South Africa Compound Feed Market Size (2024 - 2029)

The compound animal feed market in South Africa is experiencing steady growth, driven by factors such as increased livestock production due to rising population and consumption levels, as well as urbanization. The growing popularity of aquaculture production, supported by government efforts to enhance trade ties in meat sales, is also contributing to the market's expansion. Additionally, strategic acquisitions, like that of a local premix company, are further bolstering market presence and activities.

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Market Size of South Africa Compound Feed Industry

Feed
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.10 %

Major Players

South Africa Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Africa Compound Feed Market Analysis

The South Africa compound market feed is projected to register a CAGR of 4.1%, during the forecast period. The South African compound feed market is recording steady growth due to the increase in mass production of livestock driven by a rise in the population and consumption levels, and urbanization. Aquaculture production is becoming more popular with the increasing government focus to strengthen its trade ties regarding the sales of meat, between the region is another factor driving the demand for compound feed. In 2019, Nutreco acquired Animal Nutrition and Health (ANH) the South African premix company. ANH will be integrated into the Trow Nutrition South Africa. This acquisition would increase its activities and helps to further expand its market presence.

South 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, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.

Animal Type
Ruminants
Poultry
Swine
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
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South Africa Compound Feed Market Size Summary

The compound animal feed market in South Africa is experiencing steady growth, driven by factors such as increased livestock production, rising population, and urbanization. The demand for compound feed is further bolstered by the growing popularity of aquaculture, supported by government initiatives to enhance trade ties in meat sales. The acquisition of Animal Nutrition and Health by Nutreco and its integration into Trow Nutrition South Africa exemplifies strategic moves to expand market presence. The rising disposable income and health concerns have fueled the demand for meat products, creating opportunities for feed manufacturers to boost animal productivity. The increasing per capita meat consumption, particularly in poultry, beef, and veal, underscores the expanding market for compound feed.

The aquafeed industry expansion presents additional opportunities for the compound feed market, as these feeds improve fish immunity and performance. The local wild fishery sector remains crucial for the nation's food supply and coastal community livelihoods, with government and private sector investments supporting sustainable growth. Initiatives like Operation Phakisa: Oceans Economy highlight the government's commitment to developing the aquaculture sector, further driving the demand for compound feed. Leading companies, including Cargill Inc., Archer Daniels Midland, and Nutreco NV, are actively expanding their geographical presence through acquisitions and mergers, both locally and internationally, to strengthen their market position in South Africa.

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South 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 Force 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 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

South Africa Compound Feed Market Size FAQs

The South Africa Compound Feed Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

Cargill Inc., Novus International, Archer Daniels Midland, Alltech Inc. and New Hope Group are the major companies operating in the South Africa Compound Feed Market.

South Africa Compound Feed Market Report Snapshots

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