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Maize Market - Segmented by Geography - Growth, Trends, and Forecast (2020 - 2025)

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Maize or corn is the third largest cultivated crop after wheat and rice. The global production of maize reached 1.06 billion metric ton in 2016, with a total harvested area of around 188 million hectare. The crop is mostly traded as a feed commodity but is also an important food crop.

Increasing International Trade

The US is the largest producer of maize, accounting for 36.3% of the total global production. Some other significant producers of maize include China, Brazil, Argentina, and India. Argentina is the largest exporter of maize, exporting a volume of 25.4 million metric ton of maize worth USD 4.2 million in the year 2016. Argentina exports maize mainly to Vietnam, Algeria, Egypt, and Malaysia. The global maize importing countries include Japan, Mexico, and Egypt.        

Genetically Modified (GM) Seeds

Genetically modified seeds in maize have helped improve the yield and productivity to a great extent, benefiting many countries by meeting their food security issues. These genetically customized and technologically developed crops across the globe have improved the seed market growth. However, the rising concerns of consumers toward genetically modified maize have resulted in the demand for non-GM crop.  

North America to Dominate the Global Maize Market

Globally, among all regions, North America is expected to be the largest market for maize, followed by Asia-Pacific, over the forecast period owing to the high production of maize crop and its consumption as animal feed. Globally, the US is the largest producer of maize, followed by China, and it is expected to contribute the maximum revenue in the near future. However, Asia-Pacific is anticipated to witness a rapid growth over the forecast period owing to the increasing demand for maize as animal feed in the region.

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Reasons to Purchase the Report

  • Identify the dominating and the fastest growing regions in the global maize market and their growth trends during the forecast period
  • The report outlines production, consumption, import and export analysis, and price trend for the market
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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