Market Size of African Swine Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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African Swine Feed Market Analysis
The Africa swine feed market is estimated to register a CAGR of 3.9% during the forecast period. Even though pig production in Africa is small, it is accelerating at a significant rate to meet the domestic consumption demand. Therefore, the growing swine production industry in the African countries acts as a prime driver of the market. The African swine feed market is fairly competitive with few major players in the market.
African Swine Feed Industry Segmentation
Different types of swine feed are fed to the pigs in African countries to ensure the availability of essential nutrients to the animal. The African swine feed market reports present the analysis of the market size of various swine feeds along with the competitive landscape and future opportunities. The market is segmented by ingredients, by supplements, and by geography.
By Ingredient | |
Cereals | |
Cereals By Product | |
Oilseed Meal | |
Oils | |
Molasses | |
Other Ingredients |
By Supplement | |
Antibiotics | |
Vitamins | |
Antioxidants | |
Enzymes | |
Acidifiers | |
Others |
Geography | |
South Africa | |
Egypt | |
Rest of South Africa |
African Swine Feed Market Size Summary
The African swine feed market is experiencing a steady growth trajectory, driven by the increasing demand for pork, which is becoming increasingly popular alongside chicken, beef, and fish due to urbanization and population growth in the region. Despite the relatively small scale of pig production in Africa, the industry is expanding rapidly to meet domestic consumption needs. This growth is supported by the availability of mass-produced feed ingredients and a rising number of educated and skilled pig farmers, which are contributing to the flourishing pork industry across the continent. The competitive landscape of the market is characterized by a few major players who are focusing on research and development, new product launches, and strategic mergers and acquisitions to maintain their market positions and expand their influence.
South Africa stands out as a significant player in the African swine feed market, despite its relatively small commercial pig industry. The country leads in swine feed production on the continent, largely due to its modern piggeries and high feeding costs. South Africa's role as a prime exporter of swine feed is bolstered by the increasing swine production across Africa, which is expected to further enhance the country's production capabilities. The market is fairly consolidated, with key players like Cargill Inc., Kemin Industries, Nutreco N.V., Nova Feeds, and Serfco Animal Feeds holding substantial market shares. These companies are investing in research and development to innovate and maintain their competitive edge, while also pursuing strategic initiatives to strengthen their market presence.
African Swine Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Ingredient
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2.1.1 Cereals
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2.1.2 Cereals By Product
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2.1.3 Oilseed Meal
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2.1.4 Oils
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2.1.5 Molasses
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2.1.6 Other Ingredients
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2.2 By Supplement
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2.2.1 Antibiotics
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2.2.2 Vitamins
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2.2.3 Antioxidants
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2.2.4 Enzymes
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2.2.5 Acidifiers
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2.2.6 Others
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2.3 Geography
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2.3.1 South Africa
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2.3.2 Egypt
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2.3.3 Rest of South Africa
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African Swine Feed Market Size FAQs
What is the current African Swine Feed Market size?
The African Swine Feed Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in African Swine Feed Market?
Cargill Inc., Kemin Industries, Nutreco N.V., Nova Feeds and Serfco Animal Feeds are the major companies operating in the African Swine Feed Market.