From 2014 to 2023, the maize feed market in China demonstrated substantial growth, reaching a volume of 228.55 million metric tons in 2023. Major jumps occurred in 2015 (41.05%) and 2016 (10.92%), while post-2018 growth stabilized into more modest increments. For example, the last two years showed year-on-year increases of 2.82% in 2022 and 2.69% in 2023, with a CAGR of 2.73% for the past five years.
Looking ahead to 2028, the forecast anticipates the maize feed market to grow to 256.74 million metric tons, with a five-year CAGR forecasted at 1.84%, indicating a slower but steady annual increase.
- Watch for regulatory changes affecting maize import/export policies.
- Monitor technological advances in agriculture that may influence maize yield.
- Keep an eye on alternative feed sources that could impact maize demand.
- Evaluate climate change impacts on maize farming conditions in China.
