South Africa Agriculture Market Insights Forecasts to 2033

• The South Africa Agriculture Market Size was valued at USD 15.04 Billion in 2023.
• The Market Size is Growing at a CAGR of 7.18% from 2023 to 2033
• The South Africa Agriculture Market size is Expected to reach USD 30.10 Billion by 2033

The South Africa Agriculture Market Size is anticipated to reach USD 30.10 Billion by 2033, Growing at a CAGR of 7.18% from 2023 to 2033

Market Overview

The science, artwork, or profession connected with cultivating land, elevating crops, and feeding, breeding, and raising cattle is usually included in agriculture. The South African agricultural zone, which incorporates a huge range of farming activities from crop manufacturing to horticulture, is being pushed through growing demand for wholesome food as the population grows and ingesting tastes shift. Despite hurdles in climatic situations and tillage knowledge, the market, which incorporates sectors together with agronomy, animal husbandry, and ranching, is anticipated to amplify, aided by authorities’ packages that promote cultivation and favorable legislation. The increasing population of the country has increased the demand for agricultural food.

Report Coverage

This research report categorizes the market for the South Africa agriculture based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Africa agriculture market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Africa agriculture market.

Driving Factors

One of the factors with an enormous bearing on the future of agriculture is unpredictable population growth in the world. Traditional agriculture has now reached its limits, and the resources remaining include water and scarcer arable land for further expansion. Major agricultural reforms are needed to achieve universal food security in the face of rising demand. It is important to focus on expanding production - growing more food on less land - and committing to more sustainable practices. Major agricultural reforms are needed to achieve universal food security in the face of rising demand. It is important to focus on expanding production, growing more food on less land, and committing to more sustainable practices. This requires adopting new practices such as precision farming with targeted inputs for higher yields. Ultimately, meeting the needs of a growing population depends on our ability to innovate, use resources efficiently, and find sustainable alternatives.

Restraining Factors

The biggest weakness in future agriculture of developing countries is a lack of investment in infrastructure and research work. Most of these areas have old and problematic systems of irrigation. Electricity has been the most vital factor, especially with many being withheld from farmers. Poor roads also bring in a loss in potential and revenue. Lack of infrastructure hampers the market and adoption of emerging technologies. However limited investment for research and development hampers the development of agricultural varieties. Without these innovative local solutions, farmers will continue to face climate change and shortages.

Market Segmentation

The South Africa agriculture market share is classified into type, nature, and distribution channel.

• The crop production segment is expected to hold the largest market share through the forecast period.

The South Africa agriculture market is segmented by type into animal produce, rural activities, and crop production. Among these, the crop production segment is expected to hold the largest market share through the forecast period.  Crop production holds its prime sector position in this, as the country has produced remarkable quantities of sugarcane, maize, grass, and oilseeds. The agricultural sector happens to be the most important in the national economy.

• The organic segment is expected to dominate the South Africa agriculture market during the forecast period.       

According to nature, the South Africa agriculture market is divided into organic and conventional. Among these, the organic segment is expected to dominate the market during the forecast period. Of all these categories, organic farming takes the first priority as organic farming has no problems associated with it, whereas conventional farming does. Due to the high usage of fertilizers in conventional agriculture, the soil gets polluted and faces a sudden and undesirable impact. Of all these, organic farming obtains the first priority since organic farming contains disadvantages of conventional farming. Traditional agriculture is hooked on high consumption of fertilizers, which has led the soil to be polluted and adversely and impacted.

• The supermarkets/ hypermarkets segment is expected to hold the largest market share through the forecast period.

Based on the distribution channel, the South African agriculture market can be divided into convenience stores, supermarkets/ hypermarkets, e-commerce, and others. Among these, supermarkets/ hypermarkets segment is expected to hold the largest market share through the forecast period. Supermarkets are mainly utilized for farming and hold a greater advantage over online shops. Supermarkets offer several offers and discounts that raise the demand for such stores.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Africa agriculture market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Deere and Company
• AGCO Corporation
• CNH Industrial NV
• Mahindra & Mahindra South Africa Pty Ltd
• Kubota Corporation
• Sasol Limited
• Bayer Crop Science AG
• Syngenta AG
• BASF SE
• CF Industries Holdings
• ICL Group Ltd
• Land O' Lakes (Villa Crop Protection (Pty) Ltd)
• K+S AG 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Africa, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the South Africa agriculture market based on the below-mentioned segments:

South Africa Agriculture Market, By Type

• Animal produce
• Crop production
• Rural activities

South Africa Agriculture Market, By Nature

• Organic
• Conventional

South Africa Agriculture Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• E-Commerce
• Others