South Africa Feed Additives Market - Segmented by Additive Type, by Animal Type - Growth, Trends, and Forecast (2018 - 2023)

The market size of South African feed additive industry was estimated at a value of over USD 509 million in 2017 and is expected to cross USD 658 million by the end of the forecast period. The South African feed additives market is showing steady growth with increased production and growing demand for livestock products, increase in the population, consumption, and urbanization being the main drivers. Higher production, rise in Raw material costs and management costs in the market is a major concern for the South African feed additives market.

South Africa Compound Feed Consumption

The feed industry in South Africa has witnessed a steady consumption of additives over the last five years. The growth is due to increased awareness among the farmers about the positive effects of additives on animal health and thus eventually on growth and productivity of animals. The ban by the European Union on some feed additives especially feed additives is another reason for increased consumption in the market as the government is focused on strengthening the trade ties of meat between the regions. The gradual growing awareness among the consumers about the ill effects of the residues of additives and growth stimulants is further expected to drive the market during the forecast period.

The market for feed additives is expected to show a positive trend and measures taken by critical players for market development, such as awareness campaigns and research facilities are expected to boost the market growth. The lack of research facilities for the testing and development of quality strains is hindering the growth of the market.

South African Broiler Facing Problem Due to High Feed Prices

At present, broiler production in South Africa is under pressure because of high feed prices. The feed prices are growing due to severe drought in the region. Due to this drought problem, South Africa had already increased it meat import by 20% in 2016 to 500,000 tons. Feed is one of the significant expenses in poultry production and also accounted nearly up to 70% of the price to produce a bird. In 2015, the internal broiler production was about 1.4 million tons and only slightly increased in 2016, whereas the import increased more rapidly and by the end of 2018, it is expected to see a growth of approximately 6% if feed prices drop.

Key Developments in the Market

• February 2018: Canadian Bio-Systems launched Feedcheck Soy, a new tool that allows for rapid, on-site analysis of soybean meal quality


• January 2018: Alltech anticipated that global production of animal feed in 2017 topped more than 1 billion Metric Ton for the second year in a row as increased consumption of meat, dairy products, and eggs drives growth in the industry


• January 2018: DSM and Evonik have established a new company, Veramaris V.O.F., for the production of omega-3 fatty acids EPA and DHA from natural marine algae for animal nutrition. The 50:50 joint venture is headquartered at the DSM Biotech Campus in Delft (Netherlands)

Major Players: BASF SE, ALLTECH INC., CARGILL INC, DSM NUTRITIONAL PRODUCTS INC., EVONIK INDUSTRIES AG, NOVUS INTERNATIONAL INC., amongst others.

Reasons to Purchase this Report

• Analyzing various perspectives of the market with the help of Porter’s five forces analysis


• Detailed analysis on the product type that is expected to dominate the market


• Detailed analysis on the regions that are expected to witness fastest growth during the forecast period


• Identifying the latest developments, market shares, and strategies employed by the major market players


• 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements.

This product will be delivered within 2 business days.