South Africa Animal Feed Market Trends, Share, Size, Demand, Revenue and Future Outlook
South Africa Animal Feed Market Growth, Size, Trends Analysis- By Type, By Livestock, By Raw Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: FOOD24124 | Pages: 1 - 107 | Formats*: |
| Category : Food & Beverages | |||
South Africa Animal Feed Market Introduction and Overview
According to SPER Market Research, the South Africa Animal Feed Market is estimated to reach USD XX billion by 2033 with a CAGR of 2.65%.
The report includes an in-depth analysis of the South Africa Animal Feed Market, including market size and trends, product mix, applications, and supplier analysis. Animal feed is a particularly designed nutrition supplied to domesticated animals to suit their dietary needs for growth, upkeep, and reproduction. It normally contains a variety of nutrients including as grains, proteins, vitamins, and minerals that are adapted to the individual requirements of each animal species. Quality animal feed is critical to maintaining the health, productivity, and overall well-being of livestock and poultry.
- Evonik declared in May 2023 that it would launch an improved Biolys. It would be a reliable source of lysine for animal feed. The essential amino acid L-lysine would be easier for customers to provide for their animals' needs.
- Wilbur-Ellis Nutrition and Bond Pet Foods established a partnership in April 2024 to create specialized ingredients for pet food applications. Wilbur-Ellis Nutrition and Bond have formed their second strategic cooperation with a major leader in the global pet food business.
Market Opportunities and Challenges
Opportunities-
- Technological Progress in Feed Production: Pelletizing and extrusion are two technological innovations that have changed feed production and increased animal feed efficiency. Pelletizing compresses feed materials into dense pellets, which improves digestibility and nutrient absorption. Similarly, extrusion cooks feed materials at high temperatures and pressures, increasing nutritional bioavailability. These approaches ensure that feeds have consistent quality and nutritional value, which benefits both animal health and production efficiency. For example, pelleted feeds for poultry have been found to improve feed conversion rates and growth performance.
- High demand for animal-derived products: Changing cuisines, rising incomes, and expanding populations have all contributed to an increase in demand for animal products. Animal-based proteins, such as milk, eggs, and meat, are increasingly in demand around the world.
Challenges-
- Strict regulations: Animal feed is subject to a number of stringent regulatory demands to safeguard animal safety, and animal feed manufacturers face a difficult burden in complying with these rules. These regulations have resulted in longer time-to-market and slower commercialization, which has affected animal feed sales.
- Prices of raw materials fluctuate: Prices for raw materials used to create animal feed fluctuate due to a variety of circumstances such as trade limitations, changes in economic conditions, and so on. These changes can reduce profit margins for businesses and inhibit market expansion.
Market Competitive Landscape
Manufacturers of animal feed ought to concentrate on enhancing the nutritional value of their goods in order to provide consumers with greater advantages. Another important tactic for all animal feed firms will be creating animal feed with as little synthetic chemicals as possible. Key market players are Alltech, Inc, Nutreco N.V, New Hope Liuhe Co., Ltd, Cargill, Incorporated, De Heus Voeders BV, BRF S.A, Country Bird Holdings (Limited),
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Livestock, By Raw Material |
| Regions covered | Cape, Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, North West South Africa, Northern South Africa, Western South Africa |
| Companies Covered | Alltech, Inc, Nutreco N.V, New Hope Liuhe Co., Ltd, Cargill, Incorporated, De Heus Voeders BV, BRF S.A, Country Bird Holdings (Limited), AFGRI Operations (Pty) Limited, RCL FOODS Ltd, Nova Feeds. |
COVID-19 Impact on South Africa Animal Feed Market
Globally, the spread of COVID-19 is a dangerous issue. This pandemic has a significant impact on the world economy. This deadly virus has a significant impact on the food and beverage farm industry. The closure of international ports and dining establishments worldwide has an impact on the animal feed sector as well. The market for animal feed is significantly impacted by supply chain disruption. Nonetheless, the situation has improved as a result of the disease's recovery.
By Livestock Analysis
The poultry industry is fueled by rising consumer demand for lean and inexpensive protein sources. Poultry products, such as chicken and eggs, provide an affordable and adaptable protein source for a diverse worldwide population. Furthermore, altering dietary tastes toward healthier options increase demand for lean meats, which aligns with poultry's image as a lean protein source. In line with this, advances in poultry production technologies help to improve efficiency and productivity. Innovations in genetics, feed formulations, and biosecurity measures boost chicken development rate and disease resistance, resulting in higher production and profitability for producers.
