Global Maize Market Size, Share, Opportunities, And Trends By Product (Lint, Cottonseed), By Application (Food and Beverage, Animal feed, Pharmaceutical, Consumer Goods, Paper and Pulp, Textile), And By Geography - Forecasts From 2023 To 2028

The global maize market is projected to show steady growth during the forecast period.

The most significant crop according to hybrid breeding is maize. More cereals are in demand as a result of the expanding meat industry, particularly maize, and soybean, which are both excellent sources of protein for feeding animals. The cultivation of maize has expanded around the world because it is a type of annual plant with a high productivity rate and the extraordinary key quality of regional adaptation. In terms of total crop output, maize ranks third, and it is increasingly the most widely planted crop worldwide. Although being one of the most important crops, only a small portion of maize is consumed by people; instead, it is mostly used as animal feed. In the chemical, pharmaceutical, culinary, and animal feed industries, maize has a wide range of uses.

More than 95% of all feed grain production and consumption in the US is accounted for by corn. It accounts for 39% of the world's grain production and is planted on over 190 million hectares in roughly 165 nations with a broad variety of management techniques. The grain is largely utilized for livestock and feed. The area per corn farm has expanded recently, despite a fall in the number of cornfield farms.

Plants with high starch or sugar content are fermented to create ethanol, which may be used in place of gasoline and diesel fuel right away. Given its high starch content, maize is the primary source of ethanol. The market is expanding as a result of the increased use of maize in the manufacturing of biofuels. Although maize is a fantastic source of protein and delicious food, consuming it excessively may also lead to health issues and difficulties, including allergic responses, bloating, and gas, and is dangerous for diabetic individuals.

The market is anticipated to rise as a result of increased urea production, increased feed consumption, and widespread usage of corn-based biofuels. A massive shift in consumer preferences towards more protein-rich foods and diets has also been brought on by rising health consciousness in both developed and developing nations. This has increased demand for all kinds of feed grains, including maize, and is fueling the expansion of the global maize market.

An increase in the need for sources of animal protein

Global livestock consumption has increased as a result of urbanization, growing affluence in emerging countries, and population expansion. The consumption of milk, meat, and eggs, which is rising at the cost of staple foods, has been proven to be closely connected with income levels and population increase. Hence, to fulfil the growing demand for meat and high-value animal protein, pressure on the livestock business has increased over the past several years. For instance, to increase milk output, dairy producers in India are progressively substituting crossbred cows and buffaloes for native, low-yielding dairy bovine breeds. One of the main components of practically all forms of compound feed for animals, including ruminants, poultry, swine, and aquaculture, is maize. Hence, the worldwide trade and market for maize are projected to be driven by the rising need for sources of animal-based protein.

The growing interest in products derived from maize as alternatives to conventional snacks.

Businesses that offer a healthy breakfast plan made up of ready-to-eat goods have dramatically increased due to consumer desire. There has also been a move towards healthier diets to lower cholesterol and manage blood sugar levels. This has led to a rise in the demand for maize. They also use maize to cover meals in their homes and eateries. A rising number of fast food restaurants are including maize on their menus.

North America is projected to be the prominent market shareholder in the maize market globally and is anticipated to continue throughout the forecast period.

Due to the huge output of maize crops and their use as animal feed, North America is anticipated to have the largest market for maize, followed by Asia-Pacific. The majority of the region's maize consumption, followed by sorghum and wheat, serves as the primary energy component for animal feed. Cereals, alcohol, sweeteners, and byproduct feed are just a few of the numerous culinary and commercial items that are processed using maize.

Nevertheless, corn continues to be Mexico's principal crop. Changes in dietary habits and rising costs for proteins derived from animals are to blame for this rise in feed. The demand for maize is anticipated to increase throughout the forecast period due to the increase in the utilization of maize in a variety of applications.

Market Key Developments

• In January 2023, a company that is a pioneer in the origination and processing of agricultural products today announced the release of a new agricultural biostimulant that increases maize yields by increasing nutrient utilization effectiveness. In multiyear studies conducted at the University of Illinois at Urbana-Champaign, the NeoVitaTM 43 biostimulant boosted corn yields by up to seven bushels per acre when combined with liquid starting fertilizer.
• In August 2022, Satake finished installing and commissioning a turnkey REACH SYSTEM 3.0 (Processing capacity: 3t/hour/paddy) rice mill for Kipa? Holding, Republic of Turkey, through its European division and local distributor Depart.

Global Maize Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Product, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Sayaji Maize Products, Bunge Limited, Archer Daniel Midland Company, Dow, Satake Corporation, Limagrain Group Holding, Bayer AG, Louis Dreyfus Company
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Product
  • Lint
  • Cottonseed
• By Application
  • Food and Beverage
  • Animal feed
  • Pharmaceutical
  • Consumer Goods
  • Paper and Pulp
  • Textile
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL MAIZE MARKET ANALYSIS, BY PRODUCT

5.1. Introduction

5.2. Lint 

5.3. Cottonseed

6. GLOBAL MAIZE MARKET ANALYSIS, BY APPLICATION

6.1. Introduction

6.2. Food and Beverage

6.3. Animal feed

6.4. Pharmaceutical 

6.5. Consumer Goods

6.6. Paper and Pulp

6.7. Textile 

7. GLOBAL MAIZE MARKET ANALYSIS, BY GEOGRAPHY

7.1. Introduction

7.2. North America 

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America 

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe 

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain 

7.4.6. Others

7.5. Middle East and Africa 

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific 

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Australia 

7.6.6. Thailand

7.6.7. Indonesia 

7.6.8. Taiwan 

7.6.9. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Sayaji Maize Products 

9.2. Bunge Limited

9.3. Archer Daniel Midland Company

9.4. Dow

9.5. Satake Corporation

9.6. Limagrain Group Holding

9.7. Bayer AG

9.8. Louis Dreyfus Company

Sayaji Maize Products

Bunge Limited

Archer Daniel Midland Company

Dow

Satake Corporation

Limagrain Group Holding

Bayer AG

Louis Dreyfus Company