The Africa feed additives market size is estimated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to enlarging meat utilization.
The feed additives are the product used in animal’s nutrition for enlargement of the quality of food from animal’s origin and to improve the animal health. Feed additives involve minerals, amino acids, vitamins, fatty acids, and steroidal compounds. The additives might oscillate digestibility, hygiene and effect on intestinal health. Distiller’s grains, corn gluten feed, and soybean meal are some examples of animal feed additives.
The Covid-19 pandemic affected the demand and supply of Africa feed additives market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness and demand for hygienic, healthy, and nutritious products is estimated to drive the Africa feed additives market.
- Factors such as high consumption, low production cost of poultry meat production is boosting the Africa feed additives market.
- Government support and large scale of application of livestock-based products such as eggs and meat, dairy and dairy-based products drive the feed additives market.
- Increasing prices of raw materials is anticipated to hamper the market growth.
- Use of antibiotics in livestock and poultry industry as a feed additive ban in different countries is estimated to hinder the market.
- Bann on the antimicrobial compounds commonly used in diets of poultry farming is expected to propel the feed additives market.
Scope of Feed Additives Market Report
The report on the Africa feed additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Africa Feed Additives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Minerals, Prebiotics, Probiotics, Vitamins, and Others), Animal Types (Ruminant, Swine, Poultry, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Kemin Industries, Inc.; Allied Nutrition; Novus International; Cargill, Incorporated; Nutreco NV
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Feed Additives Market Segment Insights
The amino acids segment is expected to grow at a rapid pace
Base on types, the Africa feed additives market is segmented into acidifiers, amino acids, antibiotics, antioxidants, binders, enzymes, minerals, prebiotics, probiotics, vitamins, and others. The amino acids segment is expected to grow at a rapid pace during the forecast period due to increasing consumption and awareness of nutritious & healthy meat, eggs and dairy products.
The ruminant segment is projected to expand at a considerable CAGR
On the basis of animal types, the market is segregated into ruminant, swine, poultry, and others. The ruminant segment is projected to expand at a considerable CAGR during the forecast period due to wide consumption and increasing cattle production. On the other hand, the swine segment is anticipated to account for a major share during the forecast period due to high level of meat requirement. However, the poultry segment is anticipated to hold a key share of the market in the coming years due to increasing demand for meat and eggs.
Africa is anticipated to constitute a key market share
In terms of regions, the Africa feed additives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Africa is expected to constitute a key market share during the projected period. Africa include market align animal industry that involves pigs, goat, cattle and rabbits. It has well developed dairy and poultry industries.
Segments
The Africa feed additives market has been segmented on the basis of
Types
- Acidifiers
- Amino Acids
- Antibiotics
- Antioxidants
- Binders
- Enzymes
- Minerals
- Prebiotics
- Probiotics
- Vitamins
- Others
Animal types
- Ruminant
- Swine
- Poultry
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
Competitive Landscape
Key players competing in the Africa feed additives market are Kemin Industries, Inc.; Allied Nutrition; Novus International; Cargill, Incorporated; Nutreco NV.
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
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