The Corn Seed market is estimated at USD 24.9 million in 2021 and is expected to extend at a CAGR of 7.3% to reach USD 32.4 million by 2026. Corn is the third-largest planted crop in the world next to wheat and rice. Although it is an important food crop, it is often used and traded as a feed crop. It is cultivated in the temperate, tropical and subtropical regions of the world.
Recent Developments of the Corn Seed Market:
The Government of Azerbaijan began producing hybrid corn for which haploid corn seeds came from Turkey in August of 2020. The new product was named as Adasa 16 and will be grown in the province of Agjabadi. The choice to harvest it is to improve productivity and enhance the economic condition of the country.
Corn Seed Market Drivers and Restraints:
Drivers:
Restraints:
Higher commodity prices have adversely affected the corn seed market, making it the primary constraint for market growth. Reduced land under corn acreage, especially in the United States and Brazil, is a secondary factor limiting this market.
Corn Seed Market - By Type:
Baby Corn
Of these, Pop Corn is the largest and the fastest-growing segment that accounted for the bulk of the market. In 2020, the Pop Corn division contributed a market share of more than 60%. The section is expected to expand at CAGR of 12.2% during the forecast period of 2020 - 2025. The reason for such growth is attributed to the identification of popcorn as a perfect movie companion.
Nowadays, with increased urbanisation, and disposable incomes, the movie theatres are making more than 65% of their profits from popcorn but not from selling movie tickets. Native Americans initially discovered the potential of corn kernels to "pop" and stretched with the application of temperature. Several varieties of maize will pop, but some types were explicitly developed for this purpose.
Corn Seed Market - By End Products:
Out of these, Animal Feed is both the largest and the fastest-growing segment, accounting for over 55% of the total share in 2020. The division is expected to expand at CAGR of 10.2% during the forecast period of 2020 - 2025. The reason for such growth is due to the likability of corn-based products by many cattle. Corn is a significant diet of cows, chicken and farmed catfish.
Corn Seed Market Region-wise analysis:
Based in the region, Corn seed market can be segmented into:
The United States, Brazil, China, India, Argentina, Mexico, Indonesia, and France are the world's largest corn-growing countries. North America, followed closely by Latin America, is the largest market for corn seed, accounting for nearly 65 percent of overall market share. The US accounts for 40% of the world's harvest and is the largest value-added market. In 2010, the cornfield area in the US was approximately 35 million hectares. The United States, Japan, China, and India are the main consuming countries of maize. Mexico, Italy, Canada, France, and Spain are the main importers of the U.S. corn seed. Mexico has many traditional dishes made from corn.
Key Players:
The key players of the Corn Seed market include Monsanto, DuPont Pioneer, Bayer CropScience, Hefei Fengbao. Some other key Players of the Market include Pacific Seeds, Syngenta, Nuziweedu Seeds, China National Seeds, DLF Trifolium. Many of these key players focused on incorporating technological innovations and market expansion strategies for staying ahead of the competition.
RESEARCH METHODOLOGY:
The research of the Corn Seed market takes place in two phases namely-
Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
Corn Seed Market Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Introduction
5.1.2 Baby Corn
5.1.3 Field Corn
5.1.4 Sweet Corn
5.1.5 Pop Corn
5.1.6 Y-o-Y Growth Analysis
5.1.7 Market Attractiveness Analysis
5.1.8 Market Share Analysis
5.2 By End-Products
5.2.1 Introduction
5.2.2 Animal Feed
5.2.3 Corn Flour or meal
5.2.4 Corn Starch
5.2.5 Corn Syrup
5.2.6 Y-o-Y Growth Analysis
5.2.7 Market Attractiveness Analysis
5.2.8 Market Share Analysis
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By End Products
6.1.3.3 By Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By End Products
6.1.4.3 By Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By End Products
6.1.5.3 By Type
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 Monsanto
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 DuPont Pioneer
8.3 Bayer CropScience
8.4 Hefei Fengbao
8.5 Pacific Seeds
8.6 Sentara LLC
8.7 Syngenta
8.8 Nuziweedu Seeds
8.9 China National Seeds
8.10 DLF Trifoliu
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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