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The maize market share is expected to increase by USD 41.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.6%.
This maize market research report extensively covers market segmentation by end-user (industrial, retail, and food service) and geography (North America, APAC, South America, Europe, and Middle East and Africa). The maize market report also offers information on several market vendors, including Alianz Global Groups Pty Ltd., Archer Daniels Midland Co., Associated British Foods plc, Balaji Exim, Bayer AG, Bunge Ltd., Cargill Inc., CGB Enterprises Inc., COFCO Corp., Exotic Exim, Fazaz Global Concepts LLC, Gombella Integrated Services Ltd., Greenfield Global Inc., Groupe Limagrain Holding, Ingredion Inc., Ista International General Trading LLC, Louis Dreyfus Co. BV, Maeddy Impex Pvt. Ltd., Roquette Freres SA, Tate and Lyle Plc, and Tereos Group among others. Furthermore, this reportprovides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The increasing demand for maize as animal feed is notably driving the maize market growth, although factors such as logistics and distribution challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the maize industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Maize Market Driver
Key Maize Market Trend
Key Maize Market Challenge
This maize market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global maize market as a part of the global agricultural products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the maize market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the maize market encompasses successful business strategies deployed by the key vendors. The maize market is fragmented and the vendors are deploying growth strategies such as business expansion and product innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The maize market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the maize market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from North America during the forecast period. US is the key market for maize in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.
The presence of some of the largest maize-producing countries such as the US and Mexico will facilitate the maize market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional maize market. The governments of various countries such as the US and Mexico had imposed nationwide lockdowns and COVID-19-related restrictions to curb the spread of the virus. This led to the closure of various manufacturing plants of textile, paper, pharmaceutical, and meatpacking industries. Thus, the demand for maize and its byproducts such as maize starch, maize oil, maize feed declined. Thus, owing to the negative impacts of the pandemic, the regional market is expected to witness moderate growth during the forecast period.
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The maize market share growth by the industrial segment will be significant during the forecast period. The growth is attributed to the diverse industrial use of maize and its byproducts such as oil, starch, and alcohol. For instance, maize byproducts which are in the form of powder, such as maize starch, can be used as a filler in the manufacture of plastics, adhesives, glues, resins, and artificial leather.
This report provides an accurate prediction of the contribution of all the segments to the growth of the maize market size and actionable market insights on post COVID-19 impact on each segment.
Maize Oil market - The market share is expected to increase to USD 1.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.67%.
Food Starch market - The market share is expected to increase by USD 5.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.35%.
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Maize Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.6% |
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Market growth 2022-2026 |
$ 41.08 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.2 |
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Regional analysis |
North America, APAC, South America, Europe, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, China, Ukraine, Brazil, and Argentina |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Alianz Global Groups Pty Ltd., Archer Daniels Midland Co., Associated British Foods plc, Balaji Exim, Bayer AG, Bunge Ltd., Cargill Inc., CGB Enterprises Inc., COFCO Corp., Exotic Exim, Fazaz Global Concepts LLC, Gombella Integrated Services Ltd., Greenfield Global Inc., Groupe Limagrain Holding, Ingredion Inc., Ista International General Trading LLC, Louis Dreyfus Co. BV, Maeddy Impex Pvt. Ltd., Roquette Freres SA, Tate and Lyle Plc, and Tereos Group |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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