The Corn Grit Market size was USD 834.5 million in 2022 and is expected to Reach USD 1290.4 million by 2030 and grow at a CAGR of 5.6% over the forecast period of 2023-2030.
The rise in demand for corn grit in the food and beverage sector is what is fueling the market's expansion. Many different food items, including grits, cornbread, tortillas, and snacks, include corn grit. The market for corn grit is predicted to expand as a result of the rising demand for gluten-free food items. Based on type, the corn grit is segmented as Yellow Corn Grits, purple Corn Grits, and White Corn Grits. By application, the food industry holds a largest segment in 2022.
The market is also anticipated to expand as a result of the rising demand for corn grit from the animal feed industry. Animals can get plenty of protein and energy from corn grit. It is also anticipated that increased disposable income among consumers in developing nations will accelerate market expansion.
KEY DRIVERS
Rising awareness of the potential health benefits of corn
Grits made from corn are high in complex carbs, fiber, vitamins, and minerals. They are also gluten-free, making them a popular option for persons suffering from celiac disease or gluten intolerance. Reduced risk of heart disease is one of the specific health benefits of corn grits because corn grits are a good source of dietary fiber, which can help to lower cholesterol levels. It Reduces the risk of cancer, Improves digestion, and many other benefits. Corn grit producers can profit from the increased awareness of corn's health benefits by promoting their goods' health benefits and producing new products that are targeted to the needs of health-conscious consumers.
RESTRAIN
Competition from other grains
Quinoa is a complete protein, which means it includes all nine essential amino acids that the body cannot synthesize. It is also high in dietary fiber, iron, and magnesium. Millet is high in protein and fiber, as well as iron and calcium. Chia seeds contain protein, fiber, omega-3 fatty acids, and calcium. These grains are frequently regarded as more nutritious and healthier than corn grits. They are also frequently more expensive, making them a less appealing option for consumers on a tight budget. Overall, the popularity of other grains such as quinoa, millet, and chia is posing a challenge to the corn grit business.
OPPORTUNITY
Increasing demand for corn grit in ethnic cuisines
Corn grits are a versatile ingredient that can be used in a variety of dishes, from breakfast cereals to snacks to main courses. They are also gluten-free, making them a popular choice for people with celiac disease or gluten intolerance. There are a number of ways to promote corn grits in various culinary applications around the world. One way is to develop new recipes that incorporate corn grits into traditional dishes from other cultures. For example, corn grits could be used to make a gluten-free version of tamales or a corn grit risotto. corn grits can be introduced into Asian cuisine, Mediterranean cuisine, Indian cuisine, and Mexican cuisine beyond traditional ones. With the globalization of cuisines, there is an opportunity to promote corn grits in various culinary applications around the world, introducing them to dishes beyond traditional ones.
CHALLENGES
Fluctuation in prices of corn
When the price of corn rises, the price of corn grits may rise as well. This may make corn grits more expensive for customers. Furthermore, when corn prices are variable, it might be difficult for corn grit manufacturers to manage their production and pricing.
The Russian invasion of Ukraine has caused major food commodity prices to rise. Corn prices grew by 17.8% in the mid-2022 period. Furthermore, Ukraine and Russia are major producers of wheat, corn, barley, and sunflower oil. maize production and exports from both countries have been hampered by the war, resulting in increased maize prices and a decrease in corn supplies. Corn exports have also suffered as a result of the war. Global corn shipments are predicted to fall 5.7% in 2022 compared to the previous year, according to the USDA. The war in Ukraine has also contributed significantly to this reduction.
Disruptions in supply chains caused by the Russia-Ukraine war, followed by the recession have had an impact on the market for corn grit. The cost of almost every agricultural product, including corn, might increase. The average price of grain in the US has increased by more than 30% since the start of the war in Ukraine. The USDA projects that global corn production will decrease by 1.7% from 2022. This disruption of corn grit production and exports is likely to increase in prices of corn. This will continue to have a negative impact on the corn grit market, as corn grit producers will continue to face higher costs and difficulty obtaining the corn grit they need.
By Type
Yellow Corn Grits
Purple corn Grits
White Corn Grits
By Distribution Channel
Direct Sales
Distributor
Online Retailers
Supermarkets/Hypermarkets
Specialty Stores
By Application
Food Industry
Breakfast Cereals
Baking
Snacks
Beverage Industry
Animal Feed
Other
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North America dominates the market for corn grit with a market share of more than 30% in 2022. This growth is attributed to the rising demand for gluten-free goods and the strong demand for corn grit in the food and beverage industry. The largest market in this area is the United States. In industrialized economies like the United States and Canada, the demand for corn grits is being driven by the rising awareness of the health advantages of corn.
Asia Pacific is the fastest-growing market for corn grit with a CAGR of more than 5% in the upcoming period. This expansion is being driven by rising demand for corn grit in the food and beverage industries, as well as the region's growing population. This region's primary markets are China and India. It is also driving corn grit demand in emerging economies such as India and China.
