South Africa Maize Market is expected to gain market growth in the forecast period of 2024-2030

According to MarkNtel Advisors study the 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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Key Findings of the Study: South Africa Maize market

South Africa Maize Market Driver:

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.

South Africa Maize Market Challenge:

Infrastructural Limitations as a Formidable Challenge for South Africa Maize Industry – In South Africa, the maize industry has been significantly hampered by inadequate rural infrastructure, particularly in the sectors of transportation and storage. This was primarily due to the availability and conditions of the rural road network, which posed a major challenge to the transportation of maize from production zones to markets. This infrastructure deficit not only increased the cost of moving maize to other regions but also stretched transit time and, possibly, would negatively impact the quality of the grain in the destination regions. This has been compounded by a couple of storage facilities, one of the necessities for the conservation of the grain after harvest. Many of the existing infrastructure and buildings failed to meet the standard and were affected by pests, leading to drastic increases in losses.

Thus, these are not only logistics issues but fundamental problems of infrastructure, as these derivatives have a direct impact on the farmer’s profit by decreasing maize that would meet the quality standards of the market. Consequently, the overall revenues from maize sales, resulting from a decreased amount of maize in circulation, have been on the decline in the past few years.

Furthermore, such logistics deficiencies threaten the competitiveness of the South Africa Maize Market and its domestic supply. These challenges arising from infrastructural and developmental hindrances intertwine to limit the operational performance and profitability of the maize market and have been affecting the functionality and stability of the market.

For more detailed information about the South Africa Maize market report, click here – https://www.marknteladvisors.com/research-library/south-africa-maize-market.html

Scope of the Report and South Africa Maize Market Segmentation:

By Maize Type

• White Maize- Market Size & Forecast 2019-2030F, USD Million
• Yellow Maize- Market Size & Forecast 2019-2030F, USD Million

By Product Type

• Maize Meal- Market Size & Forecast 2019-2030F, USD Million
• Maize Flour- Market Size & Forecast 2019-2030F, USD Million
• Maize Porridge- Market Size & Forecast 2019-2030F, USD Million
• Others (Maize Samp, Maize Rice, etc.) - Market Size & Forecast 2019-2030F, USD Million

By Application

• Human Consumption- Market Size & Forecast 2019-2030F, USD Million
• Animal Feed- Market Size & Forecast 2019-2030F, USD Million
• Industrial Uses- Market Size & Forecast 2019-2030F, USD Million

Out of these, human consumption remained the largest market segment in South Africa, this position highlights the necessity of corn in the daily meals of millions of people.

South Africa Maize Market Competitive 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

Geographical Analysis:

By Region

• East
• Central
• North
• South
• West

Note: If you require specific information not covered in the current report, we can provide it through customized option

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