Africa Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.95 Billion |
| Market Size (2029) | USD 27.10 Billion |
| CAGR (2024 - 2029) | 4.31 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Compound Feed Market Analysis
The Africa Compound Feed Market size is estimated at USD 21.95 billion in 2024, and is expected to reach USD 27.10 billion by 2029, growing at a CAGR of 4.31% during the forecast period (2024-2029).
- To some extent, raw materials for animal feed are adequately available in the animal feed market of Africa, particularly maize, the major ingredient required by many of the animal feed manufacturers in the country.
- In the last few decades, Africa has witnessed a significant rise in per capita income, which has led to urbanization and an improved standard of living. Rapid growth in disposable income, coupled with globalization, increased meat consumption, in turn boosting the feed industry in South Africa.
- South Africa dominates the market due to the growing demand for meat and animal products which is the major driving factor behind the growth of the African compound feed market. The use of compound feed is particularly significant in intensive livestock production systems. This has resulted in the rapid growth of these systems in Africa, mainly due to the shortage of land and abundance of labor. It is a positive sign for the feed market.
Africa Compound Feed Market Trends
Need for Increasing The Livestock Productivity
- Due to the rapid growth of urbanization, globalization, increasing health concerns, and disposable income, meat consumption is increasing in the region. Rising preference towards quality and protein-rich diet patterns is shifting consumers towards increased meat intake, particularly poultry. Hence, the consumption of poultry meat has been increasing over the years. For instance, according to the Organization for Economic Co-operation and Development (OECD), the per capita Poultry meat consumption was 31.8 kg in 2021, an increase of 0.10 kg from the previous year. The consumption is also driven by the lower price of poultry compared to other meats.
- Furthermore, livestock is an important asset in Africa, helping improve the nutritional status of its owners and contributing to economic growth. Livestock Productivity in the country was observed to be increased to meet the demand for meat and dairy products. Hence, to meet domestic consumption and reduce import dependency necessitates the livestock producers to feed quality food to the animals, thus driving the market for compound feed.
South Africa Dominates the Market
- The South African compound feed market is recording steady growth, with increased production and demand for livestock products, a rise in the population, consumption levels, and urbanization. According to the Animal Feed Manufacturers Association (AFMA), the South African compound feed industry is primarily classified into five major categories: pig, broiler, beef and sheep, dairy, and layers. In the last few years, local soybean and oil production has ramped up, resulting in economical raw materials such as oilcake and meals supplied to the animal feed industry.
- According to an Altech survey, in 2022, there was a 3.86% decrease in feed tonnage in Africa, mainly because of reductions reported in Egypt, Morocco, Kenya, and Nigeria. South Africa, on the other hand, saw an increase of more than 2%. Feed production in South Africa by animal feed manufacturers has grown yearly due to increased spending on food, especially among the middle-class, robust demand for quality meat, and recovering tourism sector. Further, according to the Alltech feed survey, the country is equipped with 74 feed mills with a total compound feed production of 12.05 million metric tons in 2021, out of which 3.5 million metric tons is for broilers, 2.3 million metric tons for dairy cows, 2.0 million metric tons for beef.
Africa Compound Feed Industry Overview
The African compound feed market is highly concentrated, with a few major companies dominating the market, like Cargill Inc, Nutreco NV, Alltech Inc., New Hope Group SA, and Novus International. Leading companies focus on acquiring feed mills and small manufacturers to expand their business in local and foreign markets. Some players have expanded their geographical presence by acquiring or merging with manufacturers in foreign markets. Expanding the business across regions and setting up a new plant for increasing production capacity and a product line has helped the companies hold more market share. The companies are also increasing the production capacities of their existing plants.
Africa Compound Feed Market Leaders
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Cargill Inc.
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New Hope Group SA
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Nutreco NV
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Alltech
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Novus International
*Disclaimer: Major Players sorted in no particular order
Africa Compound Feed Market News
- June 2022: Nutreco received a USD 4.8 million grant from the Bill & Melinda Gates Foundation. The grant aims to accelerate the implementation of localized, sustainable complete feed production in sub-Saharan Africa, driving Nutreco's purpose of Feeding the Future forward.
- February 2022: Nutreco received regulatory approval for its partnership with Unga Group Plc to form two joint ventures. This partnership will help to meet the growing demand for high-quality protein within the East African region.
Africa Compound Feed Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & 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 Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Animal Type
- 5.1.1 Ruminants
- 5.1.2 Poultry
- 5.1.3 Swine
- 5.1.4 Aquaculture
- 5.1.5 Other Animal Types
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5.2 Ingredient
- 5.2.1 Cereals
- 5.2.2 Cakes & Meals
- 5.2.3 By-products
- 5.2.4 Supplements
- 5.2.4.1 Vitamins
- 5.2.4.2 Amino Acid
- 5.2.4.3 Enzymes
- 5.2.4.4 Prebiotics and Probiotics
- 5.2.4.5 Acidifiers
- 5.2.4.6 Other Supplements
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5.3 Geography
- 5.3.1 South Africa
- 5.3.2 Egypt
- 5.3.3 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill Inc.
- 6.3.2 Alltech Inc.
- 6.3.3 Novus International
- 6.3.4 New Hope Group
- 6.3.5 Land O Lakes Purina
- 6.3.6 Archer Daniels Midland
- 6.3.7 Neovia Group
- 6.3.8 Charoen Pokphand Foods PCL
- 6.3.9 Nutreco NV
- 6.3.10 Meadow Feeds.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAfrica Compound Feed Industry Segmentation
Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, not containing additives.
The Africa compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, not containing additives. The African compound feed market is segmented by animal type (ruminants, poultry, swine, aquaculture, and others), ingredients (cereal, cakes & meals, by-products, and supplements), and geography. The supplement segment is further segmented into vitamins, amino acids, enzymes, acidifiers, probiotics, prebiotics, and other supplements. The report offers market estimation and forecasts in value (USD thousand) for the above-mentioned segments.
The report offers market estimation and forecasts in value (USD thousand) for the above-mentioned segments.
| Animal Type | Ruminants | |
| Poultry | ||
| Swine | ||
| Aquaculture | ||
| Other Animal Types | ||
| Ingredient | Cereals | |
| Cakes & Meals | ||
| By-products | ||
| Supplements | Vitamins | |
| Amino Acid | ||
| Enzymes | ||
| Prebiotics and Probiotics | ||
| Acidifiers | ||
| Other Supplements | ||
| Geography | South Africa | |
| Egypt | ||
| Rest of Africa |
Africa Compound Feed Market Research FAQs
How big is the Africa Compound Feed Market?
The Africa Compound Feed Market size is expected to reach USD 21.95 billion in 2024 and grow at a CAGR of 4.31% to reach USD 27.10 billion by 2029.
What is the current Africa Compound Feed Market size?
In 2024, the Africa Compound Feed Market size is expected to reach USD 21.95 billion.
Who are the key players in Africa Compound Feed Market?
Cargill Inc., New Hope Group SA, Nutreco NV, Alltech and Novus International are the major companies operating in the Africa Compound Feed Market.
What years does this Africa Compound Feed Market cover, and what was the market size in 2023?
In 2023, the Africa Compound Feed Market size was estimated at USD 21.04 billion. The report covers the Africa Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Compound Feed Industry Report
Statistics for the 2024 Africa Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