Europe has a significant market for corn grit with a CAGR of more than 4% during the forecast period. The demand for corn grit in the food and beverage business is rising, and consumer health consciousness is rising, both of which are driving this rise. The three biggest markets in this area are France, Germany, and the United Kingdom.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Corn Grit Market are Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Bunge Limited, Tate & Lyle PLC, Semo Milling, Didion Milling, The Andersons, Inc., Agrana Beteiligungs-AG, LifeLine Foods, Hodgson Mill, and other key players.
In 2023, Hodgson Mill, a top producer of corn grits and other whole grain goods, was purchased by Bob's Red Mill Natural Foods. With this transaction, Bob's Red Mill's retail presence significantly increased.
In 2022, Archer Daniels Midland purchased AGT Food & Ingredients, a Canadian producer of corn grits along with other agricultural commodities. ADM became the world's largest maize processor as a result of this transaction.
In 2021, Honeyville Products, a top producer of corn grits and other culinary components, was purchased by Cargill. With this transaction, Cargill gained a significant footing in the expanding gluten-free sector.
| Report Attributes | Details |
| Market Size in 2022 | US$ 834.5 Million |
| Market Size by 2030 | US$ 1290.4 Million |
| CAGR | CAGR of 5.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Yellow Corn Grits, purple Corn Grits, White Corn Grits) • By Distribution Channel (Distributor, Direct Sales, Online Retailers, Supermarkets/Hypermarkets, Specialty Stores) • By Application (Food, Beverage, Breakfast Cereals, Baking, Snacks, Animal Feed, Other Industrial Uses) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Bunge Limited, Tate & Lyle PLC, Semo Milling, Didion Milling, The Andersons, Inc., Agrana Beteiligungs-AG, LifeLine Foods, Hodgson Mill |
| Key Drivers | • Rising awareness of the potential health benefits of corn |
| Market Restrain | • Competition from other grains |
Ans: Corn Grit Market is anticipated to expand by 5.6% from 2023 to 2030.
Ans: USD 1290.44 million is expected to grow by 2030.
Ans: Increasing demand for corn grit in ethnic cuisines are opportunity for the Corn Grit Market.
Ans: Fluctuation in prices of corn grit challenges the Corn Grit Market.
Ans: The North American region dominate the Corn Grit Market in 2022
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Corn Grit Market Segmentation, By Type
8.1 Yellow Corn Grits
8.2 purple Corn Grits
8.3 White Corn Grits
9. Corn Grit Market Segmentation, By Source
9.1 Direct Sales
9.2 Distributor
9.3 Online Retailers
9.4 Supermarkets/Hypermarkets
9.5 Specialty Stores
10. Corn Grit Market Segmentation, By Application
10.1 Food Industry
10.2 Breakfast Cereals
10.3 Baking
10.4 Snacks
10.5 Beverage Industry
10.6 Animal Feed
10.7 Other
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Corn Grit Market by Country
11.2.2 North America Corn Grit Market by Type
11.2.3 North America Corn Grit Market by Source
11.2.4 North America Corn Grit Market by Application
11.2.5 USA
11.2.5.1 USA Corn Grit Market by Type
11.2.5.2 USA Corn Grit Market by Source
11.2.5.3 USA Corn Grit Market by Application
11.2.6 Canada
11.2.6.1 Canada Corn Grit Market by Type
11.2.6.2 Canada Corn Grit Market by Source
11.2.6.3 Canada Corn Grit Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Corn Grit Market by Type
11.2.7.2 Mexico Corn Grit Market by Source
11.2.7.3 Mexico Corn Grit Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Corn Grit Market by Country
11.3.1.2 Eastern Europe Corn Grit Market by Type
11.3.1.3 Eastern Europe Corn Grit Market by Source
11.3.1.4 Eastern Europe Corn Grit Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Corn Grit Market by Type
11.3.1.5.2 Poland Corn Grit Market by Source
11.3.1.5.3 Poland Corn Grit Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Corn Grit Market by Type
11.3.1.6.2 Romania Corn Grit Market by Source
11.3.1.6.4 Romania Corn Grit Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Corn Grit Market by Type
11.3.1.7.2 Turkey Corn Grit Market by Source
11.3.1.7.3 Turkey Corn Grit Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Corn Grit Market by Type
11.3.1.8.2 Rest of Eastern Europe Corn Grit Market by Source
11.3.1.8.3 Rest of Eastern Europe Corn Grit Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Corn Grit Market by Type
11.3.2.2 Western Europe Corn Grit Market by Source
11.3.2.3 Western Europe Corn Grit Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Corn Grit Market by Type
11.3.2.4.2 Germany Corn Grit Market by Source
11.3.2.4.3 Germany Corn Grit Market by Application
11.3.2.5 France
11.3.2.5.1 France Corn Grit Market by Type
11.3.2.5.2 France Corn Grit Market by Source
11.3.2.5.3 France Corn Grit Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Corn Grit Market by Type
11.3.2.6.2 UK Corn Grit Market by Source
11.3.2.6.3 UK Corn Grit Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Corn Grit Market by Type
11.3.2.7.2 Italy Corn Grit Market by Source
11.3.2.7.3 Italy Corn Grit Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Corn Grit Market by Type
11.3.2.8.2 Spain Corn Grit Market by Source
11.3.2.8.3 Spain Corn Grit Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Corn Grit Market by Type
