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 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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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.
South American Maize Industry Segmentation
The present report covers maize production, consumption, trade, and price trend analysis. Here, maize is considered as a commodity and the data involved excludes maize seed for sowing.
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South American Maize Market Size Summary
The South American maize market is experiencing significant growth, driven by increasing demand for food crops due to population growth, supportive government policies, and the rapid expansion of the ethanol industry. Countries like Brazil, Argentina, and Paraguay are leading in maize exports, fueled by the rising global demand for corn as animal feed. The domestic consumption of corn is also on the rise, largely due to the expanding local grain ethanol industry. In Paraguay, corn serves as a crucial raw material for ethanol production, with several ethanol plants projected to consume substantial amounts of corn. Research highlighting the environmental benefits of using corn in ethanol production, such as reduced greenhouse gas emissions, has further bolstered its demand in the region.
Government initiatives in Brazil, Argentina, and Paraguay are playing a pivotal role in stimulating maize production. Brazil, in particular, supports its corn producers through subsidized credit and price support mechanisms, such as the Premium Equalizer Paid to the Producer program. This program helps stabilize the market by compensating farmers when commodity prices fall below a predetermined level, ensuring a steady supply of corn even in deficit regions. As these supportive policies continue to expand, the South American maize market is expected to maintain its growth trajectory over the forecast period.
South American 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 By Country
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2.1.1 Brazil
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis and Market Value
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2.1.1.3 Import Market Analysis (Volume and Value)
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2.1.1.4 Export Market Analysis (Volume and Value)
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2.1.1.5 Price Trend Analysis
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2.1.2 Argentina
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis and Market Value
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2.1.2.3 Import Market Analysis (Volume and Value)
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2.1.2.4 Export Market Analysis (Volume and Value)
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2.1.2.5 Price Trend Analysis
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2.1.3 Paraguay
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis and Market Value
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2.1.3.3 Import Market Analysis (Volume and Value)
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2.1.3.4 Export Market Analysis (Volume and Value)
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2.1.3.5 Price Trend Analysis
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South American Maize Market Size FAQs
What is the current South American Maize Market size?
The South American Maize Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
What years does this South American Maize Market cover?
The report covers the South American Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South American Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
