The African meat is expected to rise sharply in the coming few decades. By 2050, the meat market by volume sales is projected to reach 35 million tons and that of milk about 82 million tons, almost on par with the Latin American and South Asian markets. Other than the growing demand for organic foods, phytogenics are primarily preferred for their production value wherein they considerably reduce the cost of production. Poultry segment is the largest segment in the continent with a high consumer preference and potential for growth. Market in Africa is recorded as $24.1 Million in 2015 and estimated to grow at a CAGR of 2.6% during the period of 2015-2020.
The rising income levels and developing status would be the key driver for the market in Africa. South Africa, Egypt, Botswana, and Rwanda are estimated to be the most prosperous and rapidly developing countries in Africa.
The key characteristic of the market is that the present production levels will not be able to bridge the supply demand gap, thus making Africa a net importer of meats and meat related products. This is making African market more attractive to global players.
Key players involved in the production of Feed phytogenics are Biomin, Delacon, Kemin , DuPont etc. All these companies are investing huge amounts in R&D focusing on new and innovative products and also for the publicity of such products. Mergers, Acquisitions and Partnerships are some of the common strategies employed by the companies to increase the range of their products and thus expand their market share.
Scope of the Study:
1.1 Research Methodology
1.2 Definition of the Market
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.1.1 Increased demand for organic meat
3.1.2 Growth in Industrial production of livestock
3.1.3 Advancements in compound feed production
3.2.1 Restrictive Government regulations
3.3.1 Ban on Anti-biotics
3.3.2 Rise in the cost of natural feeds
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Types
4.1.3 Essential oils
4.2 By Application
4.3 By Geography
188.8.131.52 South Africa
5. Competitive Landscape
5.1 Major strategies adopted by Companies
5.2 Most active companies in the past five years
5.3 Market Share Analysis
6. Company Profiles
6.2 Delacon Biotechnik
6.3 PANCOSMA SA
6.4 Nor-Feed Sud
6.5 Bayir extract Pvt. Ltd
6.11 Natural Remedies
6.13 A&A Pharmachem Inc.