In 2024, after three years of decline, there was growth in the U.S. wet corn market, when its value increased by 4.1% to $7.6B. Overall, consumption continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the market value increased by 6.3%. Wet corn consumption peaked at $11.1B in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

The global preserved sweet corn market reached $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in years to come.

The cost of maize in the South Korea for Q4 2023 reached 325 USD/MT in December. The market faced challenges due to fluctuating demand and tight global supply. Despite an initial price drop, the market rebounded by mid-November, driven by high demand in the livestock sector and growing industrial applications. Changes in worldwide weather patterns and increasing global shipping prices also had an impact on the cost of maize in the region.

Maize Prices December 2023

Explore IMARC's latest publication, “Maize (Corn) Pricing Report 2025: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the maize market, providing insights into both global and regional trends that are shaping prices.

In 2022, the average price of one bushel of corn was around 7.43 U.S. dollars. That year, the United States was the largest producer of corn in the world.

The East European preserved sweet corn market expanded markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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Corn Flour Market Size 2024-2028

The corn flour market size is forecast to increase by USD 3.38 billion at a CAGR of 3.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing popularity of convenience and processed foods, particularly in the categories of tortillas, tacos, nachos, and corn chips. This trend is driven by the hectic lifestyles of consumers in the US, who seek quick and easy meal solutions. Additionally, dietary sensitivities and health-conscious preferences have led to an increase in demand for gluten-free products alternatives to traditional wheat flour-based products. However, the market faces challenges such as the vulnerability of corn crops to climate change, which can impact production and supply. Private-label brands are also gaining prominence, offering consumers affordable and high-quality options.

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Corn flour, a versatile and nutritious ingredient, plays a significant role in various food applications. The market for corn flour has been experiencing steady growth due to its increasing use in RTE (Ready-to-Eat) products, breakfast cereals, and convenience food items. The producers of corn flour have been expanding their production capabilities to cater to the growing demand. Corn flour is derived from corn, which is widely cultivated in geographic divisions such as North America, Europe, and Asia Pacific. The major producers include those specializing in corn starch and gluten-free food manufacturers.

In addition, corn flour finds extensive applications in food industries, including bakery products like bread and pastries, as well as in the production of colors for various food applications. In addition, it is increasingly used in the manufacturing of healthy pet food and gluten-free products. The Fao report indicates that corn is the world's third most produced cereal crop, following rice and wheat. The health benefits of corn flour are numerous, including its contribution to bone strength, kidney functioning, and heart rate regulation. Furthermore, it is a diabetes-friendly ingredient, making it an ideal choice for nutritious food products. The convenience factor is a significant driver of the market.

Furthermore, with consumers leading increasingly busy lives, the demand for RTE products and convenience food items continues to rise. Corn flour's ability to be easily processed and incorporated into various food applications makes it a popular choice for food manufacturers. The market for corn flour is diverse, with applications ranging from food production to industrial uses. Key industries include breakfast cereals, bakery products, convenience food, and industrial applications. In conclusion, the market is driven by its versatility, nutritional benefits, and convenience. Producers are expanding their production capabilities to meet the growing demand, and the market is expected to continue its steady growth in various food applications.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Industrial
  Retail
  Food service


Distribution Channel

  Supermarkets and hypermarkets
  Convenience stores
  Online retail
  Others


Geography

  North America

    Mexico
    US


  APAC

    China
    India


  South America

    Brazil


  Europe



  Middle East and Africa

By End-user Insights

The industrial segment is estimated to witness significant growth during the forecast period. In the United States, corn flour is an extensively utilized corn milling product within the industrial sector. This versatile ingredient is particularly favored by snack manufacturers due to its application in producing tortilla chips and various other savory snacks. The fiber-rich and high starch content of corn flour contributes significantly to the creation of an appealing texture and a satisfying crunch in these products. Furthermore, the glycemic index of corn flour is relatively low, making it a suitable option for those following a balanced diet or seeking healthier alternatives. The global market for corn flour is experiencing steady expansion, driven by the increasing demand from snack manufacturers worldwide.

Furthermore, in the US, the trend towards gluten-free and health food options has further boosted sales of corn flour. Its use extends beyond snacks, with corn flour also being incorporated into dietary supplements, dietary fiber products, and baby foods. The latter category benefits from corn flour's easily digestible proteins and ability to create creamy textures. According to a recent FAO report, The market is expected to witness continued growth, with an increasing focus on product diversification to cater to various con

The price of corn oil in the United States for Q4 2023 reached 1406 USD/MT in December. In China, corn oil prices reached 1676 USD/MT in December. Similarly, the Q4 2023 corn oil price in Germany was 2346 USD/MT.

The preserved sweet corn market in Australia and Oceania stood at $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

In 2022, the ASEAN preserved sweet corn market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

The global corn oil market size was valued at USD 6.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 11.47 Billion by 2033, exhibiting a CAGR of 6.5% during 2025-2033. North America currently dominates the market, holding a significant market share of over 55.7% in 2024. The corn oil market share is experiencing robust growth, driven by the escalating health consciousness among consumers, rising product demand in the biofuel sector, growing impact of urbanization and economic development, continuous technological advancements in extraction and processing techniques, and burgeoning innovations in the food industry.

IMARC Group provides an analysis of the key trends in each segment of the global corn oil market, along with forecasts at the global and regional levels from 2025-2033. The market has been categorized based on product type, application, and distribution channel.

Global Wet milling Corn Product market size 2025 was XX Million. Wet milling Corn Product Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The MENA's preserved sweet corn market reduced markedly to $X in 2022, declining by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

In 2022, the Ethiopian preserved sweet corn market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The Kuwaiti preserved sweet corn market was estimated at $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The New Zealand preserved sweet corn market expanded notably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Preserved sweet corn consumption peaked in 2022 and is expected to retain growth in years to come.

In 2022, the Guatemalan preserved sweet corn market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

The U.S. preserved sweet corn market expanded modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved sweet corn consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

In 2022, after two years of decline, there was significant growth in the Libyan preserved sweet corn market, when its value increased by X% to $X. In general, consumption, however, recorded a noticeable shrinkage. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

For the third year in a row, the Croatian preserved sweet corn market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

The Cote d'Ivoire's preserved sweet corn market skyrocketed to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a significant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.