The Africa ruminant feed premix market is projected to register a CAGR of 2.4% during the forecast period 2020-2025. Africa is predicted to play an important role in the ruminant feed premix segment. The growth of this industry is dependent on two broad aspects: increasing demand for ruminant meats or dairy and the overall increase of the feed additives market. The mounting awareness of the safety of meat and milk products is another crucial factor in the use of such premixes. Given that the development of the premixes is mainly to address the specific nutritional needs and inherent genetic potential of animals, the stringent government regulations are pushing the industry to better accommodate feed premises in their manufacturing processes.
Key Market Trends
Growth in Compound Feed Industry
According to the AllTech feed 2019 survey, Africa has seen a 5% increase in the overall feed production, particularly morocco seeing a holistic increase in feed production across all the species. The overall growth in the region was constituted by the ruminant and poultry sector. The industry is driven by factors such as increasing meat consumption across the globe and growth in the processed meat industry due to an increase in the income of the middle-class population in developing countries. Demand for the high-quality compound feed from the livestock industry due to increased industrial production of meat and dairy products has elicited the growth in consumption of the compound feed and feed additives. The large scale producers and meat manufacturers use the additive premixes to ensure a steady supply of nutrients to the animals, enhance production and performance. Hence this trend is further anticipated to increase the demand for feed premix in the region.
Increased Meat Consumption is Driving the Market
Food safety has become a paramount issue for many governments around the world, especially in Africa. Consumers are currently more aware and they give importance to the external, as well as nutritional quality attributes of the meat they consume. The animals often stand in their own waste and are under constant stress that affects their immune system, thus, making them prone to infection. In such situations, farmers opt for feed premixes to reduce the spread of diseases. The use of feed premix with enzymes and vitamins provides balanced nutrition to animals and protects them against harmful environmental influences. Increased meat consumption and production in the region tend to increase the demand for feed premix for quality feed production and usage taking the quality and safety consideration among the countries.
Competitive Landscape
The African ruminant feed premix market is considerably fragmented and companies like BASF, Cargill Inc., Danisco Animal Nutrition, Archer Daniels Midland Co. (ADM), and Nutreco, are some of the major players in the Africa ruminant feed premix market. These companies focus on expanding their businesses, and they are increasing their investments in R&D activities for launching new products with better, latest, and new features.
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Key Market Trends
Growth in Compound Feed Industry
According to the AllTech feed 2019 survey, Africa has seen a 5% increase in the overall feed production, particularly morocco seeing a holistic increase in feed production across all the species. The overall growth in the region was constituted by the ruminant and poultry sector. The industry is driven by factors such as increasing meat consumption across the globe and growth in the processed meat industry due to an increase in the income of the middle-class population in developing countries. Demand for the high-quality compound feed from the livestock industry due to increased industrial production of meat and dairy products has elicited the growth in consumption of the compound feed and feed additives. The large scale producers and meat manufacturers use the additive premixes to ensure a steady supply of nutrients to the animals, enhance production and performance. Hence this trend is further anticipated to increase the demand for feed premix in the region.
Increased Meat Consumption is Driving the Market
Food safety has become a paramount issue for many governments around the world, especially in Africa. Consumers are currently more aware and they give importance to the external, as well as nutritional quality attributes of the meat they consume. The animals often stand in their own waste and are under constant stress that affects their immune system, thus, making them prone to infection. In such situations, farmers opt for feed premixes to reduce the spread of diseases. The use of feed premix with enzymes and vitamins provides balanced nutrition to animals and protects them against harmful environmental influences. Increased meat consumption and production in the region tend to increase the demand for feed premix for quality feed production and usage taking the quality and safety consideration among the countries.
Competitive Landscape
The African ruminant feed premix market is considerably fragmented and companies like BASF, Cargill Inc., Danisco Animal Nutrition, Archer Daniels Midland Co. (ADM), and Nutreco, are some of the major players in the Africa ruminant feed premix market. These companies focus on expanding their businesses, and they are increasing their investments in R&D activities for launching new products with better, latest, and new features.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Cargill Incorporated
- Charoen Pokphand
- Archer Daniels Midland Company
- Lallemand Inc.
- Godrej Agrovet Limited
- Nutreco NV
Methodology
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