Russia Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2017-2023)
Report on Russia Maize Market – Industry Analysis, Forecasts and Opportunity Assessment (2017-2023)
Introduction to Russia Maize Market
Maize is the second most significant cereal crop in the world in terms of acreage and is called the ‘Queen of Cereals’. Global maize production reached approx. 1040 million MT in 2016- 17. The crop is less water consuming than other similar cereals and being a ‘C4’ as well as ‘day neutral plant’, it gives greater yield per hectare in a shorter period and can be grown in any season. The numerous utilities of maize as a ‘food’, ‘fodder’ and ‘feed’ makes it further more demand friendly and shields it against low demand situations. In whole, as compared to traditional crops i.e. Paddy and Wheat, Maize based industry has developed tremendously, which is largely attributed to the private sector.
A substantial portion i.e. over 60% of global maize production is used in animal feed as it offers a high amount of energy and oil content to the livestock. Moreover, maize is used as staple food and also finds a wide range of industrial application such as ethanol production and food processing. Maize market has experienced dramatic change over the past few decades due to the green revolution and rapid development in biotechnological advancement in seed and production which has led to the availability of genetically modified maize seeds which provides increased average maize yield.
Maize has observed serious technological interventions, both at the front end and the back end of value chain.
- Back end of value chain includes of seed, farm mechanization, agrochemicals, irrigation, information, fertilizers and other farm inputs.
- Front end encompasses Post-harvest management (PHM), storage, procurement and processing.
Growing demand for animal feed and industrial use owing to ever increasing global population is expected to drive the development of maize market. Moreover, increasing health awareness in emerging and developing economies have led to the shift of dietary preference of people towards protein-rich food which has led to an increased demand for all feed grains which also include maize, thus driving the progress of the global maize market.
However, constant instability in the prices of maize and rising unease of consumers towards genetically modified maize which has resulted in the demand for the segregation of non-GM crop from GM crop has resulted in an extra expense to overall supply chain thus limiting the growth of maize market.
Maize market can be segmented on the basis of color, type, nature, end use and region. On the basis type, maize market is segmented into the flint or Indian maize, dent or field maize, floury maize, and sweet maize. On the basis of color, Maize market is segmented into white maize and yellow maize. On the basis of the end use, maize market is segmented into Pharmaceutical, Food and Beverage, Personal Care & Cosmetics, Animal feed, Industrial Application and Others. The food and beverage segment is further sub-segmented into processed consumption and direct consumption. On the basis of nature, maize market is segmented into organic maize and conventional maize. Conventional maize is further sub-segmented into non-GMO maize and GMO maize.
Maize, as a cereal holds great potential and scope not only in increasing the farmer’s income but also through providing assured raw material deliveries to the upstream Agro industries. It is a ‘future cereal’ which can do well in situations of ‘global warming’ (as it’s a C-4 plant) and at present is the one vital cereal which is utilized as feed, food and fodder across the Globe. Going ahead, the crop needs more push and support from all concerned stakeholders for enhanced growth.
Some of the major players operating in Maize market includes Louis Dreyfus Company, Cargill Inc, Archer-Daniels-Midland Company, Bunge Group, ZEN-NOH Co. Ltd.
The report contains comprehensive analysis on:
- Maize Market Segments
- Maize Market Drivers, Restraints and Opportunities
- Maize Market Size & Forecast 2016 to 2023
- Supply & Demand Value Chain
- 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, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are 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