Cornmeal Market Size was valued at USD 0.8 billion in 2023. The Cornmeal industry is projected to grow from USD 0.83032 Billion in 2024 to USD 1.0379 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.79% during the forecast period (2024 - 2032). Consumer demand for healthier food and a growing preference for a balanced breakfast made of ready-to-eat items are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In many bakery applications, cornmeal is growing in popularity. In addition, it's used to make cornbread, tortillas, and polenta. The US has a high demand for cornmeal with a high fiber content. Because stone-ground cornmeal has more flavor, is grainier, and is more nutrient-rich than steel-milled cornmeal, cornmeal producers are increasing their production.
All over the world, raw and processed corn is used in the feed and food industries. A significant byproduct of corn is corn meal. Through the process of drying, corn is transformed into a powder. It is a widely consumed staple food around the world. Corn meal has a high fiber content and contributes nutritious ingredients to diet meals. In addition, it contains crucial minerals like iron, phosphorus, magnesium, copper, zinc, and manganese.
Consumer demand for healthier food options is rising, and eating habits are changing, which are the main factors influencing the demand for corn meal. Additionally, the growing consumer preference for a balanced breakfast made up of ready-to-eat food items is anticipated to drive the corn meal market over the forecast period. Additionally, the corn meal market benefits from a shift toward healthier foods to lower cholesterol and manage blood sugar levels.
Cornmeal is used as a cutting-edge food coating in homes and restaurants. In addition, the widespread use of cornmeal is anticipated to increase demand for corn production, which is expected to spur market expansion. The increase in maize production in developing nations is also fueled by adopting new farming technologies, yield enhancements, and land expansion. The fast-food industry is expanding, Western culture is being embraced, and disposable income is rising, all factors in the expansion of the Cornmeal market CAGR globally in recent years.
Based on type, the Cornmeal market segmentation includes White Cornmeal, Yellow Cornmeal, and Others. The Yellow Cornmeal segment held the majority share in 2022, contributing to the cornmeal market revenue. Most yellow cornmeal, particularly found in the U. S. supermarkets, is made of dent corn, which has a noticeable corny texture and a high starch content. Although cornmeal is most frequently used to make cornbread, it also makes a delicious, crunchy crust for fish, chicken, and mozzarella sticks.
Based on Category, the Cornmeal market segmentation includes Organic and Conventional. The Organic segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Everything is left in the corn germ and bran, which provide a ton of flavor and beneficial fiber after it has been coarsely stone-ground. This organic cornmeal enhances the texture and flavor of many baked goods, including muffins, waffles, pancakes, fried okra, fish coating, and many more implants. Cornmeal positively impacts market growth.
Figure 1: Cornmeal Market, by Category, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Applications have bifurcated the Cornmeal market data into Food & Beverage, Animal Feed, and Others. The Food & Beverage segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. It has been discovered that corn and cornmeal can lower cholesterol and improve cardiovascular health. Selenium has been found to reduce the risk of coronary heart disease, and cornmeal has a comparatively high amount of it—one cup has 18.9mcg or 34% of your daily recommended value.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Cornmeal market accounted for USD 0.3664 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The growing popularity of corn meal results from the developed nations in these regions adopting healthier eating habits and higher food standards, which has positively impacted the corn market. China, Saudi Arabia, France, India, and the United States are the top exporters of corn. These nations' newly established trading networks and a preference for high-quality food also boost market expansion.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: CORNMEAL MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Cornmeal market accounts for the second-largest market share. This is explained by the fact that corn is a staple food in this region's daily diet. The high import rates of cornmeal in the nations in this region may be another factor. In 2021, Malaysia alone was responsible for importing corn worth US$ 50 million, followed by Mozambique and Lesotho with US$ 35 and US$ 25 million, respectively. Further, the Germany Cornmeal market held the largest market share, and the UK was the fastest-growing market in the European region.
