Market Size of Africa Poultry Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 21.69 Billion |
Market Size (2029) | USD 26.63 Billion |
CAGR (2024 - 2029) | 4.19 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Africa Poultry Feed Market Analysis
The Africa Poultry Feed Market size is estimated at USD 21.69 billion in 2024, and is expected to reach USD 26.63 billion by 2029, growing at a CAGR of 4.19% during the forecast period (2024-2029).
Africa's poultry business is booming because of the continent's growing population and socioeconomic expansion as Africans source their animal protein from chicken and eggs. Notably, Africa produces only 4% of the world's chicken poultry products. Thus, there is a need to enhance Africa's poultry production to match the rising consumption rates. The African Union High-Level Panel on Emerging Technologies (APET) suggests that African countries should build innovation and technological capacity to tackle these poultry-related challenges. This can extensively expand the production capacity of poultry production across Africa. APET encourages poultry farmers to utilize innovative approaches and technologies, such as automatic water dispensers, robotics, and automated feeders are emerging as key technologies to improve poultry farming in Africa. Poultry Africa will also focus on increasing local production thereby decreasing dependency on imports. However, African countries should enhance an enabling environment for farming innovation and technologies through strong investments, policies, and regulations. This can enable Africa to accomplish nutrition and food security.
- Poultry farming is one of the largest livestock segments in Africa. Increasing chicken production and the increasing demand for organic feed are other factors stimulating the growth of the market studied. As poultry birds require a higher amount of nutrients, such as protein, fat, and calcium, the application of nutritious feed and feed additives has become mandatory in the African poultry industry.
- South Africa is the largest market in the region and dominates poultry production. The poultry industry holds huge importance both for the economy and for supplying a source of quality protein to subsistence farmers and rural communities. These factors influenced the poultry market of South Africa, which offers free-range eggs, poultry, quality meat, and other items needed to start poultry farming. As the poultry industry expands, quality feed is needed to get quality outputs. Hence, these factors are expected to drive the market in the region.