Africa Feed Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Feed Antioxidants Market Analysis
The African feed antioxidants market was valued at USD 14.3 million in 2019 and is anticipated to witness a CAGR of 3.4% during the forecast period. During the period 2019-20, South Africa had garnered the largest share accounting for 24% of the overall feed antioxidants market in the region. The South African compound feed market is recording steady growth, with the increase in production and demand for livestock products, a rise in the population and consumption levels, and urbanization being the main propellants. This in turn is likely to accelerate the use of feed antioxidants in the compound feed manufacturing in the years to come.
Africa Feed Antioxidants Market Trends
This section covers the major market trends shaping the Africa Feed Antioxidants Market according to our research experts:
Rising Status of Compound Feed Production to Drive the Antioxidant Demand
The African compound feed production was peaked at 40.6 million metric tons during 2018-19, with the increasing availability of feed raw materials in the region. Maize is one of the most commonly used ingredients in the poultry production, with maize alone constituting approximately 55% of the produced feed. The poultry feed industry primarily uses yellow maize. For instance, during 2017-18, of the overall supply of yellow maize in the country, which peaked at 5 million metric tons, 89% was directed to the animal feeds, including the poultry segment. Despite the potential agricultural supply of feed raw materials, the country has begun to import it, primarily owing to the rising feed demand, thereby anticipated to accelerate the feed antioxidant sales in the years to come.
South Africa to Dominate the Feed Antioxidants Market
The estimates released by the Food and Agricultural Organization (FAO) in 2018, the poultry population in the country was nearly 176.3 million heads, of which broilers and layers together accounted for nearly 99.3% of the total poultry population. As per the estimates released by Alltech Inc., in 2019, the broiler feed production in the country peaked at 3.39 million metric tons. The year started with favorable feed prices and sustainable grain stocks in the country. However, at the beginning of 2018, a heavy spotlight was thrown on the meat sector, especially attributing to the outbreak of listeriosis. The declining imports of broiler products over the past few years have eroded the demand for locally produced broiler products. Thus, the industrial production growth of broilers had settled at 3.0% in 2016, and contracted by 0.9% in 2017, and further spiked up by 5.5% in 2018. A little spike in the poultry prices was observed during the same period, particularly owing to the contraction of the maize supply and the ongoing COVID-19 outbreak in the country. However, the rising efforts of the government to organize the broiler sector, coupled with the growing demand for poultry meat, are likely to enhance the feed antioxidant sales in the years to come.
Africa Feed Antioxidants Industry Overview
The Africa feed antioxidants market has companies from the local and global arena competing among themselves on new products. Thus, the market is fragmented among these players. The major players in the market are Alltech, Cargill Inc, Archer Daniels Midland Company, Nutreco N.V., and Danisco among others.
Africa Feed Antioxidants Market Leaders
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Alltech, Inc.
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Archer Daniels Midland Company
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Cargill, Inc.
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Danisco Animal Nutrition
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DSM
*Disclaimer: Major Players sorted in no particular order
Africa Feed Antioxidants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 BHA
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5.1.2 BHT
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5.1.3 Ethoxyquin
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5.1.4 Others
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5.2 Animal Type
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5.2.1 Ruminant
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Others
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5.3 Country
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5.3.1 South Africa
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5.3.2 Egypt
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5.3.3 Algeria
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5.3.4 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Alltech, Inc.
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6.3.2 Archer Daniels Midland Company
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6.3.3 Cargill Inc
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6.3.4 Danisco
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6.3.5 DSM
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6.3.6 Novus International
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6.3.7 Nutreco NV
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6.3.8 Kemin Industries
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6.3.9 Perstorp
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Africa Feed Antioxidants Industry Segmentation
Feed additives are products that enhance animal nutrition and are added to animal feed, providing complete nutrition to farm animals. The end consumers of feed additives are feed mills that manufacture compound feed. The market scope excludes supplements directly purchased by farmers to add to the nutritional qualities of home-grown feed. The corporations in the feed additives industry operate in B2B manner and bulk dealers and distributors who buy feed additives to supply to feed mills without value addition have been excluded from the market scope, to avoid any double counting.
| Type | |
| BHA | |
| BHT | |
| Ethoxyquin | |
| Others |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Others |
| Country | |
| South Africa | |
| Egypt | |
| Algeria | |
| Rest of Africa |
Africa Feed Antioxidants Market Research FAQs
What is the current Africa Feed Antioxidants Market size?
The Africa Feed Antioxidants Market is projected to register a CAGR of 3.40% during the forecast period (2024-2029)
Who are the key players in Africa Feed Antioxidants Market?
Alltech, Inc., Archer Daniels Midland Company, Cargill, Inc., Danisco Animal Nutrition and DSM are the major companies operating in the Africa Feed Antioxidants Market.
What years does this Africa Feed Antioxidants Market cover?
The report covers the Africa Feed Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Feed Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Feed Antioxidants Industry Report
Statistics for the 2024 Africa Feed Antioxidants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Africa Feed Antioxidants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
