Market Size of China Maize Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.10 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Maize Market Analysis
The China Maize Market is projected to register a CAGR of 3.1% over the forecast period.
- Corn, also known as maize, is a cereal grain that is one of the most widely grown crops in the world. It is cultivated in almost every part of the world and is a major staple food. It may be in the form of sweet corn, flour corn, flint corn, or dent corn, and also it comes in many colors, viz, yellow corn, white corn, blue corn, and purple corn. Maize is widely used as fuel and fodder for animals. It constitutes fiber, vitamins, carbohydrates, protein, magnesium, potassium, and minerals. In addition to these nutrients, corn also contains anti-oxidants, including lutein and zeaxanthin, which are important for eye health. Maize lowers cholesterol levels, reduces the risk of heart diseases, prevents digestive problems, prevents anemia, and promotes human growth.
- According to the Food and Agriculture Organization (FAO), China's maize production contributed 260.8 million metric tons in the year 2020, which increased by 272.7 million metric tons in 2021. Many maize varieties are coming up with trait resistance capabilities in farmland to mitigate pest and disease infestations. This led to good results for three high-yielding Chinese varieties - Guidan 162, Jinyu No.8, and Xianyu 335 - all sold to farmers by the center. The seeds are relatively resistant to drought conditions and are ready for harvest within 80 to 84 days.
- China is one of the biggest maize producers and consumers in the Asia-Pacific. Maize production in China has increased by 125% in the last two decades. Maize is the major crop in place of rice in China. This enormous growth results from the rapid growth in meat consumption among the Chinese. In China, the maize crop is mostly used in animal feed for meat production.
- China is one of the largest animal feed producers in the world. Around 60% of the total maize production in China is utilized for animal feed, and only 10% is used for human food and seeds. However, the recent outbreak of African swine fever (ASF) in pigs and coronavirus has undermined corn feed usage and hit the livestock sector hardest in the region.
China Maize Industry Segmentation
Maize, also known as corn, is a cereal grain widely cultivated as a tall annual cereal grass bearing kernels on large ears. It has become a staple food in many parts of the world.
The report offers an analysis of production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trend.
The report offers market size and forecasts in terms of value (USD thousand) and volume (metric ton) for all the above segments.
China Maize Market Size Summary
The China maize market is a significant component of the country's agricultural landscape, driven by its status as one of the most widely cultivated crops globally. Maize, or corn, is a versatile cereal grain used extensively as animal feed, which has become a staple in China's livestock industry. The crop's growth is supported by the increasing demand for meat, which has led to a substantial portion of maize production being allocated for animal feed rather than human consumption. This shift has positioned maize as a crucial crop, surpassing traditional staples like wheat and rice in terms of cultivation area and economic importance. The development of high-yielding and pest-resistant maize varieties has further bolstered production, making China a leading producer and consumer of maize in the Asia-Pacific region.
The market dynamics are influenced by various factors, including domestic meat production, feed industry demands, and international trade. Despite challenges such as the African swine fever outbreak and fluctuating prices, maize production in China has shown resilience, with significant increases in planting areas and output. The country's strategic focus on sustainable maize production aims to enhance yields while reducing environmental impact. Additionally, regulatory developments regarding genetically modified crops are expected to play a role in shaping the future of maize cultivation in China. As the market continues to evolve, China's maize industry is poised for growth, supported by both domestic and international demand.
China Maize Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Production Analysis
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2.2 Consumption Analysis (Volume and Value)
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2.3 Import Market Analysis (Volume and Value)
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2.4 Export Market Analysis (Volume and Value)
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2.5 Price Trend Analysis
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China Maize Market Size FAQs
What is the current China Maize Market size?
The China Maize Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
What years does this China Maize Market cover?
The report covers the China Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