11.3.2.9.2 Netherlands Corn Grit Market by Source
11.3.2.9.3 Netherlands Corn Grit Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Corn Grit Market by Type
11.3.2.10.2 Switzerland Corn Grit Market by Source
11.3.2.10.3 Switzerland Corn Grit Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Corn Grit Market by Type
11.3.2.11.3 Austria Corn Grit Market by Source
11.3.2.11.4 Austria Corn Grit Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Corn Grit Market by Type
11.3.2.12.2 Rest of Western Europe Corn Grit Market by Source
11.3.2.12.3 Rest of Western Europe Corn Grit Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Corn Grit Market by Country
11.4.2 Asia-Pacific Corn Grit Market by Type
11.4.3 Asia-Pacific Corn Grit Market by Source
11.4.4 Asia-Pacific Corn Grit Market by Application
11.4.5 China
11.4.5.1 China Corn Grit Market by Type
11.4.5.2 China Corn Grit Market by Application
11.4.5.3 China Corn Grit Market by Source
11.4.6 India
11.4.6.1 India Corn Grit Market by Type
11.4.6.2 India Corn Grit Market by Source
11.4.6.3 India Corn Grit Market by Application
11.4.7 Japan
11.4.7.1 Japan Corn Grit Market by Type
11.4.7.2 Japan Corn Grit Market by Source
11.4.7.3 Japan Corn Grit Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Corn Grit Market by Type
11.4.8.2 South Korea Corn Grit Market by Source
11.4.8.3 South Korea Corn Grit Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Corn Grit Market by Type
11.4.9.2 Vietnam Corn Grit Market by Source
11.4.9.3 Vietnam Corn Grit Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Corn Grit Market by Type
11.4.10.2 Singapore Corn Grit Market by Source
11.4.10.3 Singapore Corn Grit Market by Application
11.4.11 Australia
11.4.11.1 Australia Corn Grit Market by Type
11.4.11.2 Australia Corn Grit Market by Source
11.4.11.3 Australia Corn Grit Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Corn Grit Market by Type
11.4.12.2 Rest of Asia-Pacific Corn Grit Market by Source
11.4.12.3 Rest of Asia-Pacific Corn Grit Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Corn Grit Market by Country
11.5.1.2 Middle East Corn Grit Market by Type
11.5.1.3 Middle East Corn Grit Market by Source
11.5.1.4 Middle East Corn Grit Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Corn Grit Market by Type
11.5.1.5.2 UAE Corn Grit Market by Source
11.5.1.5.3 UAE Corn Grit Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Corn Grit Market by Type
11.5.1.6.2 Egypt Corn Grit Market by Source
11.5.1.6.3 Egypt Corn Grit Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Corn Grit Market by Type
11.5.1.7.2 Saudi Arabia Corn Grit Market by Source
11.5.1.7.3 Saudi Arabia Corn Grit Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Corn Grit Market by Type
11.5.1.8.2 Qatar Corn Grit Market by Source
11.5.1.8.3 Qatar Corn Grit Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Corn Grit Market by Type
11.5.1.9.2 Rest of Middle East Corn Grit Market by Source
11.5.1.9.3 Rest of Middle East Corn Grit Market by Application
11.5.2 Africa
11.5.2.1 Africa Corn Grit Market by Country
11.5.2.2 Africa Corn Grit Market by Type
11.5.2.3 Africa Corn Grit Market by Source
11.5.2.4 Africa Corn Grit Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Corn Grit Market by Type
11.5.2.5.2 Nigeria Corn Grit Market by Source
11.5.2.5.3 Nigeria Corn Grit Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Corn Grit Market by Type
11.5.2.6.2 South Africa Corn Grit Market by Source
11.5.2.6.3 South Africa Corn Grit Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Corn Grit Market by Type
11.5.2.7.2 Rest of Africa Corn Grit Market by Source
11.5.2.7.3 Rest of Africa Corn Grit Market by Application
11.6 Latin America
11.6.1 Latin America Corn Grit Market by Country
11.6.2 Latin America Corn Grit Market by Type
11.6.3 Latin America Corn Grit Market by Source
11.6.4 Latin America Corn Grit Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Corn Grit Market by Type
11.6.5.2 Brazil Corn Grit Market by Source
11.6.5.3 Brazil Corn Grit Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Corn Grit Market by Type
11.6.6.2 Argentina Corn Grit Market by Source
11.6.6.3 Argentina Corn Grit Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Corn Grit Market by Type
11.6.7.2 Colombia Corn Grit Market by Source
11.6.7.3 Colombia Corn Grit Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Corn Grit Market by Type
11.6.8.2 Rest of Latin America Corn Grit Market by Source
11.6.8.3 Rest of Latin America Corn Grit Market by Application
12. Company profile
12.1 Cargill Incorporated
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Archer Daniels Midland Company
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Tate & Lyle PLC
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Ingredion Incorporated
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Bunge Limited
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Didion Milling
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Semo Milling
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Agrana Beteiligungs-AG
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 LifeLine Foods
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 The Andersons, Inc.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Hodgson Mill
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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