In 2023, the maize market size volume per capita in the US stood at slightly higher than the forecasted values, suggesting a declining trend. The forecast from 2024 to 2028 indicates a gradual year-on-year decrease, with maize consumption per capita expected to drop from 11.93 kilograms to 11.88 kilograms. The compound annual growth rate (CAGR) over these five years implies a steady but minor downward trajectory in maize consumption.
Future trends to watch for:
- Impact of consumer dietary shifts and preferences on maize demand.
- Potential policy changes influencing agricultural production and distribution.
- Technological advancements in maize cultivation enhancing yields and efficiency.
- Global market dynamics and trade agreements affecting domestic maize availability.
