China dominates the global maize feed market, commanding a share of 33.28 thousand metric tons in 2023, followed by the United States at 19.54 thousand metric tons. Brazil and Mexico hold significant shares at 7.4 and 2.91 thousand metric tons, respectively. China experienced the highest year-on-year variation of 2.73%, while the United States showed a modest increase of 0.028%. Significant growth was observed in Indonesia (3.92%) and Benin (4.1%), contrasting declines in countries like Ukraine (-2.87%) and Venezuela (-3.3%). Overall, a mixed trend in maize feed share growth is evident across regions.
Looking ahead, notable future trends include:
- Potential growth in maize feed demand in Southeast Asian countries like Indonesia and Vietnam.
- Continued expansion in emerging markets such as Bangladesh, Egypt, and Benin.
- Potential declines in European countries like Italy and Ukraine due to market fluctuations and economic factors.
- Stable but slower growth in established markets like the United States and Canada.
Top countries in Maize Feed Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.28 | 2023 | +2.69% | +2.73% | View data |
| 2 | 2 United States | 19.54 | 2023 | -0.034% | +0.028% | View data |
| 3 | 3 Brazil | 7.4 | 2023 | +1.24% | +0.58% | View data |
| 4 | 4 Mexico | 2.91 | 2023 | +1.87% | +1.45% | View data |
| 5 | 5 Argentina | 2.3 | 2023 | +1.2% | +2.18% | View data |
| 6 | 6 Vietnam | 1.94 | 2023 | +2.25% | +1.64% | View data |
| 7 | 7 Canada | 1.76 | 2023 | +1.62% | +1.51% | View data |
| 8 | 8 Japan | 1.74 | 2023 | +0.47% | -0.055% | View data |
| 9 | 9 India | 1.48 | 2023 | +1.52% | +1.88% | View data |
| 10 | 10 Iran | 1.45 | 2023 | +1.8% | +0.54% | View data |
