South Africa Maize Market Size (2024 - 2029)

The market size of maize production in South Africa is projected to experience growth over the forecast period, driven by its status as the most widely cultivated field crop and a key carbohydrate source in the region. As the leading maize producer in Africa, South Africa's output is predominantly concentrated in specific provinces, with white maize representing a significant portion of human consumption. The expanding use of maize by-products across various industries, such as animal feed, textiles, and pharmaceuticals, is anticipated to further boost demand, contributing to the overall growth in market size.

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Market Size of South Africa Maize Industry

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South Africa Maize Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 2.52 Billion
Market Size (2029) USD 3.06 Billion
CAGR (2024 - 2029) 4.00 %

Major Players

South Africa Maize Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Africa Maize Market Analysis

The South Africa Maize Market size is estimated at USD 2.52 billion in 2024, and is expected to reach USD 3.06 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).

  • Maize production in South Africa has increased in the recent past. According to the Crop Estimates Committee (CEC), maize production increased by 6.0% during the 2020-2021 cropping season compared to the previous.
  • On a local level, maize is the most widely grown field crop and the most important source of carbohydrates in southern Africa. South Africa is currently the continent's leading maize producer, with the majority of output concentrated in the North West region, the Free State, the Mpumalanga Highveld, and the KwaZulu-Natal Midlands. Currently, white maize accounts for over half of the total output of human consumption. Regions such as Free State, Mpumalanga, and the North-West provinces accounted for 84.0% of the overall production of maize in the country in 2020-2021.
  • Maize By Products has a wide potential for various industries in the domestic market. According to Grain South Africa, maize by-products are currently being used in animal feed, food industry, textile and paper, pharmaceuticals, and the alcohol industry in South Africa. As these allied markets are increasing, the demand for maize is expected to grow during the forecast period.

South Africa Maize Industry Segmentation

Maize, another word for corn, is a tall-growing grain crop that produces yellow kernels on long ears. 

The South Africa maize market studied consists of maize traded both domestically and internationally. It does not include processed products manufactured using maize. The South African maize market includes the production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. 

The report offers market estimation and forecasts in Value (USD Thousand) and Volume (Metric ton).

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South Africa Maize Market Size Summary

The maize production industry in South Africa is a vital sector, contributing significantly to the country's economy and food security. As the leading maize producer on the continent, South Africa's maize cultivation is predominantly concentrated in regions such as the North West, Free State, Mpumalanga Highveld, and KwaZulu-Natal Midlands. White maize, in particular, constitutes a substantial portion of the country's maize output, serving as a crucial source of carbohydrates for the local population. The domestic market for maize by-products is expanding, with applications in animal feed, the food industry, textiles, pharmaceuticals, and the alcohol industry. This diversification in usage is expected to drive demand for maize, positioning it as a key agricultural commodity during the forecast period.

South Africa's maize industry is also characterized by its significant export activities, with a notable portion of production destined for international markets. The country exports maize to various destinations, including Japan, Botswana, and several countries in Africa and Asia. The government's focus on smallholder agricultural development and investment in crop technology and market integration are pivotal in enhancing maize production and export capabilities. These efforts are part of a broader strategy to alleviate poverty through agriculture-led initiatives. Additionally, innovations in maize cultivation, such as the introduction of genetically modified varieties and advanced seed technologies, are expected to further bolster the industry's growth and sustainability in the coming years.

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South Africa Maize Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

  2. 2. MARKET SEGMENTATION

    1. 2.1 Production Analysis (Volume)

    2. 2.2 Consumption Analysis (Value and Volume)

    3. 2.3 Import Analysis (Value and Volume)

    4. 2.4 Export Analysis (Value and Volume)

    5. 2.5 Price Trend Analysis

South Africa Maize Market Size FAQs

The South Africa Maize Market size is expected to reach USD 2.52 billion in 2024 and grow at a CAGR of 4% to reach USD 3.06 billion by 2029.

In 2024, the South Africa Maize Market size is expected to reach USD 2.52 billion.

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