Market Size of Europe Maize Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.28 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Maize Market Analysis
The Europe Maize Market size is estimated at USD 34.85 billion in 2023, and is expected to reach USD 40.95 billion by 2028, growing at a CAGR of 3.28% during the forecast period (2023-2028).
- Maize has a broad range of industrial applications such as food processing and ethanol production. The market has changed drastically over the past decade due to the rapid increase in production owing to the development of biotechnological advancement in the grain. As per the Eurostat, Europe harvested grain maize that reportedly increased to 196.9 million metric ton in 2021 from 192.8 million in 2020, which reflects the higher apparent yields. The overall increase at the level of the European Union was mainly due to a strong rebound in the harvested productions in Romania (+46.8 %) and France (+14.5 %).
- The leading maize-producing countries in Europe are Ukraine, France, Italy, and Romania. Ukraine alone accounts for almost 10.0% of the global maize crop. The rapid rise of the livestock industry and the commercial compound feed industry is driving the demand for maize in the region owing to higher nutrition in terms of protein requirement for feeding livestock. Moreover, the increasing health awareness has resulted in a rising preference for the protein-rich diet which is increasing demand for grains including maize, thus driving the growth of Europe maize market.
- According to the USDA report, Ukraine corn production for marketing year 2022 was estimated at 27.0 million metric ton, down 14 percent from November 2022 and 36 percent from the 2021. The crop yield was estimated at 6.75 ton per hectare, down 4 percent from November 2022 and 12 percent from the year 2021. In addition, the harvested area is estimated at 4.0 million hectares, with lower 27 percent from last year.
- The French National Federation of Maize and Sorghum Seed Production (F.N.P.S.M.S.) has increased the area of maize in the spring of 2020 throughout Europe. In the European Union, it was estimated to have gone up 3 percent, reaching 15,3 million hectares, of which 9 million hectares of grain maize (+ 3 percent) and 6.3 million hectares of feed maize (+ 2 percent) in France.
Europe Maize Industry Segmentation
Maize, also known as corn, is a cereal grain that is considered a commodity and a staple food in multiple parts of the world, including Europe. Here, maize is considered a commodity, and the data involved excludes maize seeds for sowing.
The Europe maize market is segmented by geography into Ukraine, France, Italy, and Romania. 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 offers market estimation and forecasts in value (USD) and volume (metric ton).
Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | |
Ukraine | |
France | |
Italy | |
Romania |
Europe Maize Market Size Summary
The maize market in Europe is experiencing a significant transformation, driven by advancements in biotechnology and increasing demand across various sectors. Maize serves as a crucial component in food processing and ethanol production, with its applications expanding due to the rising need for protein-rich diets and animal feed. The livestock and commercial compound feed industries are major contributors to the growing demand for maize, as it provides essential nutrition for livestock. Countries like Ukraine, France, Italy, and Romania are leading producers, with Ukraine playing a pivotal role in the global maize crop. The market's growth is further supported by the increasing areas planted with grain maize, particularly in Russia and Ukraine, as well as the adoption of drought-resistant corn varieties in France and Romania, which are expected to enhance crop yields and boost exports.
The European maize market is poised for steady growth, with projections indicating a rise in market size over the coming years. The region's maize production is influenced by various factors, including feed demand, biofuel policies, and human consumption, which are expected to drive exports. Ukraine's significant contribution to the global maize supply, along with its strategic export destinations such as China, the Netherlands, and Egypt, underscores its importance in the market. The European Union's focus on increasing maize crop forecasts and the introduction of innovative agricultural technologies, such as the PowerCore trait, are expected to further enhance production capabilities. As the demand for animal-based protein sources continues to rise, the maize market in Europe is set to play a crucial role in meeting both regional and global needs.
Europe 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 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
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2.1.1 Ukraine
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2.1.2 France
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2.1.3 Italy
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2.1.4 Romania
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Europe Maize Market Size FAQs
What is the current Europe Maize Market size?
The Europe Maize Market is projected to register a CAGR of 3.28% during the forecast period (2024-2029)
What years does this Europe Maize Market cover?
The report covers the Europe Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.