The US corn consumption forecast indicates a steady year-on-year increase from 2024 to 2028. It begins at 172.67 million metric tons in 2024 and grows to 178.49 million metric tons by 2028. The average annual growth (CAGR) over these five years is modest, suggesting stable demand. In 2023, the corn consumption stood at 171.18 million metric tons, indicating consistent growth.
Future trends to watch for include:
- Advancements in agricultural technology improving yield efficiency.
- Potential shifts in export markets influencing domestic supply.
- Environmental policies impacting crop production and consumption.
- Evolving consumer preferences towards biofuel and food alternatives.
