Africa Eubiotics Market Size

Africa Eubiotics Market Analysis

The Africa Eubiotics Market size is estimated at USD 0.9 billion in 2024, and is expected to reach USD 1.23 billion by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).

The restrictions imposed by African governments, such as restrictions on transportation and nationwide lockdowns to mitigate the spread of the COVID-19 virus during the pandemic, led to adverse effects on the industry. These included manufacturing facilities remaining closed, the movement of raw materials and finished goods being restricted, and manpower becoming unavailable due to restrictions. This resulted in economic loss to various eubiotics manufacturing companies. As restrictions were relaxed, the African eubiotics market witnessed a slight increment.

The growing demand for animal production in line with the increasing population and improving the standard of living coupled with growing health concerns over the usage of antibiotics are the factors driving the demand for eubiotics in the region. By type, probiotics was the largest segment, accounting for a majority of the share in 2021. Due to the increased environmental concerns by animal farmers coupled with strict regulations imposed by the European Union, the market for probiotics is projected to grow over the coming years. In terms of geography, South Africa was the largest market in the region, holding the majority market share in 2021. An increase in production and demand for livestock products, a rise in the population and consumption levels, and increasing urbanization are factors resulting in the rising demand for eubiotics in South Africa during the forecast period.