The Asia-Pacific Cornmeal Market is expected to grow at the fastest CAGR from 2022 to 2030 as customers become aware of gluten and celiac disease. Products made from cornmeal are in high demand from the fast food and confectionery industries. Consumers’ higher disposable income. Moreover, the China Cornmeal market held the largest market share, and the India Cornmeal market was the fastest-growing market in the Asia-Pacific region.
Major market players are spending much on R&D to increase their product lines, which will help the Cornmeal market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Cornmeal industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the Cornmeal industry to benefit clients and expand the market sector. The Cornmeal industry has provided medicine with some of the most significant benefits in recent years. The Cornmeal markets major players such as Cargill, Bunge Limited (US), General Mills Inc. (US), Dover Corn Products Ltd (Canada), Atkinson Milling Co. (US), Archer Daniels Midland Company (US), Didion Inc. (US), SEMO Milling LLC (US), Agricor (US), Weisenberger Mills Inc. (US), and others are working on expanding the market demand by investing in research and development activities.
Cargill nourishes the world safely, ethically, and sustainably; Cargill's 155,000 employees across 70 countries work tirelessly every day. We link customers with ingredients, farmers with markets, and people and animals with the food they require to survive every day. We serve as a trusted partner for customers in the food, agriculture, financial, and industrial sectors in more than 125 countries by fusing our 155 years of experience with new technologies and insights. We are constructing an agricultural future that is more robust and sustainable together.
Also, Bunge Limited (U.S.) In every market we operate, we have an unmatched scale, more than two centuries of experience, and strong relationships.
Some of the most well-known brands in the world rely on us for ingredients and expertise. Our company's specialty oils and milled grains are important ingredients in popular restaurants, consumer brands, and kitchens worldwide. We are more connected and in line with how we conduct business than ever as we continue to develop to meet the constantly shifting needs of a populated world. By focusing on customers and the value chains that serve them, we can adapt to market dynamics and needs. The coordination of each value chain, from our interactions with farmers to our finished products, is ensured, giving customers a single point of accountability.
Cornmeal Industry Developments
November 2020: Bunge Ltd., a U.S.-based company called. S. from Grupo Minsa, S.A., purchased two corn mills in the United States. B. de C. V. The company's product line now includes masa, and pre-cooked cornmeal, which was previously excluded due to this acquisition.
November 2020: A grain mill called McHargue's Mill was established to produce cornmeal for retail and business-to-business customers in North Dakota. Initially constructed in 1806, this mill took a long time to operate. The business specializes in producing organic cornmeal devoid of preservatives.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.8 billion |
| Market Size 2024 | USD 0.83032 billion |
| Market Size 2032 | USD 1.0379 billion |
| Compound Annual Growth Rate (CAGR) | 3.79% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2020 - 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Category, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Cargill, Bunge Limited (US), General Mills Inc. (US), Dover Corn Products Ltd (Canada), Atkinson Milling Co. (US), Archer Daniels Midland Company (US), Didion Inc. (US), SEMO Milling LLC (US), Agricor (US), Weisenberger Mills Inc. (US) |
| Key Market Opportunities | Consumer demand for healthier food |
| Key Market Dynamics | Growing preference for a balanced breakfast made up of ready-to-eat items. |
Cornmeal Market Highlights:
Frequently Asked Questions (FAQ) :
The Cornmeal market size was valued at USD 0.8 Billion in 2023.
The market is projected to grow at a CAGR of 3.79% during the forecast period, 2024-2032.
North America had the largest share of the market
The key players in the market are Cargill, Bunge Limited (US), General Mills Inc. (US), Dover Corn Products Ltd (Canada), Atkinson Milling Co. (US), Archer Daniels Midland Company (US), Didion Inc. (US), SEMO Milling LLC (US), Agricor (US), Weisenberger Mills Inc. (US).
The Yellow Cornmeal category dominated the market in 2023.
Organic had the largest share in the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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