Market Size of South American Maize Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.40 % |
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South American Maize Market Analysis
South American Maize Market is projected to grow at a CAGR of 5.4% during the forecast period (2020-2025).
- Increasing demand for food crops such as Maize due to rise in population, favorable government policies and rapid growth in ethanol industry are some of the factors driving the market growth.
- The regional dominance in exports of maize from countries such as from Brail, Argentina and Paraguay due to rise in global demand for corn as animal feed is stimulating the market growth.