous inflorescences (called ears), which generate kernels or seeds that become fruits when fertilized. Corn is utilized in the manufacturing business as livestock feed, human food, biofuel, and raw material.

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The Corn industry report comprises segments:

  • By application – Feed & Residue, Food, Seed, and Industrial
  • By region – North America, Europe, Asia Pacific, Middle East & Africa, and South America

Snapshot of the Report

The regional markets for the industry can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Read Full Report with Table of Contents: – https://www.procurementresource.com/reports/corn-industry-report

Category Drivers

The product’s wide availability and low manufacturing costs also help to fuel the primary market. The government’s favourable policies and rising FDI flows for both medicines and personal care items, notably in the Asia Pacific region, have aided the growth of the maise market. The product’s two most important emerging markets are India and China. It’s also utilised in the production of cereals, alcohol, sweeteners, and by-product feed, among other culinary and industrial products, strengthening the industry’s growth.

Category Insight by Region

The industry is heavily dominated by the North American region. Corn is the most widely used feed grain in the US, accounting for more than 95% of total feed grain production and consumption. The main three producers are the United States, China, and Brazil, with the United States accounting for around 36% of total global output. The United States is also the world’s biggest agricultural exporter, accounting for over 36% of global exports, followed by Brazil, Argentina, Ukraine, and Russia.

The maize sector is primarily driven by growing worldwide livestock consumption because of population growth. As a result, market growth is driven by milk consumption, meat consumption, and egg consumption. Since then, maise has been a staple in almost every compound feed for ruminants, poultry, swine, and aquaculture species. Corn is also becoming more frequently employed in end-use industries, which is propelling the global corn market. Corn is used to manufacturing corn starch, which has a wide range of applications. The maize market also benefits from the growing demand for sorbitol, which is commonly used by health-conscious people. Long production seasons, as well as climate and pest-related challenges, would likely stifle market expansion.

Best Procurement Practices

The global Corn industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of corn products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Corn refiners use #2 yellow dent corn that hasn’t been cobbed. On average, a bushel of yellow dent corn weighs 56 pounds. Starch (from the endosperm) makes up 70% of the kernel, whereas protein (primarily gluten) makes up 10%, oil (from the germ) makes up 4%, and fibre makes up 2%. (From the hull). Before further refining corn into specialised products, the refining process seeks to extract each component. Trucks, barges, and railroads transport corn to the refinery. To remove cob fragments, dust, chaff, and other pollutants, corn shipments are examined and cleaned twice. The maise is then stored in silos with capacities of up to 350,000 bushels until it is ready to be transferred to the refinery for steeping, the first stage of processing.

During steeping, the kernels absorb water, increasing their moisture content from 15% to 45 percent and tripling in size. In a hot environment, adding 0.1 percent sulphur dioxide to the water prevents excessive bacterial growth. As the maize swells and softens, the minor acidity of the steep water begins to dissolve the gluten linkages within the maise and release the starch. After steeping, the corn is roughly crushed to separate the germ from the other components. Steepwater is condensed to extract nutrients for animal feeds and later fermentation processes. Mechanical and solvent extraction techniques are used to extract the germ oil. The oil is then processed and filtered to produce the final corn oil.

Key Supplier Profiles included in the Aluminium Industry Report

The key market players are Archer Daniels Midland Company, Cargill Inc., Ingredion Inc., Tate & Lyle Plc, Roquette Frères, and Tereos SA.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.