Market Trends of Africa Feed Vitamins Industry
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.
