Corn Farming in Canada - Industry Market Research Report

Corn Farming in Canada - Industry Market Research Report

Corn Farming in Canada

Corn Farming industry revenue has climbed amid strong price growth. Corn is used in a variety of products for fuel, consumption and production. Corn farmers in Canada contend with a high level of competition from potential substitutes and global corn farmers. The use of corn for fuel has remained popular because of volatility in fossil fuel prices. Corn has grown in popularity for human food production and in certain industrial markets, as genetically modified plants have made harvests more reliable. Strong growth in exports has been fuelled by growing demand from Ireland, Spain and the United Kingdom. Corn farming revenue is expected to grow at a CAGR of 3.6% to $3.3 billion over the five years to 2023, despite a 2.4% slump in 2023, when profit is expcted to reach 14.9% of revenue.

The Corn Farming industry in Canada primarily grows corn and produces corn seeds. Corn commonly refers to the grains or kernels of Zea mays, a tall annual cereal grass. Corn is a staple food in many parts of the world and is also a key input in the production of biofuel, sweeteners, oil and other products. Sweet corn is not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.