Rapid Growth in Food, Seed, and Industrial Use
Between 2001 and 2023, the use of corn for food, seed, and industrial purposes saw a significant increase from
2,046 million bushels to
6,790 million bushels. This reflects a more than threefold rise, highlighting a shifting emphasis towards these applications over time.
Overall Increase in Total Domestic Use
Total domestic use of
corn in the United States has expanded consistently, growing from
7,911 million bushels in 2001 to
12,465 million bushels by 2023. This upward trend, amounting to a
57.6% increase, underscores a growing demand for corn across various sectors.
Fluctuations in Feed and Residual Use
Feed and residual use of corn has experienced fluctuations over the years, with a notable increase from
5,115 million bushels in 2005 to a peak of
6,175 million bushels in 2004, before settling at
5,675 million bushels in 2023. These changes reflect varying patterns in livestock feeding practices and residual uses.
Dramatic Shift in Usage Priorities
The proportion of corn allocated to food, seed, and industrial uses versus feed and residual saw a dramatic shift, with food, seed, and industrial usage more than doubling from
2,046 million bushels in 2001 to
6,790 million bushels in 2023, while feed and residual usage saw a more modest growth. This highlights a strategic reallocation of corn resources towards industrial applications and human consumption over livestock feed.
Significant Year-on-Year Growth Trends
Analyzing year-on-year trends, the largest single-year increase in total domestic use occurred between 2006 and 2007, when total use jumped by
1,219 million bushels. This surge is indicative of the volatile nature of corn demand, driven by factors such as biofuel production increases, dietary trends, and global market dynamics.
Remarkable Recovery from 2012's Low Point
The data marks 2012 as a year of significant decline, with total domestic use dropping to
10,353 million bushels, the lowest in the observed period. Since then, there has been a remarkable recovery, with 2023 witnessing a total use of
12,465 million bushels, showcasing the resilience and adaptability of the U.S. corn market.