Market Size of South Africa Grain Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 8.37 Billion |
| Market Size (2029) | USD 11.74 Billion |
| CAGR (2024 - 2029) | 7.00 % |
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South Africa Grain Market Analysis
The South Africa Grain Market size is estimated at USD 8.37 billion in 2024, and is expected to reach USD 11.74 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
The production of grains in South Africa was not affected severely by the onset of the COVID-19 pandemic owing to the listing of grains under essential commodities. The trade movements were impacted shortly due to the restrictions, which were restored shortly. Grains contribute significantly to the agricultural sector in South Africa.
Among the grains, maize is the most prominent field crop in the country. The production of maize has increased from 16,820,000 tons in 2017 to 15,300,000 tons in 2020. The change in consumer behavior towards domestically grown foods coupled with the increased demand for food security has improved the demand for grains in the country. The growth in regional trade, technology, and mechanization advancement in this sector are some of the factors driving the market's growth in the country. Affirmative government policies along with trade policies have impacted the grains market in South Africa.
