From 2014 to 2023, the maize feed market in Canada has witnessed a steady growth, with volume standing at 12.08 million metric tons in 2023. Noteworthy variations include a significant increase in 2015 by 26.7%, followed by mostly stable growth with minor fluctuations. The year-on-year increase averaged around 1.62% over the last two years, while the CAGR over the last five years shows an average variation of 1.51% annually. Predictive data forecasts a continued moderate growth with a 5-year CAGR of 1.14%, reaching 12.98 million metric tons in 2028.
Future trends to watch for include advancements in agricultural technologies, changes in livestock production, climate impact on maize yield, and policy alterations influencing feed regulations. Monitoring these factors will be crucial for stakeholders in the maize feed market.
