Africa Feed Vitamins Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 142.18 Billion |
| Market Size (2029) | USD 177.18 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Feed Vitamins Market Analysis
The Africa Feed Vitamins Market size is estimated at USD 142.18 billion in 2024, and is expected to reach USD 177.18 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The COVID-19 pandemic has slowed down the operations though, with staff shortages and new sanitary guidelines for operation and processing. Feed companies have ensured necessary supplies to farmers to safeguard the health and welfare of their animals and to maintain the production level on farms. The increasing meat consumption in the region is the prime driver of the market along with increasing awareness among the farmers about the benefits of the feed additives. South Africa dominates the market in terms of value because of the well-developed animal industry. The market is consolidated with few players holding a major share in the market.
Africa Feed Vitamins Market Trends
This section covers the major market trends shaping the Africa Feed Vitamins Market according to our research experts:
Increasing Live Stock Production Drives The Market
A large number of African countries are characterized by the constant growth of livestock and meat processing industries. Meat, eggs, and milk have been the main source of diet in many African Countries. Government support and the demand from meat processing industries are boosting animal production in the region. For instance, The number of cattle production was recorded as 355.0 million in 2018 increasing to 362.0 million in 2019 . Feed vitamins are gaining popularity among the animal production industry to improve feed quality and animal health. Therefore the growing animal production industry is acting as a primary driver of the market.
South Africa Dominates the Market
South Africa has a well-developed livestock industry among all the African countries. It accounts for the major share of the feed vitamins market. It has a market-oriented animal farming industry that includes cattle, dairy, pigs, sheep, goats, and rabbits. It also has very well-developed poultry and dairy industry. The country has 126 million cattle, 52 million goats and 13 million pigs, and 220 million sheep, respectively in 2019. The continuous production of animals and increasing meat consumption stand as a backbone for the South African feed vitamins industry.
Africa Feed Vitamins Industry Overview
Africa feed additive market is consolidated with a few players holding the major share of the market. Vitafor Nv, BASF SE, Pfizer, Inc., Pharmavite and Zinpro Corporation are some of the leading players in the region. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market.
Africa Feed Vitamins Market Leaders
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Zinpro Corporation
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Vitafor
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Pharmavite
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Pfizer
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Africa Feed Vitamins Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 A
- 5.1.2 E
- 5.1.3 B
- 5.1.4 C
- 5.1.5 Others
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5.2 Animal Type
- 5.2.1 Ruminant
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Horse
- 5.2.5 Others
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5.3 Geography
- 5.3.1 South Africa
- 5.3.2 Egypt
- 5.3.3 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Adisseo France S.A.S (France)
- 6.3.2 Archer Daniels Midland Co. (US)
- 6.3.3 Bactolac Pharmaceutical, Inc. (US)
- 6.3.4 BASF SE (Germany)
- 6.3.5 DSM Nutritional Products Ltd. (Switzerland) II-77
- 6.3.6 Lonza Group Ltd. (Switzerland)
- 6.3.7 Attrium Innovations, Inc. (Canada)
- 6.3.8 GlaxoSmithKline Plc (UK)
- 6.3.9 Pfizer, Inc. (US)
- 6.3.10 Ferrosan Holdings A/S (Denmark)
- 6.3.11 Pharmavite LLC (US)
- 6.3.12 Royal DSM Nv
- 6.3.13 Vitafor Nv
- 6.3.14 Vitec Nutrition Ltd.
- 6.3.15 Zinpro Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
** Subject To AvailablityAfrica Feed Vitamins Industry Segmentation
Feed vitamins are supplements included in the animal feeds in small amounts for the overall growth, well-being, and performance of the livestock. The deficiency of vitamins can be adverse to the health of the animals and will also lead to a wide range of diseases. Vitamin supplements are considered necessary in animal feeds for all kinds of livestock, and this has traditionally fuelled the animal feed vitamin market. The Africa Feed Vitamins Market is segmented by Type (A, E, B, C, and Others), Animal Type (Ruminant, Poultry, Swine, Aquaculture, Pet Food, Horses), and Geography (South Africa, Egypt, and Rest of Africa).
Africa Feed Vitamins Market Research FAQs
How big is the Africa Feed Vitamins Market?
The Africa Feed Vitamins Market size is expected to reach USD 142.18 billion in 2024 and grow at a CAGR of 4.5% to reach USD 177.18 billion by 2029.
What is the current Africa Feed Vitamins Market size?
In 2024, the Africa Feed Vitamins Market size is expected to reach USD 142.18 billion.
Who are the key players in Africa Feed Vitamins Market?
Zinpro Corporation, Vitafor, Pharmavite, Pfizer and BASF SE are the major companies operating in the Africa Feed Vitamins Market.
What years does this Africa Feed Vitamins Market cover, and what was the market size in 2023?
In 2023, the Africa Feed Vitamins Market size was estimated at USD 136.06 billion. The report covers the Africa Feed Vitamins Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Feed Vitamins Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Feed Vitamins Industry Report
Statistics for the 2024 Africa Feed Vitamins market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Feed Vitamins analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
