Market Size of Africa Feed Antioxidants Industry
| 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 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 Size Summary
The African feed antioxidants market is experiencing steady growth, driven by the increasing demand for livestock products and the expansion of the compound feed industry. South Africa leads the region in market share, benefiting from urbanization and rising consumption levels. The availability of feed raw materials, particularly maize, plays a crucial role in the poultry feed sector, with a significant portion of yellow maize supply directed towards animal feeds. Despite the region's agricultural potential, the rising demand has led to increased imports, further boosting the need for feed antioxidants. The poultry industry, dominated by broilers and layers, continues to be a major consumer of feed antioxidants, with government efforts and growing poultry meat demand expected to support market expansion.
The market landscape is characterized by competition among local and global players, including prominent companies such as Alltech, Cargill Inc, Archer Daniels Midland Company, Nutreco N.V., and Danisco. These companies are actively engaged in developing new products to capture market share in the fragmented industry. The market's growth trajectory is supported by favorable feed prices and sustainable grain stocks, although challenges such as supply chain disruptions and disease outbreaks have impacted production levels. Overall, the African feed antioxidants market is poised for growth, driven by the dynamic poultry sector and strategic initiatives by key industry players.
Africa Feed Antioxidants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 BHA
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2.1.2 BHT
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2.1.3 Ethoxyquin
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2.1.4 Others
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2.2 Animal Type
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Others
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2.3 Country
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2.3.1 South Africa
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2.3.2 Egypt
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2.3.3 Algeria
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2.3.4 Rest of Africa
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Africa Feed Antioxidants Market Size 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.
