Market Size of South Africa Maize Industry
| 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 % |
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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 production in South Africa has increased in the recent past. According to the Crop Estimates Committee (CEC), maize production increased by 6.0% during the 2020-2021 cropping season compared to the previous.
- On a local level, maize is the most widely grown field crop and the most important source of carbohydrates in southern Africa. South Africa is currently the continent's leading maize producer, with the majority of output concentrated in the North West region, the Free State, the Mpumalanga Highveld, and the KwaZulu-Natal Midlands. Currently, white maize accounts for over half of the total output of human consumption. Regions such as Free State, Mpumalanga, and the North-West provinces accounted for 84.0% of the overall production of maize in the country in 2020-2021.
- Maize By Products has a wide potential for various industries in the domestic market. According to Grain South Africa, maize by-products are currently being used in animal feed, food industry, textile and paper, pharmaceuticals, and the alcohol industry in South Africa. As these allied markets are increasing, the demand for maize is expected to grow during the forecast period.
