Asia-Pacific Maize Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 27.52 Billion |
| Market Size (2029) | USD 33.97 Billion |
| CAGR (2024 - 2029) | 4.30 % |
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Asia-Pacific Maize Market Analysis
The Asia Pacific Maize Market size is estimated at USD 27.52 billion in 2024, and is expected to reach USD 33.97 billion by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).
The maize acreage has increased continuously over the last decade due to strong government-supported policies to achieve self-sufficiency through domestic production and reducing imports. The rapid increase in the livestock industry and the commercial animal feed sector is driving the market for maize in the region.
Asia-Pacific Maize Market Trends
This section covers the major market trends shaping the APAC Maize Market according to our research experts:
Increasing Demand for Maize as Animal Feed Protein Source
The rapidly increasing demand from the regional poultry and cattle industry, as well as commercial animal feed, is driving the market growth for corn in the region. In India, most of the commercial feed caters to poultry and aqua farms, where maize is one of the primary ingredients in their animal feed. In China, maize is predominantly used for animal feed. The rapid increase in the demand for China's livestock products in the region and across the world has further stimulated the growth of the commercial feed industry, where corn is used as one of the major animal feed protein source. According to FAO, in 2018, the total meat production in the country was reported to be 88.15 million metric ton ,as compared to its production of 86.77 million metric ton in 2016. With an increase in the demand for corn in the regional animal feed industry, the market for corn is projected to grow during the forecast period.
Favorable Government Policies Supporting the Market Growth
Corn is one of the major crops grown in Asia-Pacific. China, India, Indonesia, and the Philippines are the major producers of corn in the region. The increasing demand for maize in the livestock feed sector and human food consumption has resulted in a trade deficit and depends on imports to meets its demand. In order to achieve self-sufficiency, the regional governments are coming up with proactive policies that boost domestic corn production in the region. The Chinese government has adopted a direct payment corn subsidy policy by allocating USD 4.51 billion to farmers in four provinces in northeastern China. In India, the government is providing Minimum Support Prices (MSPs) to promote domestic corn production. With an increase in government policies supporting regional corn production, the market growth for corn is expected to increase during the forecast period.
Asia-Pacific Maize Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Value Chain/Supply Chain Analysis
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5. MARKET SEGMENTATION
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5.1 By Country
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5.1.1 India
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis (Volume and Value)
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5.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.5 Price Trend Analysis
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5.1.2 China
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5.1.2.1 Production Analysis
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5.1.2.2 Consumption Analysis (Volume and Value)
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5.1.2.3 Import Market Analysis (Volume and Value)
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5.1.2.4 Export Market Analysis (Volume and Value)
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5.1.2.5 Price Trend Analysis
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5.1.3 Indonesia
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5.1.3.1 Production Analysis
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5.1.3.2 Consumption Analysis (Volume and Value)
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5.1.3.3 Import Market Analysis (Volume and Value)
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5.1.3.4 Export Market Analysis (Volume and Value)
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5.1.3.5 Price Trend Analysis
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5.1.4 Philippines
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5.1.4.1 Production Analysis
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5.1.4.2 Consumption Analysis (Volume and Value)
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5.1.4.3 Import Market Analysis (Volume and Value)
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5.1.4.4 Export Market Analysis (Volume and Value)
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5.1.4.5 Price Trend Analysis
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5.1.5 Rest of Asia-Pacific
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5.1.5.1 Production Analysis
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5.1.5.2 Consumption Analysis (Volume and Value)
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5.1.5.3 Import Market Analysis (Volume and Value)
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5.1.5.4 Export Market Analysis (Volume and Value)
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5.1.5.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia-Pacific Maize Industry Segmentation
The report defines maize products, in terms of end users. For the purpose of this report, the market scope includes only maize or corns. The production, consumption, import, export, value chain, and pricing analysis have been provided for the Asia-Pacific maize market. The scope does not include maize seeds or maize seeds for sowing purposes. It includes only maize available for consumption purposes.
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Asia-Pacific Maize Market Research FAQs
How big is the Asia Pacific Maize Market?
The Asia Pacific Maize Market size is expected to reach USD 27.52 billion in 2024 and grow at a CAGR of 4.30% to reach USD 33.97 billion by 2029.
What is the current Asia Pacific Maize Market size?
In 2024, the Asia Pacific Maize Market size is expected to reach USD 27.52 billion.
What years does this Asia Pacific Maize Market cover, and what was the market size in 2023?
In 2023, the Asia Pacific Maize Market size was estimated at USD 26.39 billion. The report covers the Asia Pacific Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Corn Industry Report
Statistics for the 2024 APAC Corn market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Corn analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
