Press Release Description

A USD 2.85 Billion South Africa Maize Market to Grow at a CAGR of Around 4.42% During 2024-30

South Africa Maize Market size was valued at around USD 2.85 billion in 2023 and is anticipated to grow at a CAGR of around 4.42% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The South Africa Maize Market has witnessed a consistent increase in production, with a reported annual growth rate of around 6% for the cereal intended for human consumption during the 2020-2021 cropping season, as per the Crop Estimates Committee (CEC). This advancement has positioned maize as the preeminent field crop and the primary staple carbohydrate source in the nation. South Africa, which holds the distinction of having the highest maize production on the continent, benefits from substantial yields across its premier agricultural regions, including the North West, Free State, Mpumalanga Highveld, and KwaZulu-Natal Midlands. Notably, white maize, suitable for human consumption, constitutes over half of the crop's total production within the country. The Free State, Mpumalanga, and North West provinces are particularly dominant in this sector, collectively accounting for nearly 84% of national production during 2020-2021, thereby underscoring the geographical advantages that bolster the sector's dependability.

The substantial volumes of maize produced catalyze a myriad of applications for its by-products across diverse sectors. In South Africa, these by-products are integrated into the animal feed, food manufacturing, textiles and pulp and paper industries, pharmaceuticals, and distillery sectors. This integration not only enhances value addition for end users but also amplifies the market demand for maize. Concomitantly, ancillary markets, including those for bread and livestock feed, are experiencing growth, which in turn brightens the prospects for maize demand. The anticipated increase in market demand is projected to be a key driver for production enhancement and product development within the South African maize sector. Consequently, it is anticipated that bolstered by both enhanced production capacities and surging global demand, the South Africa Maize Market would experience significant growth in the forthcoming years, further states the research report, South Africa Maize Market Analysis, 2024.”

South Africa Maize Market

Segmentation Analysis

White Maize Leads South Africa Maize Market Growth

Based on the type of maize, the market is further bifurcated into white maize and yellow maize. In the South Africa Maize Market, white maize has observed significant growth, primarily due to its extensive consumption by humans. This variety is processed into maize meal, a fundamental ingredient prevalent across South Africa, commonly prepared as pap or mielie pap. This staple has consistently been integrated into the daily diets of a vast majority, thereby augmenting the value of white maize in both food security and the agricultural domain within South Africa. Such factors have sustained a high demand for white maize, attributed largely to its cultural and nutritional significance, which has seen its commercialization predominantly in the domestic market.

Additionally, several variables, including seasonal changes and cultivation practices, have influenced the production of white maize in South Africa. Government interventions, through subsidies and development initiatives aimed at boosting agricultural productivity and promoting sustainable practices, have contributed positively to the production volumes of white maize. The adoption of contemporary agricultural inputs and the utilization of improved seed varieties have further facilitated an increase in yield rates for this essential food crop. Consequently, projections indicate that white maize will continue to dominate the South African Maize Market in the foreseeable future.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Tiger Brands, Premier FMCG (Pty) Ltd., Pride Milling Company (Pty) Ltd., Brenner Brands (PTY) Ltd., Carolina Rollermeule, NWK Limited, Louis Dreyfus Company, Indlovu Milling, PANNAR (Pty) Ltd., Seed Co Limited, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Market Size- By Value, Forecast Numbers, Segmentation, Market Shares)?
  2. What are the market trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the country?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping up across the country?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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