Covid-19 Impact on Cornmeal Market:
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world.
Cornmeal Market Overview
Growing popularity of the craft beer will drive growth prospects for global cornmeal market for next seven years. With updated definition of craft beer to include limited use of the adjuncts such as rice or corn in the brewing process, use of corn grits in brewery as craft beer is also growing. Correspondingly, craft breweries are looking for opportunities to come up with the new products to raise their presence in market. Additionally, it has been observed that number of breweries is as well increasing across globe, which, in turn, will increase the growth rate of the global cornmeal market. For instance, number of craft brewery in the U.S. is augmented by 18.1% in the year 2015 compared with the year 2014.
With COVID-19, the world is fighting health pandemic as well as economic pandemic, impacting almost trillions of dollars of the revenues, including in Cornmeal market. Most of the market currently are experiencing low demand and supply chain disruption due to the pandemic. The year started as a good opportunity for the businesses, however, the pandemic has caused severe damages to import, export and hence on the demand and supply of the Components. The effect is expected to be long term and will affect the developing economies specially for many years. As a result, the economies are expected to be affected adversely leading to layoffs and hence further lower demand for the products due to lack of money flow.
Cornmeal Market Segment Overview
Rise in the consumption of organic products for breakfast is latest buzz amongst the millennials, which is supplementary projected to boost the demand for the cornmeal during forecast period. High nourishment value of the cornmeal aids in improving the functionality of various body organs. Iron carbohydrates, and phosphorus covers the major nutrients share in cornmeal, which helps in the maintaining of nervous system, increasing bone strength, smoothening blood circulation, and enhancing healing power. Absence of the gluten in cornmeal have given rise to widespread attention of the cornmeal for health-conscious consumers. It is also proving to be good alternative for the wheat flour resulting in gaining consideration from patients having diseases such as celiac disease or the gluten sensitivity.
Cornmeal Regional Overview
The U.S. is largest producer of the corn or cornmeal throughout globe followed by Brazil and China. The cornmeal market is anticipated to experience increased growth in international market due to the increase in the demand for corn production all over the globe considering extensive applications of the cornmeal. Adaption of various new farming technologies, yield improvements and area expansion majorly drives growth of the maize production in developing countries. Demand for cornmeal products in North Americas is growing due to rising demand for the corn snacks including tortilla chips, taco shells, corn chips, and wide variety of other common Mexican foods. Also, addition of whole cornmeal and the corn flour in making of snacks gives high puff in preparation of extruded or processed snack products due to presence of the high starch content in it.
The cornmeal is used mostly in traditional food products precise to particular regions in the Africa and Latin America. In most parts of the Africa, corn is staple food as well as grain consumed in highest quantity across continent. The trend is also found in the Latin America. Consumption of the traditional food products has been stable in Latin America and Africa, which remain largest consumers of cornmeal.
Cornmeal Market Competitor overview
Global cornmeal market is highly diversified and competitive due to presence of large number of international and regional vendors across the globe. Likewise, these vendors progressively take into consideration culture, dynamics, region's retail landscape, and consumer preferences before launching new product in market. Numerous manufacturers are creating robust distribution channels due to intensifying competition and rising demand for the corn-based foods.
Cornmeal Market, Key Players
Cornmeal Market Segmentation
Cornmeal Market, By Type
Cornmeal Market, By Strain
Cornmeal Market, By Distribution Channel
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world.
Cornmeal Market Overview
Growing popularity of the craft beer will drive growth prospects for global cornmeal market for next seven years. With updated definition of craft beer to include limited use of the adjuncts such as rice or corn in the brewing process, use of corn grits in brewery as craft beer is also growing. Correspondingly, craft breweries are looking for opportunities to come up with the new products to raise their presence in market. Additionally, it has been observed that number of breweries is as well increasing across globe, which, in turn, will increase the growth rate of the global cornmeal market. For instance, number of craft brewery in the U.S. is augmented by 18.1% in the year 2015 compared with the year 2014.
With COVID-19, the world is fighting health pandemic as well as economic pandemic, impacting almost trillions of dollars of the revenues, including in Cornmeal market. Most of the market currently are experiencing low demand and supply chain disruption due to the pandemic. The year started as a good opportunity for the businesses, however, the pandemic has caused severe damages to import, export and hence on the demand and supply of the Components. The effect is expected to be long term and will affect the developing economies specially for many years. As a result, the economies are expected to be affected adversely leading to layoffs and hence further lower demand for the products due to lack of money flow.
Cornmeal Market Segment Overview
Rise in the consumption of organic products for breakfast is latest buzz amongst the millennials, which is supplementary projected to boost the demand for the cornmeal during forecast period. High nourishment value of the cornmeal aids in improving the functionality of various body organs. Iron carbohydrates, and phosphorus covers the major nutrients share in cornmeal, which helps in the maintaining of nervous system, increasing bone strength, smoothening blood circulation, and enhancing healing power. Absence of the gluten in cornmeal have given rise to widespread attention of the cornmeal for health-conscious consumers. It is also proving to be good alternative for the wheat flour resulting in gaining consideration from patients having diseases such as celiac disease or the gluten sensitivity.
Cornmeal Regional Overview
The U.S. is largest producer of the corn or cornmeal throughout globe followed by Brazil and China. The cornmeal market is anticipated to experience increased growth in international market due to the increase in the demand for corn production all over the globe considering extensive applications of the cornmeal. Adaption of various new farming technologies, yield improvements and area expansion majorly drives growth of the maize production in developing countries. Demand for cornmeal products in North Americas is growing due to rising demand for the corn snacks including tortilla chips, taco shells, corn chips, and wide variety of other common Mexican foods. Also, addition of whole cornmeal and the corn flour in making of snacks gives high puff in preparation of extruded or processed snack products due to presence of the high starch content in it.
The cornmeal is used mostly in traditional food products precise to particular regions in the Africa and Latin America. In most parts of the Africa, corn is staple food as well as grain consumed in highest quantity across continent. The trend is also found in the Latin America. Consumption of the traditional food products has been stable in Latin America and Africa, which remain largest consumers of cornmeal.
Cornmeal Market Competitor overview
Global cornmeal market is highly diversified and competitive due to presence of large number of international and regional vendors across the globe. Likewise, these vendors progressively take into consideration culture, dynamics, region's retail landscape, and consumer preferences before launching new product in market. Numerous manufacturers are creating robust distribution channels due to intensifying competition and rising demand for the corn-based foods.
Cornmeal Market, Key Players
• Archer Daniels Midland Company,
• General Mills, Inc.
• Cargill Inc.
• Grain Millers, Inc.
• Anson Mills, Ltd.
• Goya Foods, Inc.
• Bunge Ltd.
• The Quaker Oats Company
• Bob’s Red Mill Natural Foods, Inc.
• Nunn Milling Co.
• Dover Corn Products, Ltd.
• Adluh - Allen Bros. Milling Company
• Hometown Food Company
Cornmeal Market Segmentation
Cornmeal Market, By Type
• Conventional
• Organic
Cornmeal Market, By Strain
• Yellow
• White
• Blue
Cornmeal Market, By Distribution Channel
• Speciality Stores
• Hyper Market & Supermarket
• Online Sales Channel
Cornmeal Market, By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
CORNMEAL MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cornmeal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Cornmeal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Cornmeal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Cornmeal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Cornmeal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Cornmeal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1