Maize also known as corn in some parts of the world is a cereal grain and is recognized as the queen of cereals. It is a member of the grass family poaceae. Maize is a type of an annual growing plant with high productivity rate, which also has exceptional important property of geographic adaptability, which has helped cultivation of maize to spread all over the world. Total production of maize is third highest amongst all the crop production and maize has become the largest planted crop in many countries. Although maize is one of the leading crops, very little part of this is being consumed directly by humans, most of the consumption of maize is in the form of animal feed. Maize has a wide range of applications in chemical industry, pharmaceutical industry, and food and animal feed industry.
The world is moving toward the conventional energy resources. Plants, which are high in starch or sugar contents are fermented to produce ethanol, which can be used directly as fuel replacement for petrol and diesel. Maize is the main source of ethanol considering high starch contents. Corn ethanol is produced by ethanol distillation and fermentation. This rise in usage of maize in the production of biofuels drives the growth of the market. Although corn is great as a protein and as a food, excessive use of corn can also create health disorders and problems such as allergic reactions, causing bloating & flatulence and is risky for diabetic patients.
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Organic corn is a wonderful and very healthy addition to the diets based on whole food crops. Thus, there is an increase in demand for organic maize in the feed industry, which creates lucrative opportunities in the maize market.
Taking into the consideration the destruction of maize by uncertain climate changes and natural calamities, Dupont Pioneer launched a new product of seed maize with the name hybrid 30G97 which enables the farmers to overcome these uncertain elements.
Over the past two decades, maize economy has seen major changes in utilization, production, marketing as well as trade structure. According to World Bank, during the last decade, maize production in Asia increased nearly by 35%, accounting for nearly 30% of the increase in global maize production. Pnas (U.S.) in their report of June 2018, mentioned that nearly 68% of the global maize production is concentrated mainly in the U.S, China, Brazil, and Argentina while nearly 87% of the export is concentrated in the U.S., Brazil, Argentina, and Ukraine.
In the Asian market, Indian government’s official organization FICCI launched the Maize Mission 2022 to promote and increase maize production. Prime player of the market Corteva launched special seed named Brevant for the Asian markets to expand the market in this region.
The global maize market is segmented into type, end use industry, distribution channel, and region. Based on type, the market is classified into field maize, sweet maize, popcorn, Indian maize. Based on end use industry, it is categorized into chemical, food & beverages, animal feed, and pharmaceutical. Based on distribution channel, it is divided into business to business, and business to customer. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the well-known players operating in the maize market include Louis Dreyfus Company, COFCO Group, Bunge Limited, Archer Daniels Midland Company, Glencore plc, Maize Suppliers, SATAKE CORPORATION., DowDuPont Inc., Limagrain Group Holding, and Bayer AG.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global maize market from 2018 to 2026 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
Key Market Segments:
- Field Maize
- Sweet Maize
- Indian Maize
By End Use Industry
- Food & Beverage
- Animal Feed
By Distribution Channel
- Business to Business
- Business to Customer
- Hypermarkets & Supermarkets
- Retail Stores
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