Key Target Audience
- Livestock Farmers (cattle, poultry, sheep, and pig farmers)
- Dairy Farmers
- Aquaculture Producers
- Feed Manufacturers and Processors
- Agricultural Cooperatives
- Veterinarians and Animal Nutritionists
- Distributors and Wholesalers
- Retailers and Farm Supply Stores
- Government and Regulatory Bodies
- Research Institutions and Academics in Animal Science
- Exporters and Importers of Animal Feed Products
Our in-depth analysis of the South Africa Animal Feed Market includes the following segments:
| By Type: | |
| By Livestock: | |
| By Raw Material: | |
| By Region: |
Key Topics Covered in the Report
- South Africa Animal Feed Market Size (FY’2024-FY’2033)
- Overview of South Africa Animal Feed Market
- Segmentation of South Africa Animal Feed Market By Type (Fodder and Forage, Compound Feed)
- Segmentation of South Africa Animal Feed Market By Livestock (Pork, Aquatic Animal, Cattle, Poultry, Others)
- Segmentation of South Africa Animal Feed Market By Raw Material (Soy, Corn, Others)
- Statistical Snap of South Africa Animal Feed Market
- Expansion Analysis of South Africa Animal Feed Market
- Problems and Obstacles in South Africa Animal Feed Market
- Competitive Landscape in the South Africa Animal Feed Market
- Impact of COVID-19 and Demonetization on South Africa Animal Feed Market
- Details on Current Investment in South Africa Animal Feed Market
- Competitive Analysis of South Africa Animal Feed Market
- Prominent Players in the South Africa Animal Feed Market
- SWOT Analysis of South Africa Animal Feed Market
- South Africa Animal Feed Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the South Africa Animal Feed Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Africa Animal Feed Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Africa Animal Feed Market
7. South Africa Animal Feed Market, By Type (USD Million) 2020-2033
7.1. South Africa Animal Feed Market Size, Share and Forecast, By Type, 2020-20267.2. South Africa Animal Feed Market Size, Share and Forecast, By Type, 2027-20337.3. Fodder and Forage7.4. Compound Feed
8. South Africa Animal Feed Market, By Livestock (USD Million) 2020-2033
8.1. South Africa Animal Feed Market Size, Share and Forecast, By Livestock, 2020-20268.2. South Africa Animal Feed Market Size, Share and Forecast, By Livestock, 2027-20338.3. Pork8.4. Aquatic Animal8.5. Cattle8.6. Poultry8.7. Others
9. South Africa Animal Feed Market, By Raw Material (USD Million) 2020-2033
9.1. South Africa Animal Feed Market Size, Share and Forecast, By Raw Material, 2020-20269.2. South Africa Animal Feed Market Size, Share and Forecast, By Raw Material, 2027-20339.3. Soy9.4. Corn9.5. Others
10. South Africa Animal Feed Market Forecast, 2020-2033 (USD Million)
10.1. South Africa Animal Feed Market Size and Market Share
11. South Africa Animal Feed Market, By Region, 2020-2033 (USD Million)
11.1. South Africa Animal Feed Market Size and Market Share By Region (2020-2026)11.2. South Africa Animal Feed Market Size and Market Share By Region (2027-2033)11.3. Cape11.4. Eastern Cape11.5. Free State11.6. Gauteng11.7. KwaZulu-Natal11.8. Limpopo11.9. Mpumalanga11.10. North West South Africa,11.11. Northern South Africa11.12. Western South Africa
12. Company Profile
12.1. Alltech, Inc
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Nutreco N.V
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. New Hope Liuhe Co., Ltd
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Cargill, Incorporated
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. De Heus Voeders BV
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. BRF S.A
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Country Bird Holdings (Limited)
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. AFGRI Operations (Pty) Limited
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. RCL FOODS Ltd
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Nova Feeds
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the Market include Companies Covered Alltech, Inc, Nutreco N.V, New Hope Liuhe Co., Ltd, Cargill, Incorporated, De Heus Voeders BV, BRF S.A, Country Bird Holdings (Limited), AFGRI Operations (Pty) Limited, RCL FOODS Ltd, Nova Feeds.
Animal feed is a particularly designed nutrition supplied to domesticated animals to suit their dietary needs for growth, upkeep, and reproduction.
South Africa Animal Feed Market is projected to reach USD XX billion by 2033, growing at a CAGR of 2.65% during the forecast period.
South Africa Animal Feed Market grew in Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 2.65% during the forecast period.
South Africa Animal Feed Market CAGR of 2.65% during the forecast period.
You can get the sample pages by clicking the link - Click Here
South Africa Animal Feed Market size is USD XX billion from 2024 to 2033.
South Africa Animal Feed Market Segment is covered By Type, By Livestock, By Raw Material.
The Middle East is anticipated to have the highest Market share in the South Africa Animal Feed Market.
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