US Cornmeal Market Size 2024-2028

The US Cornmeal Market size is projected to increase by USD 42.8 million at a CAGR of 3.2% between 2023 and 2028. 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.

Market Overview

The market shows an accelerated CAGR during the forecast period.

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Market Segmentation

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 123.70 million in 2018.

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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

Cornmeal is a versatile and widely consumed staple food derived from dried, ground corn. It is a key ingredient in various culinary applications, particularly in bakery products such as polenta, tortillas, and cornbread. The fiber content in cornmeal makes it an essential component in a healthy diet, providing essential minerals like manganese, copper, zinc, phosphorus, magnesium, and iron. Two common methods for producing cornmeal are stone ground and steel milling. Stone ground cornmeal is known for its distinct flavor and texture, while steel milled cornmeal is more common and widely available. Cornmeal can be used to make a variety of dishes, including Form Corn Grits, Corn Flour, and Grits. Bakery applications are a significant market for cornmeal, with polenta, tortillas, and cornbread being popular choices. Household consumption is also high, with cornmeal being used as a base for many dishes and as a breading for various meats and vegetables. The health benefits of cornmeal, including its high carbohydrate content and fiber, make it a popular choice for individuals with dietary restrictions, such as those with atherosclerosis. Additionally, cornmeal can be used to make breadcrumbs and other food products. The cornmeal market is fragmented, with many unorganized players competing in the market. Despite this, the market is expected to grow due to the increasing demand for healthy and convenient food options. The market is also driven by the versatility of cornmeal and its use in various applications, from bakery products to household staples.

Key Market Driver

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.

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.

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

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

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Market Analyst Overview

Cornmeal is a versatile and widely used food ingredient, derived from dried and ground corn kernels. It holds a significant place in various culinary applications, particularly in the bakery industry. The primary uses of cornmeal include bakery applications such as Polenta, Tortillas, Cornbread, and Grits. The fiber content in cornmeal makes it a popular choice for those seeking health benefits. Two common methods of milling cornmeal are stone ground and steel milling. Stone ground cornmeal is known for its distinct flavor and texture, while steel milled cornmeal offers a finer texture. Cornmeal is also used in the production of breadings, batters, coatings, and even in cereals, chips, and gourmet food items. Household consumption of cornmeal is substantial, with metric tons used annually. Cornmeal finds extensive use in the baking industry, including in the production of sugar, breadings, batters, and coatings for various dishes.

Moreover, hoteliers and chefs also use cornmeal in their establishments for making breadcrumbs, gourmet food items, and traditional food products. Cornmeal is not only a staple in the food industry but also holds health benefits. Whole grain cornmeal is rich in carbohydrates, proteins, fiber, and essential nutrients, making it a popular choice among health-conscious consumers. Gluten-free products made from cornmeal cater to the needs of individuals with specific dietary requirements.

Further, the market is expected to grow due to the increasing demand for clean label products and the rise in popularity of traditional food products among millennials. Organic grain farmers are also entering the market to cater to the growing demand for organic and healthier food options. Cornmeal's health benefits, versatility, and wide range of applications make it an essential ingredient in various food industries. From baking to traditional food production, cornmeal continues to be a staple in the food industry, with whole corn, bolted, degerminated, and self-rising varieties catering to diverse consumer preferences. Cornmeal's role in the food industry extends beyond just being an ingredient, as it is also used in the production of grain alcohol and various other food products.

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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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