South Africa Maize Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis

MarkNtel Advisors recently published a detailed industry analysis of the South Africa Maize Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the South Africa Maize Market (2024-2030)

South Africa Maize Market size was valued at around USD 2.85 billion in 2023 and is estimated to reach around USD 3.84 billion in 2030, with a CAGR of about 4.42% during the forecast period, i.e., 2024-30.

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What is driving the South Africa Maize Market?

Maize as a Cost-Effective Feed Alternative Driving Market Demand in South Africa – In South Africa, the reliance on imported protein-rich raw materials for animal feed production has resulted in huge costs of feed-making manufacturing, particularly in the dairy sector. Some of the essential imports like sunflower oilcake and soybean meal for manufacturing processes have in the recent past recorded considerable hikes in their prices. This pressure is felt mostly by the producers in the dairy sector, owing to increased feed costs. Therefore, dairy producers have shifted towards qualities such as maize, which, based on past experiences, gives better returns. For instance,

• In 2021, according to SAFEX, White Maize prices decreased by 5% when compared to the previous year, while sunflower seed prices and wheat prices increased by 28% and 27%, respectively.

Therefore, maize, abundantly available in South Africa, replaced other grains that were costly when it came to the production of feed. The readily available and relatively cheaper animal feed ingredient made maize a better alternative in the formulation of feeds compared to imported feeds. The change to maize-based diets also helped increase the use of local agricultural commodities.

In addition, this strategic change that has seen the grain take on a new dimension has also been anchored by increased efficiency in milk production despite a decline in the number of dairy farms in the country. Thus, as annual rates have shown in the previous years, the feed’s cost-efficient characteristic has made it possible for many dairy producers to employ the resource proactively, and it is projected that the use of maize will increase in the upcoming years. This evolving dynamic emerged as a key market driver for maize, offering a sustainable, locally sourced solution to South Africa’s animal feed challenges.

What segments define the South Africa Maize Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Maize Type

(White Maize, Yellow Maize),

By Product Type

(Maize Meal, Maize Flour, Maize Porridge, Others (Maize Samp, Maize Rice, etc.)),

By Application

(Human Consumption, Animal Feed, Industrial Uses)

By Regions

East, North, Central, South, West

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Who are the leading key players shaping the South Africa Maize Market landscape?

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

Questions Addressed in this Study

1.What factors are driving the South Africa Maize Market growth?

2.How is the South Africa Maize Market expected to grow over the next five years?

3.What are the key insights into the current trends in the South Africa Maize Market?

4.What is the current size of the South Africa Maize Market, and how is it projected to change in the future?

6.What is the future outlook for the South Africa Maize Market in terms of technological advancements and market expansion?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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