Market Size of Africa Feed Vitamins Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 142.18 Billion |
| Market Size (2029) | USD 177.18 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Feed Vitamins Market Analysis
The Africa Feed Vitamins Market size is estimated at USD 142.18 billion in 2024, and is expected to reach USD 177.18 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The COVID-19 pandemic has slowed down the operations though, with staff shortages and new sanitary guidelines for operation and processing. Feed companies have ensured necessary supplies to farmers to safeguard the health and welfare of their animals and to maintain the production level on farms. The increasing meat consumption in the region is the prime driver of the market along with increasing awareness among the farmers about the benefits of the feed additives. South Africa dominates the market in terms of value because of the well-developed animal industry. The market is consolidated with few players holding a major share in the market.
