Market Size of africa feed enzymes Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 67.31 Million |
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Market Size (2029) | USD 82.23 Million |
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Largest Share by Sub Additive | Carbohydrases |
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CAGR (2024 - 2029) | 4.09 % |
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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 Enzymes Market Analysis
The Africa Feed Enzymes Market size is estimated at 67.31 million USD in 2024, and is expected to reach 82.23 million USD by 2029, growing at a CAGR of 4.09% during the forecast period (2024-2029).
67.31 Million
Market Size in 2024 (USD)
82.23 Million
Market Size in 2029 (USD)
1.63 %
CAGR (2017-2023)
4.09 %
CAGR (2024-2029)
Largest Market by Sub-Additive
49.98 %
value share, Carbohydrases, 2023
Carbohydrases is the largest segment due to their ability to increase the intake of protein, minerals, and lipids from feed. They also help in the digestion of non-soluble polysaccharides.
Largest Market by Country
47.72 %
value share, South Africa, 2023
South Africa is the largest market because of increased feed production, rising demand for meat and livestock products, and increased feed enzyme usage.
Fastest-growing Market by Sub-Additive
4.09 %
Projected CAGR, Carbohydrases, 2024-2029
Carbohydrases is the fastest growing segment due to increased demand for meat and meat products and awareness about the benefits of healthy animal diets for animal productivity.
Fastest-growing Market by Country
4.72 %
Projected CAGR, South Africa, 2024-2029
Increased feed production, rising demand for meat and livestock products, and increased feed enzyme usage are the factors that made South Africa the fastest-growing market in the region.
Leading Market Player
5.30 %
market share, DSM Nutritional Products AG, 2022
DSM Nutritional Products AG is the market leader as it expanded its presence in South Africa to provide products by establishing a new R&D center in the country.
- The African feed enzymes market showed slow growth in recent years, accounting for only 3.8% of the total feed additives market in 2022. However, South Africa emerged as a dominant player in the region, accounting for 47.4% of the market share due to its significant feed production of 11 million metric tons in 2022.
- Although the market witnessed a decline of 28% in 2019 due to reduced feed production as a result of Avian flu and ASF outbreaks, carbohydrases emerged as a significant feed enzyme in the market due to their ability to increase the intake of protein, minerals, and lipids from animal feed. The carbohydrases segment accounted for 50% of the feed enzymes market in 2022.
- Among animal types, poultry birds are the largest segment of the feed carbohydrases segment, accounting for 57.9% of the market share in 2022, as carbohydrases aid in the digestion of non-soluble polysaccharides.
- South Africa is the fastest-growing country in Africa, and it is expected to register a CAGR of 4.7% during the forecast period (2023-2029). However, both carbohydrases and phytases are growing at an equal rate in the region and are expected to record a CAGR of 4.1% each during the forecast period.
- Factors such as the increasing awareness of the usage of feed additives and the demand for meat and livestock are expected to drive the African feed enzymes market's growth. It is expected to record a CAGR of 4.1% during the forecast period as enzymatic action increases the amount of cereal absorbed in an animal body, particularly when cereal prices are high.
Understand The Key Trends Shaping This Market
- The African feed enzymes market experienced moderate growth of 6.0% during 2017-2022, with a share by value of approximately 3.7% in the global feed additives market. However, the region faced a sudden dip in 2019 due to the collapsed GDP growth of major countries, such as South Africa, leading to reduced consumer spending power and decreased feed production.
- Despite the setback, South Africa remained the largest country-wise segment in the African feed enzymes market, accounting for around USD 29.5 million in 2022, followed by Egypt with USD 11.1 million. Poultry birds were the largest consumers of feed enzymes, accounting for a 55.7% share by value in 2022, while ruminants, swine, and aquaculture accounted for shares of 32.2%, 7.5%, and 3.5%, respectively. Due to the growing demand for pork, the swine feed enzymes market is expected to grow at the fastest rate, with a CAGR of 4.9% during the forecast period (2023-2029).
- In 2022, the African region produced approximately 131 million metric ton of compound feed for all animal types, with South Africa accounting for more than 29% of the share. In 2021, South Africa held more than an 8% share of the poultry bird segment in the African region.
- The rising demand for meat and increasing awareness of healthy animal diets are driving the growth of feed enzyme consumption in the region. As a result, the African region of the global feed enzyme market is projected to record a CAGR of 4.1% between 2023 and 2029, providing ample opportunities for key players to expand their business in the African feed enzymes market.
