Market Size of africa feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.78 Billion |
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Market Size (2029) | USD 2.15 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 3.92 % |
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Largest Share by Country | South Africa |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Feed Additives Market Analysis
The Africa Feed Additives Market size is estimated at 1.78 billion USD in 2024, and is expected to reach 2.15 billion USD by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).
1.78 Billion
Market Size in 2024 (USD)
2.15 Billion
Market Size in 2029 (USD)
1.43 %
CAGR (2017-2023)
3.92 %
CAGR (2024-2029)
Largest Market by Additive
24.77 %
value share, Amino Acids, 2023
Amino acids is the largest segment due to the increase in the demand for meat products and the increase in awareness to balance the gut pH and reduce the occurrence of infections.
Largest Market by Country
45.99 %
value share, South Africa, 2023
South Africa is the largest market in the region because of the moderately higher feed production and higher penetration rates due to the increased usage of feed additives.
Fastest-growing Market by Additive
4.33 %
Projected CAGR, Antioxidants, 2024-2029
The demand for antioxidants is growing at the fastest rate as there is an increase in demand for poultry feed. Antioxidants also help to increase the feed's shelf life and avoid poultry diseases.
Fastest-growing Market by Country
4.55 %
Projected CAGR, South Africa, 2024-2029
Due to the rising consumption of feed amino acids, South Africa is the fastest-growing market in the region. These amino acids help increase the meat content and milk quality in animals.
Leading Market Player
4.22 %
market share, Adisseo, 2022
Adisseo is the largest player in the market because it has good research capabilities, 600 global patents, and can develop new products for the region.
- In 2022, the African feed additives market accounted for USD 1.65 billion, an increase of 5.0% during 2017-2022. There was a sudden dip in 2019, mainly due to collapsed GDP growth of major countries like South Africa, where the spending power of consumers reduced drastically. Hence, feed production reduced drastically in the region in 2019.
- Among feed additives, amino acids are largely used in animal feeds. In 2022, amino acids accounted for USD 408 million of the African feed additives market. Amino acids were largely consumed by poultry birds, accounting for 57% of the total amino acids market in the region. Amino acids are used to synthesize proteins, and lysine and methionine are the most crucial amino acids used for animals' growth and health maintenance.
- In 2022, feed binders were the second most consumed feed additives in the region, accounting for USD 219.7 million of feed additives. Feed binders are used to strengthen pellets, improve pellets' integrity, durability, and stability, reduce nutrient leaching, and prevent fragmentation of pellets during handling, transportation, and storage.
- Minerals, probiotics, prebiotics, acidifiers, and mycotoxin detoxifiers are the major feed additives widely used in the region, accounting for USD 186, 121.5, 116.4, 116.3, and 101.8 million share values of the African feed additives market, respectively. These feed additives help improve growth performance, enable easy absorption of nutrients, and maintain the animals' gut health.
- With the expansion of the meat industry and increasing demand for quality meat and animal-based products, the demand for healthy diets has increased significantly. Thus, the demand for feed additives in the region is anticipated to increase, registering a CAGR of 3.9% during 2023-2029.
Understand The Key Trends Shaping This Market
- The African feed additives market saw significant growth in recent years, with a market value of USD 1.65 billion in 2022, accounting for 5.0% of the global feed additives market value. This growth is expected to continue, with an estimated 25.7% increase between 2023 and 2029, as the demand for meat and meat products continues to rise in the region. However, in 2019, the market declined by 23.5% compared to 2018 due to the Avian flu and African swine flu incidence in the region, leading to reduced feed production.
- South Africa was the largest country in the region in terms of market value, with around USD 0.75 billion in 2022. The country's moderately higher feed production and penetration rates contributed to its higher market share. South Africa was also the fastest-growing country in the region, with a CAGR of 4.5% during the forecast period.
- Poultry birds were the largest animal type in the region, accounting for 54.9% of the total feed additives market value in 2022 due to an increase in the demand for poultry meat and the benefits of additives in promoting animal growth. Ruminants were the second-largest animal type, with a market share of 32.8% in 2022.
- Broilers, layers, and dairy cattle were the largest animals in the region, occupying 34%, 20%, and 19% of the market share in 2022, respectively. The usage of feed additives increases the meat content of these animals, which was a significant driving factor in the usage of additives in these animals.
- The growing demand for meat and meat products, along with an increase in investments in the production of animals, is expected to drive the feed additives market in the region, registering a CAGR of 3.9% during the forecast period.
