The maize market size volume in the US has exhibited a steady yet modest growth over the last decade, standing at 3.94 Million Metric Tons in 2023. The market showed consistent year-on-year growth rates around 0.1% in recent years. Particularly notable are the periods 2015-2017 with higher growth rates, averaging around 0.4%-0.49% annually. Over the last five years, the Compound Annual Growth Rate (CAGR) has been modestly positive at 0.092%.
Looking ahead, forecasts indicate a continuation of this steady trend with an estimated CAGR of 0.07% meaning a 0.36% increase by 2028. It’s vital to monitor the advancements in agricultural technologies and sustainable farming practices which could influence future yield efficiency and market dynamics.
