Africa Compound Feed Market Size (2024 - 2029)

The Africa Compound Feed Market is experiencing growth driven by increased meat consumption and urbanization, particularly in South Africa, where the demand for meat and animal products is significant. The availability of raw materials, such as maize, supports the feed industry, while rising per capita income and globalization contribute to the expansion of the market. The use of compound feed is crucial in intensive livestock production systems, which are rapidly growing in Africa due to land shortages and labor abundance, indicating a positive trend for the market's expansion.

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Market Size of Africa Compound Feed Industry

Africa Compound Feed Market Summary
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

Africa Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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Africa Compound Feed Market Size Summary

The African compound feed market is poised for significant growth over the forecast period, driven by increasing meat consumption and urbanization. South Africa stands out as a dominant player in the market, largely due to its rising demand for meat and animal products. The availability of raw materials, particularly maize, supports the feed industry, while the rapid urbanization and globalization trends contribute to higher disposable incomes and a shift towards protein-rich diets. This shift is particularly evident in the growing consumption of poultry meat, which is favored for its affordability compared to other meats. The intensive livestock production systems, bolstered by abundant labor and limited land, further propel the demand for compound feed, ensuring a steady expansion of the market.

The South African compound feed industry is characterized by its diverse categories, including pig, broiler, beef and sheep, dairy, and layers, with local production of soybeans and oil enhancing the availability of economical raw materials. Despite a slight decrease in feed tonnage across some African countries, South Africa has experienced an increase in feed production, supported by rising middle-class spending and a recovering tourism sector. The market is highly concentrated, with major companies like Cargill Inc., Nutreco NV, and Alltech Inc. leading the charge. These companies are actively expanding their geographical presence and production capacities through acquisitions and partnerships, such as Nutreco's collaboration with Unga Group Plc, to meet the growing demand for high-quality protein in the region.

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Africa Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

        1. 2.2.4.1 Vitamins

        2. 2.2.4.2 Amino Acid

        3. 2.2.4.3 Enzymes

        4. 2.2.4.4 Prebiotics and Probiotics

        5. 2.2.4.5 Acidifiers

        6. 2.2.4.6 Other Supplements

    3. 2.3 Geography

      1. 2.3.1 South Africa

      2. 2.3.2 Egypt

      3. 2.3.3 Rest of Africa

Africa Compound Feed Market Size FAQs

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.

In 2024, the Africa Compound Feed Market size is expected to reach USD 21.95 billion.

Africa Compound Feed Market Report Snapshots

Africa Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)