Brazil Maize Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.80 % |
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Brazil Maize Market Analysis
The Brazilian maize market is projected to register a CAGR of 2.8% over the forecast period.
- Brazil is one of the largest agriculture-based economies in the world. With a population of 200 million, according to the FAO, Brazil is one of the major producers of maize. The country produced about 88,461,943 metric ton of maize in 2021. Most of the maize consumed in Brazil is used as the main energy ingredient for livestock feed, followed by sorghum and wheat. Maize is also used in processing a wide range of food and industrial products, including cereals, alcohol, sweeteners, etc., in the country.
- Maize is the most important crop based on hybrid breeding in Brazil. The growing meat industry is creating demand for more cereals, especially maize. It is highly nutritious in terms of protein used for feeding livestock. The use of maize as animal feed due to the country's high demand for meat products is driving the market. As per several studies, Brazil has increased its farm productivity very rapidly. The country was considered the fourth-largest exporter of maize in 2021, as per the ITC Trade Map.
- Hence, with the rising usage of maize in a wide range of applications and the growing exports of maize from the country, the maize market in Brazil is anticipated to grow over the forecast period.
Brazil Maize Market Trends
This section covers the major market trends shaping the Brazil Maize Market according to our research experts:
Increasing Demand for Animal-based Protein Sources
Population growth, rising incomes, and urbanization in the country have led to a surge in meat consumption. Consumption of animal protein is directly correlated to the consumption of milk, meat, and eggs, which is increasing as part of staple foods. The pressure on the livestock industry has intensified in recent years to meet the country's rising demand for meat and high-value animal protein.
Maize is one of the key ingredients of almost every type of compound feed for animals, such as ruminants, poultry swine, and aquaculture. Hence, the rising demand for animal-based protein sources in the country will likely drive the market for maize over the forecast. For instance, according to USDA data, 9,588 thousand metric tons of chicken was consumed in Brazil in 2018, which increased and reached 9,780 thousand metric tons in 2022.
Therefore, the growing demand for animal-based protein sources indirectly contributes to the growth of the maize market, as maize is one of the primary constituents of all types of feeds prepared for animals.
Growth in Exports is Driving the Maize Production
According to the FAO, Brazil's maize production and exports have undergone a tremendous boom over the past few years. Total production increased from 82,366,531 metric ton in 2018 to 88,461,943 metric ton in 2021. This output growth has enabled the country to increase its maize exports continuously.
The Brazilian economy is heavily dependent on agricultural exports, which may positively impact the country's maize exports. This increasing export opportunity encourages maize production, positively impacting the market's growth.
Brazil has been advancing the export of various commodities to many countries. It is one of the world's largest producers of agricultural and food products, leading the world in several commodities production. Also, as per ITC Trade Map, Brazil ranked fourth in the list of top 10 exporters of maize in 2021.
Brazil has seen good results in commodity exports, including maize. The increasing exports also indicate the high demand for the product worldwide. The country's government is taking several initiatives to boost maize exports, which can be witnessed by the crop's increasing export value. For instance, as per ITC Trade Map, the export value of maize was USD 4,109,859 thousand in 2018, which increased and reached USD 4,188,846 thousand in 2021.
Brazil Maize Market News
- May 2022: The São Paulo state government launched the Milho + SP program to expand grain production, charting the state of São Paulo on a path to self-sufficiency in corn production by 2030. The objective is to expand São Paulo's annual grain production by 7.7 million tons annually, to 11 million tons, by 2030.
- May 2022: China and Brazil signed an agreement to boost cooperation in agricultural trade, including corn, as China expands the import of feed grains for deeper agricultural processing.
Brazil Maize Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Production Analysis
5.2 Consumption Analysis and Market Value
5.3 Import Market Analysis (Volume and Value)
5.4 Export Market Analysis (Volume and Value)
5.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Maize Industry Segmentation
Maize, also known as corn, is a cereal grain with high productivity and geographic adaptability. There are various hybrids of maize in the market, each with its specific properties. However, it is generally categorized into two groups: white maize and yellow maize, depending on its color and taste.
The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. the report also includes a value chain analysis of the maize market in Brazil. The report offers the market size and forecasts in terms of volume in metric ton and value in USD thousand for all the above segments.
Brazil Maize Market Research FAQs
What is the current Brazil Maize Market size?
The Brazil Maize Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
What years does this Brazil Maize Market cover?
The report covers the Brazil Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Maize Industry Report
Statistics for the 2024 Brazil Maize market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Maize analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
