Maize Market Size Was Valued at USD 143.62 Billion in 2023 and is Projected to Reach USD 204.77 Billion by 2032, Growing at a CAGR of 4.02% From 2024-2032.
Maize is an vital cereal crop that is widely used for meals, feed, and business products. It is wealthy in carbohydrates, vitamins, and minerals. It is likewise used to produce ethanol, a biofuel used as an alternative for gasoline. Maize comes in various varieties and every variety has its unique characteristics and makes use of. Maize is used in numerous food merchandise such as in snacks, breakfasts, and toddler ingredients and also as a sweetener inside the shape of corn syrup. It is used as an animal feed, mainly for fowl, swine, and ruminants because of carbohydrates and protein. This makes it an cheap and nutritious feed source. Maize is likewise used in the manufacturing of ethanol or biofuel that is used as an alternative supply of gasoline. This is much less dangerous to the environment than fossil fuels.
In the production of paper, textiles, and adhesives, maize starch is used, and inside the manufacturing of soap, paint, and varnish, maize oil is used. Due to its rich antioxidants and nutrition content material, used as a raw cloth inside the manufacturing of diverse pharmaceutical products together with a binding agent in the production of pills and tablets. The bioplastic made from maize starch is used within the manufacturing of disposable gadgets such as bags, cups, and cutlery.
Major Key Players Mentioned in this Premium Report
- Archer Daniels Midland Company (USA)
- Cargill, Incorporated (USA)
- Land O'Lakes, Inc. (USA)
- Monsanto Company (USA)
- Nufarm Limited (Australia)
- Pioneer Hi-Bred International, Inc. (USA)
- Rallis India Limited (India)
- S&W Seed Company (USA)
- Sinochem Group Co., Ltd. (China)
- Sumitomo Chemical Co., Ltd. (Japan)
- Syngenta AG (Switzerland)
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Maize Market Trend Analysis
Increasing Demand In The Feed Industry
Maize is exceedingly valued as animal feed due to its huge dietary content together with excessive content of starch, protein, and essential amino acids. This makes it an first rate electricity supply for farm animals. The protein content in maize promotes the increase and development of animals. It is a price-effective choice in comparison to other feed alternatives.
Maize is widely cultivated globally making it effortlessly and regularly to be had. Its enormous availability, huge-scale manufacturing, and comparatively lower production expenses make it a nutritious and affordable alternative. It can be used as whole kernels, cracked maize, floor maize, or processed into diverse maize-based totally products. The global call for for livestock merchandise calls for a steady and good enough supply of nutritious feed. For this, maize is a higher choice aligned with necessities. Maize feed has been determined to improve the quality of meat products. Maize residues may be applied for animal feed or bioenergy manufacturing, reducing waste and maximizing resource usage.
Learn more about key segments shaping this market
By Type
- Sweet Maize
- Popcorn Maize
- Field Maize
- Flour Maize
By Application
- Food and Beverage
- Animal Feed
- Ethanol Production
- Personal Care
By End-user
- Food and Beverage Industry
- Animal Feed Industry
- Ethanol Production Industry
- Pharmaceutical and Personal Care Industry
By Distribution Channel
- Retail Stores
- Supermarkets
- Wholesale Distributors
- Online Stores
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Opportunity
Increasing Demand for Organic Food Products
With developing cognizance about the ability health blessings of natural meals, more clients are actively in search of organic options. Maize is a versatile crop utilized in diverse meals merchandise consisting of natural corn flour, cornmeal, corn oil, and corn-based snacks. These numerous merchandise can cater to the growing demand for organic options in specific food categories. This creates an opportunity for farmers to distinguish their merchandise and command better expenses and collect higher income.
There is a excessive market capability for exporting organic maize and maize-primarily based products to international locations with a excessive call for for natural imports. Any governments have carried out policies and guidelines to sell organic farming and intake assisting farmers thru incentives and steering concerning natural farming.Geographic Coverage
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
North America is certainly one of the most important manufacturers of maize inside the global. The location's high production potential guarantees a regular supply of maize. The climatic conditions, agricultural conditions, and advanced technology ordinary make contributions to the high production and cultivation of maize. Maize is a primary factor in animal feed formulations and there may be a huge demand for maize as a feed. The location has a well-established biofuel enterprise that demands maize as it's miles a key ingredient on this industry.
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The following chart shows the global cultivated area, yield and production of maize in year 2021-22 and 2022-23.
|
Global Area, Yield, And Production Of Maize |
||
|
|
2021-2022 |
2022-2023 |
|
Area (Million hectares) |
206.15 |
200.45 |
|
Yield (Metric tons per hectare) |
5.90 |
5.78 |
|
Production (Million metric tons) |
1,216.13 |
1,157.74 |
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