China Maize Market Size (2024 - 2029)

China Maize Market Analysis

The China Maize Market size is estimated at USD 0.9 billion in 2024, and is expected to reach USD 1.10 billion by 2029, at a CAGR of 3.10% during the forecast period (2024-2029).

• China stands as a global leader in both the production and consumption of maize (corn). This staple agricultural product plays a pivotal role in the nation, serving purposes from food and animal feed to industrial processing, notably in ethanol and starch production. Trailing only the United States, China ranks as the world's second-largest maize producer, with annual outputs hovering between 260–280 million metric tons in recent years, according to FAOSTAT. Key maize-producing provinces are concentrated in the north and northeast, notably Heilongjiang, Jilin, Liaoning, Inner Mongolia, and Hebei.
• To bolster domestic maize output, China has rolled out a suite of support initiatives. These include farmer subsidies and minimum price purchasing programs, designed to shield producers from price fluctuations. A significant 70% of China's maize is consumed as animal feed, predominantly benefiting the pork, poultry, and dairy sectors. Given the country's expansive livestock industry, the appetite for maize in feed has surged. Beyond animal feed, maize plays a crucial role in China's industrial landscape, fueling the production of biofuels (ethanol), starch, and sweeteners. Ethanol, in particular, receives a boost from China's biofuel policy, aligning with the nation's energy security and environmental aspirations.
• As China's middle class expands, so does the appetite for animal protein, further amplifying maize's demand in feed. This trend is underscored by the burgeoning livestock and aquaculture sectors. While China's maize demand is set to rise, driven by the growing livestock and biofuel sectors, domestic production grapples with challenges. Issues like land scarcity, environmental sustainability, and urban encroachment loom large.

China Maize Industry Segmentation

Maize, also known as corn, is a cereal grain widely cultivated as a tall annual cereal grass bearing kernels on large ears. It has become a staple food in many parts of the world. The report offers an analysis of production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trends. The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.