Market Size of Brazil Maize Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.80 % |
Brazil Maize Market Analysis
The Brazilian maize market is projected to register a CAGR of 2.8% over the forecast period.
- Brazil is one of the largest agriculture-based economies in the world. With a population of 200 million, according to the FAO, Brazil is one of the major producers of maize. The country produced about 88,461,943 metric ton of maize in 2021. Most of the maize consumed in Brazil is used as the main energy ingredient for livestock feed, followed by sorghum and wheat. Maize is also used in processing a wide range of food and industrial products, including cereals, alcohol, sweeteners, etc., in the country.
- Maize is the most important crop based on hybrid breeding in Brazil. The growing meat industry is creating demand for more cereals, especially maize. It is highly nutritious in terms of protein used for feeding livestock. The use of maize as animal feed due to the country's high demand for meat products is driving the market. As per several studies, Brazil has increased its farm productivity very rapidly. The country was considered the fourth-largest exporter of maize in 2021, as per the ITC Trade Map.
- Hence, with the rising usage of maize in a wide range of applications and the growing exports of maize from the country, the maize market in Brazil is anticipated to grow over the forecast period.
Brazil Maize Industry Segmentation
Maize, also known as corn, is a cereal grain with high productivity and geographic adaptability. There are various hybrids of maize in the market, each with its specific properties. However, it is generally categorized into two groups: white maize and yellow maize, depending on its color and taste.
The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. the report also includes a value chain analysis of the maize market in Brazil. The report offers the market size and forecasts in terms of volume in metric ton and value in USD thousand for all the above segments.
Brazil Maize Market Size Summary
The Brazilian maize market is poised for growth, driven by its status as a major agricultural economy and a leading producer of maize globally. The crop plays a crucial role in the country's livestock industry, serving as a primary energy source in animal feed, which is essential due to the rising demand for meat and animal protein. The increasing consumption of animal-based proteins, coupled with Brazil's advancements in farm productivity and hybrid breeding, underscores maize's significance in the agricultural sector. The country's position as a top exporter further bolsters the market, with maize being a key component in various food and industrial products, including cereals and sweeteners.
The demand for maize is further amplified by Brazil's economic reliance on agricultural exports, which supports the growth of the maize market. Initiatives like the Milho + SP program aim to enhance local maize production, while international agreements, such as the one with China, focus on expanding agricultural trade, including maize exports. These efforts reflect the global demand for Brazilian maize and the country's commitment to increasing its production and export capabilities. As a result, the Brazilian maize market is expected to experience steady growth, driven by both domestic consumption and international trade opportunities.
Brazil 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 Analysis
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2. MARKET SEGMENTATION
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2.1 Production Analysis
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2.2 Consumption Analysis and Market Value
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2.3 Import Market Analysis (Volume and Value)
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2.4 Export Market Analysis (Volume and Value)
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2.5 Price Trend Analysis
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Brazil Maize Market Size FAQs
What is the current Brazil Maize Market size?
The Brazil Maize Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
What years does this Brazil Maize Market cover?
The report covers the Brazil Maize Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Maize Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
