Nigeria’s Feed Additives Industry Growth | Opportunities and Upcoming Projects |
Market Entry-Feed Additives Industry in Nigeria: Analysis of Growth, Trends and Progress (2016 - 2021)

PUBLISHED

DEC 2017

Market Entry-Feed Additives Industry in Nigeria: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

Amino acids and phosphates dominate the global feed additives market with 40% and 26% market share respectively. All the other segments (vitamins, non-protein nitrogen, carotenoids, and enzymes) combined contribute to the remaining 34% of the market. Growing preference for white meat, especially in India and China, is expected to drive poultry feed additive demand over the next six years. However, the difference in regulations in various countries affects the global meat market adversely, especially in the developing and developed nations. The poultry industry in the Asia-Pacific region benefits from lenient feed related regulations. Swine and poultry feed sector is dominated by Asia-Pacific, as China claims the largest animal feed additives market, worth over USD 5.1 billion. Another leading player in this region is India, with its rich agro-technological advantage. Addiseo, BASF, Lonza and Novus International, are few international players holding a significant share in the market.

About the Geography

Nigeria is a presidential republic located in West Africa. It is the second largest economy and the highest producer of oil & gas in Africa. Nigeria has the third largest FDI stock in Africa,since the country remains Africa's largest producer of oil.

Nigeria has a privatized economy, low cost of labor, and abundant natural resources. The government promotes public-private partnerships and has liberal economic policies, which help maintain good relations with foreign firms. Being the seventh largest population in the world it is also the largest market in Africa. Foreign companies can own 100% of the business in all sectors except for industries critical to the nation’s security. Widespread corruption, poor infrastructure, terrorism, inefficient judicial system, and political instability have reduced the influx of foreign investment.

Despite these challenges, Nigeria received USD 80 billion in FDI in 2015. Bilateral trade agreements and treaties with many countries and tax incentives in all major industries have motivated investors to invest here.

 

Component Name

Unit

GDP (USD billion)

481

GDP Annual Growth Rate

-2.06

GDP Per Capita

2548

Unemployment Rate

13.3

Inflation Rate

17.6

Consumer Price Index (CPI)

206

Interest Rate

14

Balance of Trade (USD billion)

0.0932

Business Confidence

-24.1

Ease of Doing Business

169

Competitiveness Rank

127

Corruption Rank

136

Consumer Confidence

-28.2

Consumer Spending (USD billion)

38.502

Bank Lending Rate (Consumers)

17.18

Corporate Tax Rate

30

Sales Tax Rate

5

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Feed Additives Industry by Type (USD millions)

                4.1 Antibiotics

                4.2 Vitamins

                4.3 Antioxidants

                4.4 Amino Acids

                4.5 Enzymes

                4.6 Acidifiers

                4.7 Mycotoxin Detoxifiers

                4.8 Prebiotics

                4.9 Probiotics

                4.10 Palatability Enhancers

                4.11 Feed Pigments

                4.12 Feed Binders

                4.13 Others

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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