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Africa Feed Additives Market Size, Share & Growth | 2031
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Africa Feed Additives Market Size, Share & Growth | 2031

Segments - Africa Feed Additives Market by Types (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Minerals, Prebiotics, Probiotics, Vitamins, and Others), Animal Types (Ruminant, Swine, Poultry, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Vishal Golekar

Upcoming | Report ID :HC-3160 | 4.8 Rating | 80 Reviews | 198 Pages | Format : PDF Excel PPT

Report Description


Africa Feed Additives Market Outlook 2031:

The Africa feed additives market size was valued at USD 1.65 Billion in 2022 and is projected to reach USD 2.33 Billion by 2031, expanding at a CAGR of 3.9% during the forecast period 2023 - 2031. 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.

Africa Feed Additives Market Outlook

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.

  • 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.

Attributes

Details

Report Title

Africa Feed Additives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Minerals, Prebiotics, Probiotics, Vitamins, and Others), Animal Types (Ruminant, Swine, Poultry, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Kemin Industries, Inc.; Allied Nutrition; Novus International; Cargill, Incorporated; Nutreco NV

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.

Africa Feed Additives Market Types

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 Feed Additives Market Animal Type

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.

Africa Feed Additives Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Feed Additives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Feed Additives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Feed Additives Market - Supply Chain
  4.5. Global Feed Additives Market Forecast
     4.5.1. Feed Additives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Feed Additives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Feed Additives Market Absolute $ Opportunity
5. Global Feed Additives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Feed Additives Market Size and Volume Forecast by Types
     5.3.1. Acidifiers
     5.3.2. Amino Acids
     5.3.3. Antibiotics
     5.3.4. Antioxidants
     5.3.5. Binders
     5.3.6. Enzymes
     5.3.7. Minerals
     5.3.8. Prebiotics
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Feed Additives Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Feed Additives Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Feed Additives Demand Share Forecast, 2019-2026
7. North America Feed Additives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Feed Additives Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Feed Additives Market Size and Volume Forecast by Types
     7.4.1. Acidifiers
     7.4.2. Amino Acids
     7.4.3. Antibiotics
     7.4.4. Antioxidants
     7.4.5. Binders
     7.4.6. Enzymes
     7.4.7. Minerals
     7.4.8. Prebiotics
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Feed Additives Demand Share Forecast, 2019-2026
8. Latin America Feed Additives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Feed Additives Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Feed Additives Market Size and Volume Forecast by Types
     8.4.1. Acidifiers
     8.4.2. Amino Acids
     8.4.3. Antibiotics
     8.4.4. Antioxidants
     8.4.5. Binders
     8.4.6. Enzymes
     8.4.7. Minerals
     8.4.8. Prebiotics
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Feed Additives Demand Share Forecast, 2019-2026
9. Europe Feed Additives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Feed Additives Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Feed Additives Market Size and Volume Forecast by Types
     9.4.1. Acidifiers
     9.4.2. Amino Acids
     9.4.3. Antibiotics
     9.4.4. Antioxidants
     9.4.5. Binders
     9.4.6. Enzymes
     9.4.7. Minerals
     9.4.8. Prebiotics
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Feed Additives Demand Share Forecast, 2019-2026
10. Asia Pacific Feed Additives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Feed Additives Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Feed Additives Market Size and Volume Forecast by Types
     10.4.1. Acidifiers
     10.4.2. Amino Acids
     10.4.3. Antibiotics
     10.4.4. Antioxidants
     10.4.5. Binders
     10.4.6. Enzymes
     10.4.7. Minerals
     10.4.8. Prebiotics
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Feed Additives Demand Share Forecast, 2019-2026
11. Middle East & Africa Feed Additives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Feed Additives Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Feed Additives Market Size and Volume Forecast by Types
     11.4.1. Acidifiers
     11.4.2. Amino Acids
     11.4.3. Antibiotics
     11.4.4. Antioxidants
     11.4.5. Binders
     11.4.6. Enzymes
     11.4.7. Minerals
     11.4.8. Prebiotics
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Feed Additives Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Feed Additives Market: Market Share Analysis
  12.2. Feed Additives Distributors and Customers
  12.3. Feed Additives Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Kemin Industries, Inc
     12.4.2. Allied Nutrition
     12.4.3. Novus International
     12.4.4. Cargill, Incorporated
     12.4.5. Nutreco NV

Methodology

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