Market Insights and Analysis: South Africa Maize Market Overview and Projections (2024-2030)
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.
Top leading companies in the South Africa Maize Market includes:
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
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.
Access the detailed PDF Sample report– https://www.marknteladvisors.com/query/request-sample/south-africa-maize-market.html
Report Segmentation:
The market is categorized into the following segments in the report:
By Maize Type
-White Maize
-Yellow Maize
- Among these, white maize witnessed high growth in the South Africa Maize Market mainly because of the high consumption of this product by humans.
By Product Type
-Maize Meal
-Maize Flour
-Maize Porridge
-Others (Maize Samp, Maize Rice, etc.)
By Application
-Human Consumption
-Animal Feed
-Industrial Uses
Explore Our Comprehensive Study Reports – https://www.marknteladvisors.com/research-library/south-africa-maize-market.html
South Africa Maize Market Geographic Reach:
The Geographic Reach of the South Africa Maize Market evaluates the spread and significance of South Africa Maize market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- East
- Central
- North
- South
- West
Note: If you require specific information not covered in the current report, we can provide it through customized option
Related Reports: –
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
