US - Cornmeal Market by Type, Product, and End-user - Forecast and Analysis - 2023-2027

US Cornmeal Market Forecast 2023-2027

The US Cornmeal Market size is projected to increase by USD 39.64 million at a CAGR of 3.05% between 2022 and 2027. The growth in the baking industry, propelled by changing consumer preferences and increasing demand for baked goods, is driving the demand for cornmeal as a key ingredient in various baking products. Additionally, the increasing demand for cornmeal from emerging markets, driven by factors such as population growth and urbanization, is boosting market growth by expanding the market reach and creating new opportunities for market players. Moreover, the increasing production of maize, driven by technological advancements and agricultural developments, is ensuring a stable supply of cornmeal, further fueling market growth.

One of the key factors driving the market is the growth in the baking industry. The growth in the baking industry significantly contributes to the market. In addition, the baking industry is generating an increase in the sale of food categories including fresh and frozen bread and rolls; fresh and frozen cakes, pies, and other pastries; cookies, crackers, and pretzels; and tortillas.  Moreover, it is forecasted to grow more aggressively over the next five years. Furthermore, potential markets such as the US reported significant growth in recent years due to changing consumer diets that incorporate more wheat-based products. This growth is driven by factors such as consumer demand, product launches, geographic expansions, technological innovations, developing countries, the fast-food sector, Western culture, disposable income, food and beverage manufacturers, and baked goods. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.

Market Overview

The Market shows an accelerated CAGR during the forecast period.

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Market Segmentation

This report provides a detailed analysis of the market by type (White cornmeal, Yellow cornmeal, and Blue cornmeal ), Product (Conventional and Organic), and End-user (Industrial, Retail, and Foodservice).

By Product

The low price associated with the conventional segment will fuel the market during the forecast period. This segment is easily available in the US, and the price is less expensive than organic variants. Conventional types comprise the usage of chemical fertilizers to enhance plant growth, which, in turn, is profitable for the producers. In addition, several types of chemical herbicides are used in the production process for weed control in conventional variants, which allows organic cornmeal to grow at a faster rate as consumers are more concerned about their health and the food they consume. Furthermore, factors such as the low price associated with conventional types and awareness regarding gluten-free food consumption are fuelling this segment which in turn will drive the growth during the forecast period.

By Type

The white cornmeal segment is estimated to witness significant growth during the forecast period. This segment is made from white corn and is an excellent source of fiber and selenium. In addition, it is used to make cornbread in the US.  Furthermore, it is a widely used ingredient in the food industry across the US.

The white cornmeal segment was the largest segment and was valued at USD 121.16 million in 2017.

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Moreover, it is often used to make cakes and pastries such as muffins, cornbread, and pancakes. In addition, growing awareness of gluten-free products has increased the demand. Furthermore, the rise of gluten intolerance in North America, especially in the US, continues to increase the demand, which in turn increases the demand for white cornmeal. Hence, such factors are fuelling this segment which in turn will drive the growth during the forecast period.

Market Dynamics

The market is driven by consumer demand for healthy food options, particularly in the breakfast sector. Cornmeal is known for its cardiovascular benefits and its ability to regulate blood sugar levels. The market is influenced by corn production and farming technologies, especially in developing countries. It caters to the fast-food sector and aligns with Western culture's preference for convenient and nutritious options. As disposable incomes rise, so does the demand for cornmeal-based products. Food and beverage manufacturers are increasingly using cornmeal in baked goods as a healthier alternative to wheat flour, given its lower carbohydrate, sugar, and fat content. Market growth is further propelled by trade regulations, import-export dynamics, and value chain optimization. Domestic market players are focusing on product approvals, launches, geographic expansions, and technological innovations to capture a larger share of the market.

Major Market Trends

A key factor shaping the market is the increasing awareness about gluten-free products. The growing awareness about celiac disease due to the consumption of grains such as wheat, rye, and barley has increased the demand for non-gluten or gluten-free products. In addition, as it is gluten-free, there is a significant rise in its demand.

