logo

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.

Home Market Analysis Agriculture Research Agricultural Commodities Research Bulk Commodities Research Grains Research Maize Research South Africa Maize Market Market Size

Market Size of South Africa Maize Industry

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 %

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 is a cornerstone of South African agriculture, serving as a primary source of carbohydrates and one of the most extensively cultivated field crops in the country. Over 80% of corn production in South Africa relies on rainfall, with less than 20% under irrigation. The USDA Grain and Feed Annual Report 2024 states that the area under corn cultivation in the country is 3 million hectares, which is projected to increase during the coming years.
  • Maize, also known as corn, is a cereal grain rich in antioxidants and ranks among the leading cereal crops in terms of production volume. The flourishing meat industry in South Africa is driving demand for cereals, including maize, due to its high protein content, making it valuable for livestock feed. According to South Africa Grain Information Services (SAGIS), the country's maize production reached 16.2 million metric tons in the 2023-2024 marketing year, representing a 6.8% increase from the previous year's 15.1 million metric tons.
  • Recent initiatives are anticipated to contribute to the growth of the maize market. In January 2024, the Federal Government of Nigeria approved the commercial release of transgenic insect-resistant and drought-tolerant maize varieties, known as TELA maize. The TELA Maize Project is being implemented in five countries, including South Africa, potentially impacting the regional maize market. Hence, factors such as rising production and goverment support are anticipated to drive the market during coming years.

South Africa Maize Industry Segmentation

Maize, also known as corn, is a tall grain crop that produces yellow kernels on elongated ears. The South African maize market study encompasses both domestic and international trade. This report analyzes production (volume), consumption (value and volume), export (value and volume), import (value and volume), and wholesale price trends. It provides market estimations and forecasts in both value in USD and volume in metric tons.

Need A Different Region Or Segment?
Customize Now

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.

Explore More

South Africa Maize Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Maize in Food and Feed Industries

      2. 1.2.2 Expanding Export Market

      3. 1.2.3 Increasing Government Initiatives

    3. 1.3 Market Restraints

      1. 1.3.1 Incidence of Pest and Disease

      2. 1.3.2 Increasing Labor Shortages and Costs

  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.

South Africa Maize Market Report Snapshots

Maize Production In South Africa Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)