U.S. Maize Market Size By Usage-Based, By End-Product, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
U.S. Maize Market Size By Usage-Based, By End-Product, By Geographic Scope And Forecast
U.S. Maize Market Size And Forecast
Us Maize Market size was valued at USD 32.85 Billion in 2023 and is projected to reach USD 43.26 Billion by 2031, growing at a CAGR of 3.50% during the forecast period 2024-2031.
Us Maize Market Drivers
The market drivers for the Us Maize Market can be influenced by various factors. These may include
 Weather A number of factors, including temperature, sunshine, and rainfall, affect maize productivity. Unfavourable weather patterns such as droughts, floods, or extreme heat can have a big effect on yields, which can change supply and prices.
 Demand for Ethanol In the US, ethanol is produced from a sizable amount of maize. Therefore, maize prices can be impacted by the demand for ethanol, which is driven by variables such as oil prices, government regulations (such mandates and subsidies for biofuel), and consumer preferences for green energy sources.
 International Trade Prices for maize are mostly determined by demand worldwide, and the US is a significant exporter of the crop. Export quantities and pricing are influenced by various factors, including fluctuations in foreign currency rates, trade agreements, legislation, and global supply-demand dynamics.
 Demand for Livestock Feed A major component of animal feed is maize. The demand for maize as feed is influenced by the demand for meat and dairy products, both domestically and globally. Prices for maize can be impacted by modifications to feed formulation techniques, livestock production methods, and dietary preferences.
 Biotechnology and Yield Improvements Technological developments can raise yields and productivity. Examples include genetically modified (GM) maize varieties and better farming techniques. Technological advancements in agronomy, machinery, and seeds have an impact on cost-effectiveness and yield levels.
 Energy Costs The operations of growing, harvesting, and transporting maize need a lot of energy. Changes in the cost of energy, especially fuel, can have an impact on maize producers’ input costs, which can then have an impact on production choices and prices.
 Government Policies and Subsidies The US government’s agricultural policies, farm subsidies, crop insurance plans, and regulatory actions can affect the pricing, production, and dynamics of the maize market. Farm revenues and production decisions can be impacted by modifications to assistance programmes, environmental restrictions, and farm bill provisions.
Competition from Other Crops For acreage and resources, maize faces competition from other crops including soybeans, wheat, and cotton. The supply of maize and planting decisions made by farmers can be impacted by changes in input costs, market demand for alternative crops, and relative profitability.
Us Maize Market Restraints
Several factors can act as restraints or challenges for the Us Maize Market. These may include
Climate change and weather The production of maize is highly dependent on the weather, and extreme weather events like droughts, floods, or abrupt temperature swings can lower yields and have an impact on the stability of the market.
 Cost of Inputs Price fluctuations for inputs like pesticides, fertilisers, and seeds can have an effect on how profitable it is to grow maize, particularly for small-scale growers.
 Trade disputes and tariffs Modifications to trade agreements, tariffs, or trade policies with significant importing or exporting nations may cause disruptions in the maize trade and have an impact on market pricing.
 Regulatory Restraints Laws pertaining to food safety, environmental preservation, and agricultural methods may put maize growers under extra financial strain and compliance requirements, which may have an impact on market dynamics.
 Alternative Crop Competition When it comes to resources, labour, and land, maize faces competition from other crops. Prices and market demand for maize can be impacted by changes in the demand for alternative crops or the production of biofuel.
Technological Challenges The potential for new technologies to increase maize productivity and profitability may be limited by regulatory obstacles or public opposition. Examples of these technologies are precision agriculture and genetically modified organisms (GMOs).
 Market Concentration Smaller producers may lose out if a few major agricultural corporations control a disproportionate amount of the market. This can also reduce competition and pricing transparency.
 Environmental Concerns As people become more conscious of environmental problems including soil erosion, water pollution, and biodiversity loss, they may scrutinise maize farming methods more closely and demand more environmentally friendly production techniques.
 The demand for maize and its derivatives may be impacted by shifts in consumer tastes for foods that are healthier or produced responsibly, as well as by developments in plant-based diets or alternative food items.
 Economic Conditions The demand for products based on maize can be influenced both domestically and internationally by macroeconomic issues including inflation, currency exchange rates, and economic growth.
Us Maize Market Segmentation Analysis
The Us Maize Market is Segmented on the basis of Usage-Based, End-Product, and Geography.
Us Maize Market, By Usage-Based
Food Consumption Maize used directly for human consumption, such as in cereals, snacks, and cornmeal.
Feed Industry Maize utilized in the animal feed industry, primarily as a key ingredient in livestock feed.
Industrial Applications Maize used in industrial processes, such as ethanol production for biofuels or as a raw material in various manufacturing processes.
Us Maize Market, By End-Product
Grain Maize The raw maize kernels used for various purposes like food, animal feed, and industrial applications.
Processed Maize Products Includes a wide range of processed maize products like corn syrup, corn starch, corn oil, and others.
Us Maize Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the US MAIZE MARKET in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Us Maize Market are
Louis Dreyfus Company
Bunge Limited
Archer Daniels Midland Company
Ingredion Incorporated
Cargill Inc.
Syngenta US
Green Plains Inc.
REX American Resources Corp.
Amyris Inc.
Plant Health Care
MGP Ingredients Inc.
Bayer
Corteva
Syngenta
Bunge
Cargill
Louis Dreyfus
COFCO
ADM
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2031
BASE YEAR
2023
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Louis Dreyfus Company, Bunge Limited, Archer Daniels Midland Company, Ingredion Incorporated, Cargill Inc., Syngenta US, Green Plains Inc., REX American Resources Corp., Amyris Inc.
SEGMENTS COVERED
By Usage-Based
By End-Product
By Geography.
CUSTOMIZATION SCOPE
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Research Methodology of Market Research
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