Milled-Corn Products Market Outlook

Globally, the major commodities from which starch is derived are maize, cassava, potato, and wheat. The quantity of starch consumed in food and non-food products in a country is closely associated with the level of economic development and income of that country. With the rise in per capita income, consumer demand for a food and manufactured products that use starch in their making. Thus, there is a close and positive relationship between income and quantity of starch demanded. Starch which is being considered as the one of the most present biomaterials has witnessed significant development over the past few years.  

Milled-Corn Products Market: Reasons for Covering this Title

Corn is one type of grain that has witnessed highest production and consumption rate worldwide. Corn in its raw and processed formats are being used in large scale in food, feed, ethanol production and industrial uses as well. The most common factor driving the demand for milled-corn products is for the ethanol production. However, the rising demand for bakery products especially from the European and the North American region is one of the emerging reasons which is triggering the demand for milled-corn products. The dry milled-corn product has experienced an extensive usage in the production of ethnic foods, bread, batter mixes, pancake mixes etc.

Global Milled-Corn Products: Market Segmentation

On the basis of nature, the global Milled-Corn products market has been segmented as –

  • Organic
  • Conventional

On the basis of source, the global Milled-Corn products market has been segmented as –

  • White Corn
  • Yellow Corn
  • Blue Corn

On the basis of product type, the global Milled-Corn products market has been segmented as –

  • Corn Grits
  • Corn flours
  • Corn Polenta
  • Corn Snack Meal
  • Corn Cones

On the basis of application, the global Milled-Corn products market has been segmented as –

  • Flaking Application
  • Baking
  • Dry Mixes
  • Cereals
  • Pasta
  • Brewing
  • Snack Chips
  • Others
1global milled corn products market

Global Milled-Corn Products Market: Key Players

Some of the key players operating in the global Milled-Corn products market are Agricor, Archer Daniels Midland Company, SunOpta, Inc., Bunge Limited, Didion Milling, Inc, South Texas Milling Inc., Montana Milling Inc., The Congaree Milling Company, SEMO Milling, LLC, Cargill Inc., Codrico, Shawnee Milling Company, Wilkins Rogers,Inc., Dover Corn Products Ltd., Kenyon Corn Meal Company, among others.

          Volume Share of Top 5 Countries Producing Corn – 2016

                            World Total Corn Production: 1.04 MT                                            

 

milled corn products market

Unites States has the highest rate of production and consumption of corn, however countries like Japan, Mexico and European Union witnessed highest imports of corn which paves an opportunity for milled-corn products market in these regions.

Largest Corn Importing Countries-2016
(Thousands of metric tons)

Country

Imports

Japan

15,000

Mexico

13,800

European Union

13,100

South Korea

9,800

Egypt

9,000

Total Imports

137,187

 

 

 

 

 

 

 

 

Milled-Corn Products Market: Key Trends

The regional expansion, upgrading the production facilities and several critical acquisitions are some of the key factors and event which helps in the driving the growth of the Milled-Corn products market in the near future.

Key Product Launches in Milled-Corn Products Market

  • In Feb 2018, Chicago-based Company Archer Daniels Midland Co. plans to rebuild its grain processing plant in Iowa. The company intends to invest $7.8 million in other machinery and equipment and $2.8 million in site preparation. The plant produces a range of milled-corn products.
  • In Jan 2018, Cargill and the Arabian Agricultural Service Company (ARASCO), inaugurated a new state-of-art facility in Saudi Arabia. The new facility will help in doubling the glucose and starch production capabilities and serve the confectionery, juice, bakery and catering segments in Saudi Arabia, the UAE, Kuwait, Oman, Bahrain, and Qatar.

Opportunities for Milled-Corn Products Market Participants

Over the past couple of years, there has been surge in consumption rate of bakery products in the global market owing to rise in popularity of organic and healthy baked goods along with rising consumption of bread. Europe dominates the global market followed the Asia-Pacific region. Both these regions have witnessed significant consumption of breads especially mixed breads etc. Milled-corn products is being used as the prime ingredient in the production of these kind of breads. On the other hand, cereal products have higher rate of consumption especially in North American region which again milled-corn product. As a result, these factors helps sights an opportunity for milled-corn product market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Milled Corn Products Market

Pre Book