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Corn Seeds Market segmented By Type (Baby Corn, Field Corn, Sweet Corn, Pop Corn), By End Products (Animal Feed, Corn Flour or meal, Corn Starch, Corn Syrup), Regional analysis - Industry Analysis, Forecast 2027.

Published: March, 2023
ID: 5000
Pages: 175
Formats: report pdf report excel report power bi report ppt

Corn Seed Market Size & Growth (2022 - 2027):

The Corn Seed market is estimated at USD 24.9 billion in 2021 and is expected to extend at a CAGR of 7.3% to reach USD 32.4 billion 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: 

  • The yield and quality of corn have improved significantly by genetic engineering, which is a crucial driver of this corn seed market. 
  • Advancing market planning by key players in relation to stockpiling based on demand and supply circumstances works remarkably well for the robust growth of the corn seed market during the forecast period.

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.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

7.3% 

Segments Covered

By Type, By End Product

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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. 

Market Segmentation:

Corn Seed Market - By Type

  • Baby Corn

  • Field Corn
  • Sweet Corn
  • Pop 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 a 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 urbanization, and disposable incomes, 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 MarketBy End Products

  • Animal Feed
  • Corn Flour or meal
  • Corn Starch
  • Corn Syrup

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 a 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, the Corn seed market can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Argentina
    3. Mexico
    4. Saudi Arabia

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 the 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.

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