Market Size of Africa Poultry Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 21.69 Billion |
Market Size (2029) | USD 26.63 Billion |
CAGR (2024 - 2029) | 4.19 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Africa Poultry Feed Market Analysis
The Africa Poultry Feed Market size is estimated at USD 21.69 billion in 2024, and is expected to reach USD 26.63 billion by 2029, growing at a CAGR of 4.19% during the forecast period (2024-2029).
- The demand for poultry products is driven by several factors, including population growth and urbanization, with many Africans sourcing their animal protein from chicken and eggs. For instance, the African population is growing rapidly, with the United Nations projecting a population of 2.5 billion by 2050. This population growth, combined with increasing urbanization and rising incomes, is driving the demand for poultry products, which is anticipated to drive demand for poultry feed during the forecast period. However, according to the FAO, Africa produces only 6.3% of the world's chicken meat production as of 2022, indicating a need to enhance production to meet increasing consumption.
- South Africa is one of the largest poultry producers in the region. The poultry industry holds huge importance both for the economy and for supplying a source of quality protein to subsistence farmers and rural communities. For instance, South Africa is the second-largest producer of chicken meat in Africa, producing 1.8 million tonnes in 2022. However, the South African poultry industry is facing challenges due to the avian influenza outbreak. Additionally, in February 2024, the South African government introduced a temporary rebate on import tariffs for chicken meat to address potential shortages due to avian influenza outbreaks. This move has significant implications for the domestic poultry production and feed industry, which are projected to experience negative effects.
- The African Union High-Level Panel on Emerging Technologies (APET) suggests that African countries should build innovation and technological capacity to tackle these poultry-related challenges. This can extensively expand the production capacity of poultry production across Africa. APET encourages poultry farmers to utilize innovative approaches and technologies, such as automatic water dispensers, robotics, and automated feeders are emerging as key technologies to improve poultry farming in Africa.
- Additionally, Poultry Africa aims to increase local production, thereby decreasing import dependency. However, African countries should enhance an enabling environment for farming innovation and technologies through substantial investments, policies, and regulations. This can enable Africa to accomplish nutrition and food security.
- Poultry farming is one of the largest livestock segments in Africa. Increasing chicken production and increasing demand for organic feed are other factors stimulating the market's growth. Poultry birds require a higher amount of nutrients, such as protein, fat, and calcium, making the application of nutritious feed and feed additives essential in the African poultry industry. Therefore, the African poultry feed market is projected to experience significant growth during the forecast period, driven by the increasing demand and improving production standards.
Africa Poultry Feed Industry Segmentation
The food for farm poultry, including chickens, ducks, geese, and other domestic birds, is referred to as poultry feed. Healthy poultry requires protein and carbohydrates, the necessary vitamins, dietary minerals, and an adequate supply of water supplied through the feed. For this report, only feed sold commercially has been considered. The homemade feed has been excluded from the scope.
The African poultry feed market is segmented by animal type (layer, broiler, turkey, and other animal types), ingredient type (cereal, oilseed meal, molasses, fish oil, and fish meal, supplements, and other ingredient types), and geography (South Africa, Algeria, Nigeria, Ethiopia, Morocco, and Rest of Africa). The report offers the market size and forecasts in terms of both value (USD) and volume (metric tons) for all the above segments.
Animal Type | |
Layer | |
Broiler | |
Turkey | |
Other Animal Types |
Ingredient Type | |
Cereals | |
Oilseed Meal | |
Molasses | |
Fish Oil and Fish Meal | |
Supplements | |
Other Ingredient Types |
Geography | |
South Africa | |
Algeria | |
Nigeria | |
Ethiopia | |
Morocco | |
Rest of Africa |
Africa Poultry Feed Market Size Summary
The African poultry feed market is poised for significant growth, driven by increasing demand for poultry products due to rapid population growth, urbanization, and rising incomes across the continent. Poultry farming is a major segment of Africa's livestock industry, with chicken meat being a preferred source of protein due to its affordability and perceived health benefits. Despite the continent's substantial consumption of poultry products, domestic production has not kept pace with demand, leading to a reliance on imports. This gap presents a lucrative opportunity for the poultry feed industry to expand production capabilities and reduce import dependency. Countries like South Africa and Egypt are at the forefront of this growth, with well-established poultry industries and ongoing investments in infrastructure and technology.
The market landscape is characterized by a mix of global and regional players, with companies like Cargill Inc., Kemin Industries, Nutreco, Nova Feeds, and Serfco actively engaging in strategies such as product innovation, mergers, and acquisitions to enhance their market presence. Recent investments and expansions, such as Nutreco's new production facility in Nigeria and Olam Agri's acquisition in Senegal, underscore the dynamic nature of the market. Additionally, technological advancements and innovative farming practices are being encouraged to boost production capacity and efficiency. As the demand for high-quality poultry feed continues to rise, the African poultry feed market is expected to experience robust growth, supported by strategic investments and a focus on reducing import reliance.
Africa Poultry Feed 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 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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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 Animal Type
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2.1.1 Layer
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2.1.2 Broiler
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2.1.3 Turkey
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2.1.4 Other Animal Types
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2.2 Ingredient Type
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2.2.1 Cereals
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2.2.2 Oilseed Meal
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2.2.3 Molasses
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2.2.4 Fish Oil and Fish Meal
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2.2.5 Supplements
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2.2.6 Other Ingredient Types
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2.3 Geography
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2.3.1 South Africa
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2.3.2 Algeria
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2.3.3 Nigeria
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2.3.4 Ethiopia
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2.3.5 Morocco
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2.3.6 Rest of Africa
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Africa Poultry Feed Market Size FAQs
How big is the Africa Poultry Feed Market?
The Africa Poultry Feed Market size is expected to reach USD 21.69 billion in 2024 and grow at a CAGR of 4.19% to reach USD 26.63 billion by 2029.
What is the current Africa Poultry Feed Market size?
In 2024, the Africa Poultry Feed Market size is expected to reach USD 21.69 billion.