Maize Market is expected to reach US$ 274.32 Billion by 2031

Increasing Global Demand for Feed and Biofuel Propels

According to our latest study on "Maize Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by Crop Type, Category, and Application," the market value is expected to surge from US$ 220.20 billion in 2024 to US$ 274.32 billion by 2031; the market is estimated to register a CAGR of 3.2% during 2025–2031. The maize market report highlights key factors driving the growth of the maize market and prominent players, along with their developments in the market.

The maize market has been recognized as a significant sector of the global agricultural market, driven by various factors determining the supply, demand, and prices. Maize or corn is a food crop, an animal feed crop, and an industrial crop; therefore, its markets are complex and multifaceted. International demand, especially in the livestock sector, fuels the need for maize, which is an important feed supplement. Growth in meat consumption in emerging economies such as China and India raises the demand, which drives the prices up when there is low supply relative to demand. The biofuel sector is one of the most important industries regarding maize volumes used, particularly in the US, where market dynamics are interconnected with energy policies and oil prices. Trade policies and geopolitical factors significantly influence the market. Maize prices and trade flows can be impacted by tariffs, export prohibitions, and trade agreements, such as the one between China and the US. Moreover, currency fluctuations can play a role; for instance, a weaker US dollar can make maize exports more attractive. The emerging drivers influencing the maize demand in the food and organic markets are consumer behavior and tendencies toward plant-based food and environmentally friendly food farming trends. The combination of the following interrelated factors affects the volatility and expansion of the maize market: demand from the feed market and biofuel, weather conditions, technological advancements, trade dynamics, and consumer preferences.

Maize Market Breakdown – By Region

The maize market analysis has been performed by considering the following segments: crop type, category, and application. Based on crop type, the market is segmented into white corn, yellow corn, blue corn, and others. The yellow corn segment is expected to register a significant CAGR from 2025 to 2031. In terms of category, the maize market is bifurcated into conventional and organic. The conventional segment held a significant maize market share in 2024. Based on application, the market is segmented into food and beverages, animal feed, pharmaceuticals and nutraceuticals, agriculture, and biofuel. The food and beverages segment is subsegmented into breads and rolls; biscuits, cookies, and crackers; snacks; breakfast cereals; and others. The food and beverages segment held a significant maize market share in 2024

Yellow corn is a landmark of the maize market and is valued due to its versatility and adaptability to a wide range of climatic conditions. Its bright color and high starch content make it a common food, animal feed, and industrial use product. The key producing regions in the US, Brazil, and Argentina have favorable conditions and advanced farming activities to aid production. There are three main markets for yellow corn: animal feed, human consumption, and industrial uses such as ethanol and sweeteners. The industrial applications prevalent in livestock feed result from the strong requirements in the livestock industry and the need for renewable energy. Weather conditions, trade policies, and increased biofuel demands are influencing the maize market growth. Challenges that may disrupt supply chains include climate change and trade barriers. Nevertheless, there is plenty of opportunity from biotechnology and the growing demand in developing markets, especially in Africa and Asia.

The Asia Pacific is one of the major region in the world with a large agricultural size and economies. Maize is a staple crop; it is used in animal feed, as well as in industries, in the region. China, India, and Indonesia are among the major actors, as maize is their main food and a major constituent of livestock feeds as meat consumption increases. The tropical and subtropical climate of the region facilitates the cultivation of maize on a large scale; however, problems such as uncertain weather patterns and water shortages affect production. In most regions, production is led by smallholder farmers employing traditional production methods, with some larger commercial activities adopting modern technologies to increase production. Maize is also in demand because of increasing populations, urbanization, and an overall increase in food processing industries, especially with products such as snacks made of corn and corn sweeteners. Arbitrage trade conditions depend on demand and the availability of export markets, as countries can export to meet feed needs. Issues of sustainability, such as soil degradation and pesticide application, are also driving a new wave toward environmentally friendly practices. Government policies, subsidies, and research on high-yielding varieties also influence the maize market growth, aiming to enhance resilience and growth in this key agricultural industry.

The maize market is experiencing strong growth, driven by increasing demand for animal feed, particularly in the Asia-Pacific region. As a result, China is also increasing its imports of maize to feed its growing poultry and swine industry. The maize market trends suggest a rise in biofuel production, particularly ethanol. This is especially evident in the US, which is one of the leading producers of both maize and ethanol. The dynamics of the maize market within the food processing industry are evolving due to the increasing consumer health awareness, leading to a shift toward non-GMO and organic maize. Challenges that bring volatility in prices include variability of yield caused by the climate. Liberalization of trade favors global trade in maize, and India is now a leading exporter despite the pressure of local demand. Technological advancements, such as precision farming, are enhancing yields and shifting the maize market toward sustainability. The maize market is expected to grow significantly in North America and Asia Pacific. 

The maize market forecast can help stakeholders plan their growth strategies effectively. Elephant Group PLC, Grain Millers Inc, Corteva Inc, Clarkson Grain Company, Urif India Private Limited, Yedhant International, Savaliya Agri Commodity Export Pvt Ltd, Sainath Agro Industries, Baghel Agro Industries, Bunge Global SA, TBI Corn Limited, Cargill Inc, Nutrich CornGrits, Limagrain Ingredients SAS, and Archer-Daniels-Midland Co are among the prominent players profiled in the maize market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are adopting strategies such as product launches, capacity expansions, partnerships, and collaborations to stay competitive. For instance, in June 2023, Corteva Agriscience opened its first combined crop protection and seed research laboratory in EMEA. With almost EUR 6 million of investment, the expansion of the h and development site in Eschbach, Germany, enabled Corteva Agriscience to conduct state-of-the-art crop protection studies to develop solutions that protect crops from pests and diseases.

The maize market is segmented based on crop type, category, and application. Based on crop type, the market is segmented into white corn, yellow corn, blue corn, and others. In terms of category, the maize market is bifurcated into conventional and organic. Based on application, the market is segmented into food and beverages, animal feed, pharmaceuticals and nutraceuticals, agriculture, and biofuel. The food and beverages segment is further categorized into breads and rolls; biscuits, cookies, and crackers; snacks; breakfast cereals; and others.

By geography, the maize market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is segmented into the US, Canada, and Mexico. The market in Europe is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. The market in Asia Pacific is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The maize market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America.

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