The maize feed market in the United Kingdom of Great Britain and Northern Ireland saw significant fluctuations from 2014 to 2023. The market experienced a sharp rise in 2015 and 2016 with year-on-year increases of 28.26% and 41.1%, respectively. A stark decline followed in 2017 with a drop of 24.02%. Post-2017, the market stabilized, with annual growth rates typically below 5%.
As of 2023, the maize feed market value stood at 569.0 thousand metric tons, reflecting a modest year-on-year growth of 1.61%. Over the last five years, the compound annual growth rate (CAGR) averaged at 2.42%. Forecasted data from 2024 onwards predict a slower growth trajectory with a CAGR of 1.18% over the next five years, leading to an estimated market value of 613.0 thousand metric tons by 2028.
Future trends to watch for:
- Impact of changing agricultural policies and subsidies on maize feed demand.
- Technological advancements in feed production for efficiency gains.
- Global market dynamics, such as import-export regulations and international trade tensions.
