Africa Ruminant Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Ruminant Feed Premix Market Analysis
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.
Africa Ruminant Feed Premix Market Trends
This section covers the major market trends shaping the Africa Ruminant Feed Premix Market according to our research experts:
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.
Africa Ruminant Feed Premix Industry Overview
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.
Africa Ruminant Feed Premix Market Leaders
BASF SE
Cargill Inc.
ADM Animal Nutrition
Land O Lakes
Nutreco NV
*Disclaimer: Major Players sorted in no particular order
Africa Ruminant Feed Premix Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Ingredient Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Minerals
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5.1.6 Other Ingredient Types
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5.2 Geography
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5.2.1 South Africa
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5.2.2 Egypt
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5.2.3 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Cargill Incorporated
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6.3.3 Charoen Pokphand
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6.3.4 Archer Daniels Midland Company
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6.3.5 Lallemand Inc.
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6.3.6 Godrej Agrovet Limited
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6.3.7 Nutreco NV
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Africa Ruminant Feed Premix Industry Segmentation
Based on the FAO data, feed premix is defined as a uniform mixture of certain micro-ingredients, which includes vitamins, minerals, antibiotics and other drugs, with a diluent or carrier. The purpose of these premixes is to enable uniform dispersion of the micro-ingredients in the overall feed mix. These premixes can be used in the manufacturing process or even by the farmer in preparing an on-farm feed formulation. The Africa Ruminant Feed Premix Market is segmented By Ingredient Type into (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredient Types) in the countries like South Africa and Rest of Africa.
| Ingredient Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredient Types |
| Geography | |
| South Africa | |
| Egypt | |
| Rest of Africa |
Africa Ruminant Feed Premix Market Research FAQs
What is the current Africa Ruminant Feed Premix Market size?
The Africa Ruminant Feed Premix Market is projected to register a CAGR of 2.40% during the forecast period (2024-2029)
Who are the key players in Africa Ruminant Feed Premix Market?
BASF SE, Cargill Inc., ADM Animal Nutrition, Land O Lakes and Nutreco NV are the major companies operating in the Africa Ruminant Feed Premix Market.
What years does this Africa Ruminant Feed Premix Market cover?
The report covers the Africa Ruminant Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Ruminant Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Ruminant Feed Premix Industry Report
Statistics for the 2024 Africa Ruminant Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Ruminant Feed Premix analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
