The Africa swine feed market is estimated to register a CAGR of 3.9% during the forecast period. Even though pig production in Africa is small, it is accelerating at a significant rate to meet the domestic consumption demand. Therefore, the growing swine production industry in the African countries acts as a prime driver of the market. The African swine feed market is fairly competitive with few major players in the market.
Key Market Trends
Rising Swine Production Drives the Market
Urbanization and population surge in African countries have put pork close to chicken, beef, and fish in popularity. In addition to this, the availability of mass-produced feed ingredients and an increasing number of educated and skilled pig farmers catalyzed the pork industry to flourish, meeting the increasing demand. The total pig production in the continent was recorded as 36.8 million in 2016, increasing to 40.5 million in 2018. Therefore, accelerating hog production coupled with the increasing consumption demand is anticipated to boost the swine feed market in the region.
South Africa Dominates in Terms of Production
The commercial pig industry in South Africa is relatively small with a few modern piggeries with modern facilities and high feeding costs. Even though swine production in the country is relatively small, the country tops the list of swine feed producers in the continent. According to the Alltech feed survey, The country produced 1.03 million metric tons of swine feed in 2019, which is 75% of the total Africa production. Increasing swine production across the continent is anticipated to boost the swine feed production in South Africa for the reason that it is one of the prime exporters of swine feed in Africa.
Competitive Landscape
African swine feed market is fairly consolidated with few players holding a major part of market share. Investment in R&D projects is the key strategy of these players to maintain the top position in the market. The Players are also focused on new product launches, mergers, and acquisitions to expand their presence and strengthen their brand image.
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Key Market Trends
Rising Swine Production Drives the Market
Urbanization and population surge in African countries have put pork close to chicken, beef, and fish in popularity. In addition to this, the availability of mass-produced feed ingredients and an increasing number of educated and skilled pig farmers catalyzed the pork industry to flourish, meeting the increasing demand. The total pig production in the continent was recorded as 36.8 million in 2016, increasing to 40.5 million in 2018. Therefore, accelerating hog production coupled with the increasing consumption demand is anticipated to boost the swine feed market in the region.
South Africa Dominates in Terms of Production
The commercial pig industry in South Africa is relatively small with a few modern piggeries with modern facilities and high feeding costs. Even though swine production in the country is relatively small, the country tops the list of swine feed producers in the continent. According to the Alltech feed survey, The country produced 1.03 million metric tons of swine feed in 2019, which is 75% of the total Africa production. Increasing swine production across the continent is anticipated to boost the swine feed production in South Africa for the reason that it is one of the prime exporters of swine feed in Africa.
Competitive Landscape
African swine feed market is fairly consolidated with few players holding a major part of market share. Investment in R&D projects is the key strategy of these players to maintain the top position in the market. The Players are also focused on new product launches, mergers, and acquisitions to expand their presence and strengthen their brand image.
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:
- Nutreco NV
- Novus International
- Kemin Industries, Inc.
- Cargill, Incorporated.
- Novafeeds
- Alltech, Inc.
- Serfco Feeds
- Elanco
Methodology
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