Market Size of Maize Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 143.62 Billion |
| Market Size (2029) | USD 166.57 Billion |
| CAGR (2024 - 2029) | 3.01 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
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Maize Market Analysis
The Maize Market size is estimated at USD 143.62 billion in 2024, and is expected to reach USD 166.57 billion by 2029, growing at a CAGR of 3.01% during the forecast period (2024-2029).
- Maize is a cereal grain, also known as corn, that is rich in antioxidants like phenols and phytosterols. It is one of the leaders in terms of the production of cereal crops. Most of the maize produced in the world is used for feed and other purposes; only a small amount is used by people for consumption. It can be consumed only after processing into different food items such as popcorn, flour, tortillas, cornflakes, corn germ oil, etc. Maize products are also used in supplementary nutritional programs to feed malnourished children and improve their health.
- The growing meat industry is creating demand for more cereals, especially maize and soybean, as both are highly nutritious in terms of protein used for feeding livestock. It is very importantly used in the production of ethanol. The gaining importance of biofuel usage is encouraging the growth of the maize market.
- Corn is the primary US feed grain, accounting for more than 95% of the total feed grain production and use. It is cultivated on nearly 190 million hectares in about 165 countries with wide diversity and management practices. It accounts for 39% of global grain production, primarily used for livestock and feed purposes. It is also widely used for industrial purposes, including ethanol production. While the number of field farms for corn has declined in recent years, the acreage per corn farm has increased.
