Market Size of South Africa Compound Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.10 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South Africa Compound Feed Market Analysis
The South Africa compound market feed is projected to register a CAGR of 4.1%, during the forecast period. The South African compound feed market is recording steady growth due to the increase in mass production of livestock driven by a rise in the population and consumption levels, and urbanization. Aquaculture production is becoming more popular with the increasing government focus to strengthen its trade ties regarding the sales of meat, between the region is another factor driving the demand for compound feed. In 2019, Nutreco acquired Animal Nutrition and Health (ANH) the South African premix company. ANH will be integrated into the Trow Nutrition South Africa. This acquisition would increase its activities and helps to further expand its market presence.
South Africa Compound Feed Industry Segmentation
Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.
Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Other Animal Types |
Ingredient | |
Cereals | |
Cakes & Meals | |
By-products | |
Supplements |
South Africa Compound Feed Market Size Summary
The compound animal feed market in South Africa is experiencing steady growth, driven by factors such as increased livestock production, rising population, and urbanization. The demand for compound feed is further bolstered by the growing popularity of aquaculture, supported by government initiatives to enhance trade ties in meat sales. The acquisition of Animal Nutrition and Health by Nutreco and its integration into Trow Nutrition South Africa exemplifies strategic moves to expand market presence. The rising disposable income and health concerns have fueled the demand for meat products, creating opportunities for feed manufacturers to boost animal productivity. The increasing per capita meat consumption, particularly in poultry, beef, and veal, underscores the expanding market for compound feed.
The aquafeed industry expansion presents additional opportunities for the compound feed market, as these feeds improve fish immunity and performance. The local wild fishery sector remains crucial for the nation's food supply and coastal community livelihoods, with government and private sector investments supporting sustainable growth. Initiatives like Operation Phakisa: Oceans Economy highlight the government's commitment to developing the aquaculture sector, further driving the demand for compound feed. Leading companies, including Cargill Inc., Archer Daniels Midland, and Nutreco NV, are actively expanding their geographical presence through acquisitions and mergers, both locally and internationally, to strengthen their market position in South Africa.
South Africa Compound 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 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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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 Ruminants
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2.1.2 Poultry
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2.1.3 Swine
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2.1.4 Other Animal Types
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2.2 Ingredient
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2.2.1 Cereals
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2.2.2 Cakes & Meals
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2.2.3 By-products
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2.2.4 Supplements
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South Africa Compound Feed Market Size FAQs
What is the current South Africa Compound Feed Market size?
The South Africa Compound Feed Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in South Africa Compound Feed Market?
Cargill Inc., Novus International, Archer Daniels Midland, Alltech Inc. and New Hope Group are the major companies operating in the South Africa Compound Feed Market.