In 2023, the maize market size in Italy stood at 274 thousand metric tons, marking a year-on-year increase of 0.74%. Over the past five years, the maize market exhibited a Compound Annual Growth Rate (CAGR) of 0.22%, showing a gradual but steady growth. Noteworthy fluctuations include a significant jump of 12.92% in 2018 and a brief decline of 2.58% in 2019. From 2024 onwards, the market is expected to grow with a forecasted five-year CAGR of 0.64%, culminating in a market size of 285 thousand metric tons by 2028.
Future trends to watch for:
- Technological advancements in agriculture, particularly in seed technology and farming practices.
- The impact of climate change and weather patterns on maize yield.
- Policies and subsidies from the Italian government and the European Union.
- Global commodity price changes and international trade policies affecting import and export volumes.
- Changing dietary trends and increasing demand for maize-based products.
