Argentina Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Argentina Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Introduction to Argentina Maize Market:
Maize or corn is the third biggest developed crop after wheat and rice. The harvest is for the most part used as a feed product but on the other hand is also a critical food crop.
Argentina is one of the most significant maize and soybean producing nations on the planet and is the dominant exporter of maize and oilseeds in the South American and North American districts. In South America, Argentina and Brazil represent over 90% of the aggregate maize business.
Farm managers in Argentina view Precision Agriculture as a way to decrease costs in grain creation, to expand profitability and make input utilization more productive. Yield screens, Global Positioning Systems (GPS) direction and satellite pictures are progressively utilized in vast activities, while Variable Rate Application (VRA) is uncommon. Variables that energize its reception include: huge farm tasks with generally high capital per specialist worker, profoundly literate farm management personnel, technical innovation accessible from abroad, requirement for yield data, and simplicity of pooling information.
Genetically adjusted seeds in maize have enhanced the yield and profitability, as it were, profiting numerous nations by meeting their food sustenance security issues. These genetically redone and mechanically created yields over the globe have enhanced the seed showcase business growth. Be that as it may, the rising worries of buyers toward genetically altered maize have brought about the interest for non-GM crops.
Notwithstanding numerous limitations like political vulnerability, the quick downslide of the currency and negative climate conditions, Argentina has set up itself as a noteworthy agro-products exporter of the world. The El Nino impact is likewise seen in Argentina at a huge level, because of which the general generation and exports have been influenced. In 2014-15, the aggregate maize generation was 33.1 million metric tons, while, in 2015-16, the volume that remained was just 28.8 million metric tons. Argentina is a self sufficient producer of maize and did not import maize from elsewhere. The aggregate export of maize is estimated to stand at and around 14 million metric tons currently.
The utilization pattern of maize Argentina demonstrate that a noteworthy piece of the maize created is utilized as animal feed. Animal feed alone represented 75-80% of the aggregate maize utilization in Argentina, after a more extensive use by ventures in ethanol, starch, and counterfeit/artificial sweetener generation. Just 0.3 million metric huge amounts of the aggregate maize in Argentina is utilized in processing of food.
Argentina has as of late improved its tax assessment arrangement, making its agrarian exports free of tax in 2015-16. The recently chosen President Mauricio Macri did away with the prohibition on the fare of rural create, particularly soybean and maize crops. This political move has long haul consequences for the general real estate and generation of maize harvest and this is foreseen to help the maize fares of Argentina. In the mid year trim 2016-17, the aggregate maize planted territory is relied upon to rise by 10% when contrasted with the earlier year.
Maize market can be segmented based on types, shading/colours, end utilization, nature, and area. On the premise of types, maize is segmented into the scratch or field maize, stone or Indian maize, floury maize, and sweet maize. Based on shading, Maize is divided into yellow maize and white maize. The yellow maize fragment is foreseen to stay prevailing as far as incentive over the forecast time frame inferable from its use in animal feed and high geological flexibility while the white maize requires greater land condition and is for the most part perceived as food crop. Based on the end utilization, maize is fragmented into Food and Beverage, Animal feed, Pharmaceutical, Personal Care and Cosmetics, Industrial Application and Others. The nourishment and drink segment is further sub-fragmented into direct utilization and prepared utilization. Based on nature, maize is fragmented into traditional/conventional maize and natural maize. Traditional maize is further sub-sectioned into non-GMO maize and GMO maize.
A dominant portion of the key players working in Maize business incorporates Cargill Inc, Louis Dreyfus Company, Archer-Daniels-Midland Company, COFCO Group, Bunge Group, ZEN-NOH Co. Ltd., Glencore etc.
The report contains a comprehensive analysis on:
- Argentina Maize Market Segments
- Argentina Maize Market Drivers, Restraints and Opportunities
- Argentina Maize Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Argentina Maize Market Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macroeconomic factors, and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage