Expanded Corn Powder Market Valued at Approximately $34.6 Billion by 2034, Projected 7.3% Yearly Growth Rate
The global corn powder market is on an upward trajectory, with projections estimating it to reach approximately USD 34.6 billion by 2034. This growth is expected to be driven by a compound annual growth rate (CAGR) of 7.3% during the forecast period of 2025–2034 [1].
India, in particular, is set to witness significant growth in the corn powder market. Factors driving this expansion include the versatile uses of corn powder in food and beverage applications, such as baking mixes, snack coatings, breakfast cereals, and as thickening agents, which boosts demand [1].
Another key factor is the animal feed industry. In developing countries like India, cost-effective and energy-rich feed ingredients are essential. Yellow corn powder, which holds nearly half the market share, is commonly used in poultry and livestock feed, supporting market expansion in India [1].
The growth of the processed food industry in India also fuels higher consumption of corn-based products. With rising consumer demand and industrialization, the consumption of corn-derived products is expected to increase [5].
Industrial starch demand is another growth driver. Corn starch, an important component of corn powder, is a key ingredient in food, biofuels, and biodegradable materials industries—sectors expanding rapidly in Asia-Pacific including India [5].
In the 2024/25 season, India's corn production surged to 42.28 million metric tons, a 15% increase from the previous year. This surge in production has led to increased consumption in poultry, starch, pharmaceutical, and personal care industries, driving demand for corn powder concentrates [1].
India's push for a 20% ethanol blend in gasoline by 2025-26 has also boosted corn demand. In 2024, 3.5 million tons of corn produced 1.35 billion liters of ethanol in India [1].
The versatility of corn powder spans across food, feed, pharmaceutical, cosmetic, and industrial sectors, aligning with consumer trends toward health-conscious and sustainable products.
In 2024, several industry giants made significant strides in the corn powder market. BASF SE introduced a new line of bio-based corn starch powders for food and industrial applications, emphasizing reduced carbon footprint [1].
Bonn Group expanded its non-GMO corn powder production, investing in advanced milling technology to improve purity and consistency, and emphasizing traceability through blockchain-based sourcing transparency [1].
Cargill Inc. launched organic corn flour and powder under its Truvia and EverSweet brands, and introduced a low-moisture corn powder for bakery and confectionery, enhancing dough stability [1].
Grain Millers enhanced its organic corn powder production with a new facility in Minnesota, focusing on non-GMO and identity-preserved (IP) corn, and partnering with food brands to develop high-fiber corn powders for nutritional snacks [1].
To stabilize supply and control prices, India allowed 500,000 tons of corn imports under concessional duty in mid-2024 [1]. In January 2024, India revised its ethanol procurement policy, prioritizing corn over sugarcane to meet the 20% ethanol blending goal by 2025-26 [1].
The corn powder market is poised for steady growth due to expanding applications and rising global corn production, offering opportunities for innovation and market expansion. North America led the market with a 46.3% share and generated USD 7.9 billion in revenue in 2024 [1].
Crown Bakeries reformulated several lines using corn powder blends to reduce gluten content, launching corn-based muffin and cake mixes targeting the gluten-free market [1].
In conclusion, the global corn powder market is expected to reach USD 34.6 billion by 2034, driven by various factors including the growth of the processed food industry, increasing use in animal feeds, and industrial demand for corn-derived starches, all contributing to the projected strong expansion of the market.
Sports enthusiasts might find opportunities in the booming corn powder market, as the increased production in India supports not only food and beverage industries but also the animal feed industry, which uses yellow corn powder in poultry and livestock feed. Moreover, as the consumption of corn-derived products rises due to industrialization, it could potentially impact the production and supply of sports nutrition products that often contain corn-based ingredients.
