South Africa Seeds Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.84 Billion |
| Market Size (2029) | USD 1.01 Billion |
| CAGR (2024 - 2029) | 3.92 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Seeds Market Analysis
The South Africa Seed Market size is estimated at USD 0.84 billion in 2024, and is expected to reach USD 1.01 billion by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).
Maize is the country's most important crop, followed by wheat. This increasing consumption, along with the increasing population, is necessitating an increase in productivity driving the demand for commercial seeds in the country. The seed industry in South Africa is quite mature and serves commercial farmers with over 100 seed companies that are a part of SANSOR, which regulates seed certification in South Africa. Increasing exports from the country is another factor that is driving the growth of the seed market.
South Africa Seeds Market Trends
Demand for Quality Seeds
The increase in the population level of the country has fueled the demand for higher productivity. Maize is the staple food in the country, consumed in its direct form. The grains & cereal seeds segment in South Africa was valued at USD 491.1 million in 2023 and is estimated to reach USD 589.4 million by 2029 registering a CAGR of 3.1% during the forecast period. With the growing population and shrinking plots of cultivable land, the demand for quality seeds is increasing. COMESA (Common Market for Eastern and Southern Africa) reports that just 23% of the smallholders have access to certified seeds, which indicates a huge scope for quality seeds.
Government Initiative for Hybrid and Certified Seeds
The seed industry in South Africa is quite mature and serves commercial farmers with over 100 seed companies being a part of SANSOR. The Agriculture, Forestry, and Fisheries Department of South Africa planned in 2016 to increase financial support to emerging producers by USD 28.4 million over the medium term, which will be accessed through the Land and Agricultural Development Bank of South Africa. SANSOR certifies the seed of high and known quality according to the rules of the SA Seed Certification Scheme. It certifies on average 3,000 seed lots per annum. According to ISF, South Africa seed exports were valued at USD 120 million in 2017 against USD 110 million in 2016, which indicates the growing seed market.
South Africa Seeds Industry Overview
The South Africa seed sector is slightly fragmented. Companies are highly focused on the introduction of new varieties of seeds. Some of the other startegies followed are mergers and acquisitions, expansion and reasearch to outstand the competition. Some of the leading companies are Monsanto South Africa, Capstone Seeds, Cortrva Agriscience, Syngenta Seed S.A. (Pty.) Ltd, Rijk Zwaan, Sakata Seed Southern Africa (Pty) Ltd.
South Africa Seeds Market Leaders
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Monsanto South Africa
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Corteva agriscience
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Capstone seeds
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Syngenta Seed S.A. (Pvt.) Ltd.
*Disclaimer: Major Players sorted in no particular order
South Africa Seeds Market News
May 2023: Capstone seeds have developed two genetically modified cultivars such as CAP 9-242RRBT, which is a fast yellow maize hybrid, and CAP 9-569RRBT, a medium white maize hybrid for dry land plantings.
October 2022: Bayer AG has launched an early maturity and high-performance corn seed variety "DKC80-23 Mzati the Pillar" in the Malawi region.
South Africa Seeds Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Crop Type
5.1.1 Grain and Cereal
5.1.2 Pulse
5.1.3 Vegetables
5.1.4 Oilseed
5.2 Types of Seeds
5.2.1 Conventional Seeds
5.2.2 Hybrid Seeds
5.2.3 GM Seeds
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bayer AG
6.3.2 Syngenta Seed SA (Pty) Ltd
6.3.3 Corteva Agriscience
6.3.4 Capstone Seed
6.3.5 Rijk Zwaan
6.3.6 Seed Co Limited
6.3.7 Sakata Seed Southern Africa (Pty) Lt
6.3.8 Pannar Seed (PTY) Ltd
6.3.9 Limagrain
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Africa Seeds Industry Segmentation
The report gives an insight into the South African seed market segmentation by types of Seeds used into conventional Seed, Hybrid Seed, and GM seed, and by crop type into grain and cereal, pulse, vegetable, and oilseed. Along with the competitive analysis, which will include the profiles of major players (company overview, product portfolio, key developments, such as merger and acquisition, product innovation, and R&D) operating in the market, the report includes an analysis of the growth, trends, and forecasts (2024 - 2029).
| Crop Type | |
| Grain and Cereal | |
| Pulse | |
| Vegetables | |
| Oilseed |
| Types of Seeds | |
| Conventional Seeds | |
| Hybrid Seeds | |
| GM Seeds |
South Africa Seeds Market Research FAQs
How big is the South Africa Seed Market?
The South Africa Seed Market size is expected to reach USD 0.84 billion in 2024 and grow at a CAGR of 3.92% to reach USD 1.01 billion by 2029.
What is the current South Africa Seed Market size?
In 2024, the South Africa Seed Market size is expected to reach USD 0.84 billion.
Who are the key players in South Africa Seed Market?
Monsanto South Africa, Corteva agriscience, Capstone seeds and Syngenta Seed S.A. (Pvt.) Ltd. are the major companies operating in the South Africa Seed Market.
What years does this South Africa Seed Market cover, and what was the market size in 2023?
In 2023, the South Africa Seed Market size was estimated at USD 0.81 billion. The report covers the South Africa Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Africa Seeds Industry Report
Statistics for the 2024 South Africa Seeds market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Africa Seeds analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
