Organic Corn Market

According to Stratistics MRC, the Global Organic Corn Market is accounted for $1.92 billion in 2023 and is expected to reach $5.84 billion by 2030 growing at a CAGR of 17.2% during the forecast period. Organic farming is a relatively recent technique for growing crops. This technique uses methods such as crop rotation, companion planting and bone meals to instil essential nutrients within a crop. Crops by their nature are nutrient intensive and need to be grown with constant replenishment of soil health. Organic farming is a natural, sustainable way to do this. Organic corns are a product of this trend that has caught on social fascination as environmental and personal health demand reduction in the usage of chemicals.

According to the U.S. Department of Agriculture's (USDA) Survey, 2016, number of the US certified-organic farms increased by 11 % to 14,217 and number of certified-acres increased by 15 % to 5 Mn.

Market Dynamics:

Driver:

Increasing consumer demand

The organic corn market is mostly driven by rising consumer demand, which is also reshaping the agricultural landscape. There is a rising preference for organic goods, especially organic maize, as customers become more environmentally concerned and health-conscious. Consumers are looking for safer and more natural options due to the growing knowledge of the possible health dangers associated with conventional farming methods, such as the use of synthetic pesticides and genetically modified organisms (GMOs).

Restraint:

Climate change and weather events

The market for organic corn is severely constrained by climate change and meteorological phenomena, which also threaten market stability in general. Extreme weather events including droughts, floods, heat waves, and erratic rainfall patterns increase in frequency and intensity as the climate changes as a result of global warming. These unfavorable climatic conditions may have a severe impact on organic corn harvests, resulting in lower yields and lower-quality products.

Opportunity:

Premium pricing

Premium pricing presents a significant opportunity in the organic corn market, offering farmers and businesses higher profit margins and financial incentives to invest in organic corn cultivation. Compared to conventional corn, organic corn typically commands a premium price due to its distinct qualities and the additional costs associated with organic farming practices. Consumers are increasingly willing to pay a higher price for organic products, including organic corn, because of the perceived health and environmental benefits.

Threat:

Fraud and mislabelling

Fraud and mislabeling pose significant threats to the organic corn market, undermining consumer trust and confidence in the authenticity of organic products. With the increasing demand for organic foods and the premium prices they command, unscrupulous actors may attempt to take advantage of the situation by engaging in deceptive practices. This includes mislabeling non-organic corn as organic, mixing conventional corn with organic corn, or using misleading packaging and labeling to create a false perception of organic quality.

Covid-19 Impact:

The Covid-19 pandemic has had significant implications for the organic corn market, causing both challenges and opportunities. In the initial phases of the pandemic, disruptions to supply chains and logistics posed obstacles for organic corn farmers and exporters. Restrictions on movement and labor shortages hindered agricultural activities, affecting planting, harvesting, and transportation. Moreover, uncertainties in the market led to fluctuations in demand, impacting prices and trade volumes.

The animal feed segment is expected to be the largest during the forecast period

The animal feed segment held the largest share in the market as a nutritious and sustainable feed option, organic corn provides essential carbohydrates, proteins, and energy for livestock, poultry, and other animals, making it an ideal choice for farmers seeking to meet organic certification requirements and cater to the growing demand for organic animal products. However, Organic corn's appeal lies in its cultivation without synthetic pesticides, GMOs, or chemical fertilizers, ensuring a more natural and healthier feed source for animals. This aligns with consumers' preferences for organic and environmentally conscious agricultural practices.

The organic yellow corn segment is expected to have the highest CAGR during the forecast period

During the projection period, the organic yellow corn segment is expected to have the greatest CAGR. Organic yellow corn has become popular as a staple meal in many cultures because of its advantages for health and its environmentally friendly farming methods. The absence of synthetic pesticides, genetically modified organisms, and chemical fertilizers make organic yellow corn appealing to consumers looking for wholesome and all-natural food options. Yellow organic maize is increasingly in demand on the organic corn market due to its wide use across numerous industries.

Region with largest share:

The North America region is estimated to witness the highest share of the global Organic Corn market during the forecast period reflecting the region's growing demand for organic and sustainable food products. Consumers in the United States, Canada, and Mexico are increasingly seeking healthier and more environmentally friendly food options, driving the popularity of organic corn. Organic corn is cultivated without synthetic pesticides, GMOs, or chemical fertilizers, making it a preferred choice among health-conscious individuals. Additionally, the region's robust organic farming infrastructure, coupled with favorable government regulations and consumer awareness, has contributed to the expansion of organic corn cultivation.

Region with highest CAGR:

The Asia Pacific region is expected to have the highest growth rate over the forecast period. As consumers become more health-conscious and environmentally aware, the demand for organic and natural food products has surged in the region. Organic corn, being free from synthetic pesticides, genetically modified organisms (GMOs), and chemical fertilizers, appeals to consumers seeking healthier and safer food options. Moreover, organic farming practices promote soil health, biodiversity, and sustainable agricultural systems, aligning with the region's growing focus on sustainable practices.

Key players in the market

Some of the key players in Organic Corn market include Albert Lea Seed, Anson Mills, Bradner Farms, Grain Millers, Inc., Johnny's Selected Seeds, La Milanaise, Scratch and Peck Feeds, SK Food International, SunOpta Inc. and Sunora Foods.

Key Developments:

In August 2022, La Milanaise Launched Organic Adzuki Beans Small and red, the Organic Adzuki bean are most commonly used in sweet dishes and as bean paste.

In January 2022, Anson Mills Launched Coarse White Grits With particles of corn ranging in size from 1/6 to 1/26 of an inch, Anson Mills coarse grits are produced from field ripened Carolina Gourdseed White or John Haulk Yellow dent mill corns, each prized historically for exceptional flavor and texture—and each, until recently, nearly extinct.

In December 2021, Albert Lea Seed launched its Organic Alfalfa is a tap-rooted, multi-cut, perennial forage legume. It is very productive, drought tolerant, widely adapted, and is the second most commonly planted forage legume in the world

Product Types Covered:
• Organic Yellow Corn
• Organic White Corn
• Organic Blue Corn
• Other Product Types

Types Covered:
• Fresh
• Dry
• Frozen

Forms Covered:
• Granules
• Flour
• Oil

Applications Covered:
• Food
• Beverage
• Animal Feed
• Cosmetics
• Pharmaceutical
• Biofuel
• Other Applications

End Users Covered:
• Direct Sales
• Indirect Sales

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances