Africa Animal Feed Market (2024-2030) | Growth, Size, Companies, Analysis, Share, Industry, Value, Outlook, Revenue, Forecast & Trends

Topics Covered in the Africa Animal Feed Market

Africa Animal Feed Market report thoroughly covers the market by countries, by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Africa Animal Feed Market Synopsis

Africa Animal Feed Market is the industry that cultivates and processes feed for the animals that are present in the wildlife reserve. The Africa animal feed market primarily needs to cater to the needs of herbivorous animals such as zebras, giraffes, and elephants. Such animals primarily depend on hay, pellets, and grains for their daily intake. This market also includes the production of fatted livestock, poultry, and other domestic animals that form a significant part of African agriculture.

According to 6Wresearch, the Africa Animal Feed Market size is expected to grow enormously during the forecast period of 2024-2030. The demand for high-quality animal protein is a key driving force for the Africa animal feed market. As the population rises and diets improve, there is a growing demand for dairy, meat, and eggs- all of which require significant amounts of feed. Additionally, the increasing urbanization and disposable incomes have increased the demand for processed food, with a focus on quality and safety. This has led to a demand for high-value animal protein, which in turn, fuels the animal feed market.

The growth of the industry is hampered by inadequate infrastructure, inconsistent quality, high prices of raw materials, and low production capacities. Most of the raw materials used for animal feed production, such as soybeans and corn, are imported from other countries, making the feed prices expensive, and thus affecting livestock farmers’ profits. Additionally, the lack of consistent quality and variety in the feed leads to improper nutrition, delays in animal growth, and low milk yield. Apart from this, the Africa animal feed industry presents significant opportunities for investors, entrepreneurs, and farmers. The increasing demand for protein coupled with large populations that are yet to be reached by the industrialization of the animal protein production sector, and the availability of low-cost labor, makes the market ripe for investment. Additionally, the rise of digital technology and precision agriculture is helping to streamline the production process, reduce feed wastage, and improve the quality of animal protein production.

Government policies and schemes introduced in the Africa Animal Feed Market 

The animal feed market is an essential component of the African economy. It plays a significant role in supporting livelihoods and maintaining food security in the region. However, this industry has faced some challenges that have hindered its growth. Some of the progressive government policies aimed at making this sector flourish as well as the leading players who have had a significant impact on the industry. In recent years, the government has implemented various policies to improve the animal feed industry's production and marketing.

One government initiative is the formulation of the Common Market for Eastern and Southern Africa (COMESA) Regulations. This aims to improve trade routes by easing the import of animal feed ingredients across borders. Another policy is the establishment of the Africa Continental Free Trade Agreement (AfCFTA). This dream initiative provides opportunities for businesses to access a larger market, effectively reducing the cost of production through economies of scale. Also, the agreement removes barriers to trade, making products readily accessible across borders, further increasing competition, and driving the Africa Animal Feed Market Growth.

Leading players in the Africa Animal Feed Market

The leading players in Africa animal feed industry are those that have contributed to the growth of the sector through innovation and a keen understanding of market trends. One of the significant players is the Nigeria-based Animal Care Services Konsult (ACSK). The company has a strong presence in Nigeria and provides animal feed for poultry, aquatic mammals, and ruminants. Another key player in the animal feed market is Royal De Heus. Based in the Netherlands, the company has a presence in more than 75 countries, with an extensive portfolio of animal feed products that cater to various livestock farming. Starschema is another notable player in the animal feed market, primarily in South Africa. The company develops digital solutions to help with herd management, thereby increasing animal feed efficiency.

Market analysis by Type

According to Dhaval, Research Manager, 6Wresearch, Probiotics have gained attention as a growing segment and forecast to dominate the Africa Animal Feed Market Share due to the increasing emphasis on gut health in livestock and the desire to reduce reliance on antibiotics. 

Market Analysis by Countries

Based on Countries, the South Africa registers a sound growth and is expected to dominate the market share in the forthcoming years due to increase in production and demand for livestock.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Africa Animal Feed Market Outlook
• Market Size of Africa Animal Feed Market, 2023
• Forecast of Africa Animal Feed Market, 2030
• Historical Data and Forecast of Africa Animal Feed Revenues & Volume for the Period 2020 - 2030
• Africa Animal Feed Market Trend Evolution
• Africa Animal Feed Market Drivers and Challenges
• Africa Animal Feed Price Trends
• Africa Animal Feed Porter's Five Forces
• Africa Animal Feed Industry Life Cycle
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Africa Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Africa Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• Africa Animal Feed Top Companies Market Share
• Africa Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• Africa Animal Feed Company Profiles
• Africa Animal Feed Key Strategic Recommendations

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others

By Countries

• South Africa
• Nigeria
• Kenya
• Rest Of Africa

Africa Animal Feed Market (2023-2029): FAQs