Moreover, celiac disease causes bloating of the small intestine, headache, constipation, diarrhea, and weight loss. In addition, gluten sensitivity is found to aggravate digestive issues, cause inflammation of the small intestine, lead to attention deficit hyperactivity disorder (ADHD), and mitigate healthy brain function. As a result, consumers have started avoiding foods containing gluten, and the gluten-free food market is growing with perceptions rising about healthy foods. Hence, such factors drive the market during the forecast period.

Significant Market Challenge 

Exposure of corn crops to climate change is one of the key challenges hindering the market. Changing climatic conditions, including heatwaves and unpredictable rainfall, affect the growth of corn plants and minimize crop yields. The market in the US is highly reliant on the production of corn crops.

Moreover, reduced corn yields due to changing climatic conditions can adversely impact the market. In addition, the US faces water shortages due to changing climatic conditions. Furthermore, an increase in heat, drought, and solar radiation will have negative effects on corn yield. As a result, low yields can be expected in areas that are getting hotter and drier. Hence, such factors are hindering the market during the forecast period.

US Cornmeal Market Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Key Offering - Anson Mills: The company offers cornmeal such as classic coarse sweet white cornmeal.
• Key Offering - Associated British Foods Plc: The company offers cornmeal such as Karo corn meal.
• Key Offering - Bobs Red Mill Natural Foods Inc: The company offers cornmeal such as Bobs Red Mill medium grind corn meal.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• Archer Daniels Midland Co.
• Bunge Ltd.
• C.H. Guenther and Son Inc.
• Cargill Inc.
• Continental Mills Inc.
• Dover Corn Products Ltd.
• General Mills Inc.
• Goya Foods Inc.
• Grain Millers Inc.
• Gruma SAB de CV
• Hometown Food Co.
• LifeLine Foods LLC
• Nunn Milling Co.
• PepsiCo Inc.
• SEMO Milling LLC
• The Kroger Co.
• The Raymond Hadley Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Type Outlook
  • White cornmeal
  • Yellow cornmeal
  • Blue cornmeal
• Product Outlook
  • Conventional
  • Organic
• End-user Outlook
  • Industrial
  • Retail
  • Foodservice

Market Analyst Overview

The market is influenced by its versatility in various cuisines, including North American and Italian American dishes. Cornmeal is a staple in dishes like cornbread, corn muffins, and polenta, offering a rich source of carbohydrates. Its organic segment caters to health-conscious consumers, emphasizing healthy lifestyle choices. The market sees demand from B2B and B2C distribution channels, serving both food coating industries and home cooks. Importantly, maize production and carbohydrate content play crucial roles in determining market share and production analysis, while vitamins like magnesium and thiamine add to their nutritional profile.

Furthermore, the market caters to a wide range of industries and consumers. With growing concerns about cardiovascular disease and sugar content, consumers are seeking healthier alternatives. The market is influenced by import-export analysis and market regulations, ensuring quality and safety. In North American cuisine, cornmeal is a versatile ingredient, used in dishes like grits, Southern-style cornbread, and corn grits. It also finds applications in Sablé cookies, tempura batter, and animal feed. The B2B and B2C distribution channels play crucial roles in reaching consumers. Additionally, the stone-ground segment emphasizes quality, offering germ-free and stain-free products for various culinary needs.

US Cornmeal Market Scope
Report Coverage	Details
Page number	139
Base year	2022
Historic period	2017 - 2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.05%
Market growth 2023-2027	USD 39.64 million
Market structure	Fragmented
YoY growth 2022-2023(%)	2.77
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Anson Mills, Archer Daniels Midland Co., Associated British Foods Plc, Bobs Red Mill Natural Foods Inc., Bunge Ltd., C.H. Guenther and Son Inc., Cargill Inc., Continental Mills Inc., Dover Corn Products Ltd., General Mills Inc., Goya Foods Inc., Grain Millers Inc., Gruma SAB de CV, Hometown Food Co., LifeLine Foods LLC, Nunn Milling Co., PepsiCo Inc., SEMO Milling LLC, The Kroger Co., and The Raymond Hadley Corp.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market  Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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