Market Size of North America Maize Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.70 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Maize Market Analysis
The North America maize market is projected to register a CAGR of 2.7% during the forecast period 2020-2025. North America is the largest producer and consumer of maize in the world. Maize is the major crop in North American countries like the United States, Mexico, and Canada. The growing meat industry in the region is creating a demand for more cereals, especially for maize and soybean, as both are highly nutritious in terms of protein is used for feeding the livestock. Corn is the primary United States feed grain accounting for more than 95% of the total feed grain production and use. More than 90 million acres of the crop is grown for maize production, primarily used for livestock and feed purposes. While the number of field farms for corn has declined in recent years, the acreage per corn farm has increased.
North America Maize Industry Segmentation
The North America maize market analyses the growth, trends, and forecast of maize in the North American countries like the United States, Mexico, and Canada. The report also covers the value chain analysis of maize in the region.
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North America Maize Market Size Summary
The North America maize market is a significant segment of the global agricultural landscape, being the largest producer and consumer of maize worldwide. This crop is pivotal in countries like the United States, Mexico, and Canada, where it serves as a primary feed grain, especially in the United States, where it constitutes the majority of feed grain production. The burgeoning meat industry in the region drives the demand for maize, as it is a crucial component of livestock feed due to its high protein content. Despite a decline in the number of corn farms, the acreage per farm has increased, indicating a shift towards more intensive farming practices. The maize produced in North America is predominantly used in the feed industry, with significant applications in bio-fuel and starch production, highlighting its versatility and importance in various industrial sectors.
The United States stands out as the leading producer and exporter of maize in North America, contributing significantly to global maize exports, followed by Mexico and Canada. The export value of maize from the United States is notably higher than that of its regional counterparts, with major markets including Mexico, Japan, and Colombia. The increasing demand for animal protein, driven by population growth, rising incomes, and urbanization, has led to a surge in livestock consumption, further boosting the demand for maize. This trend is expected to continue, with maize being a key ingredient in compound feeds for various animal types and in the production of a wide range of food and industrial products. As a result, the demand for maize in North America is projected to grow, reflecting its critical role in both the agricultural and industrial sectors.
North America 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 / Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 United States
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption and Market Share Analysis
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2.1.1.3 Import Analysis (Volume & Value)
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2.1.1.4 Export Analysis (Volume & Value)
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2.1.1.5 Price Trend Analysis
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2.1.2 Canada
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption and Market Share Analysis
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2.1.2.3 Import Analysis (Volume & Value)
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2.1.2.4 Export Analysis (Volume & Value)
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2.1.2.5 Price Trend Analysis
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2.1.3 Mexico
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption and Market Share Analysis
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2.1.3.3 Import Analysis (Volume & Value)
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2.1.3.4 Export Analysis (Volume & Value)
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2.1.3.5 Price Trend Analysis
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North America Maize Market Size FAQs
What is the current North America Maize Market size?
The North America Maize Market is projected to register a CAGR of 2.70% during the forecast period (2024-2029)
What years does this North America Maize Market cover?
The report covers the North America Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
