The compound feed market in South Africa recorded a revenue of USD XX million in 2016 and is expected to grow at a CAGR of 2.4% during the forecast period (2017-2022).
As a result of rapidly rising average income, South African living standards have considerably improved over the past decade. Considering that the meat industry is a latent industry (one where people need not be encouraged to eat more meat, but will do so once they are able to afford it), these rises are particularly encouraging. Another positive sign for the industry is the rise in consumption levels of eggs in South Africa. The overall meat market is thus expected to show rapid progress for some time, and slow down during the eventual price stabilization.
The demand for compound feed is expected to rise rapidly due to the reduction in production cost it is able to produce, an important factor in capital-intensive developing nations. The rise is also dependent on government policies and public awareness. At present, South Africa is characterized by strict laws which control the slaughter of meat, the sale of agricultural products and the labeling of food products.
The demand for natural goods is largely driven by lifestyle changes and an increased sense of consumer ethics in food markets. Climate change and the global food and energy crisis have also emphasized the need for sustainable food production and consumption models.
This report is the most informative literature available on the South African feed market. The global market scenario is explained in detail. The South African market is segmented by animal type into ruminant, swine, aqua and poultry feed, with information on market size and growth forecasts up to 2020 for each of these sub-segments. Some of the most prominent global players are profiled in the report, along with an elaborate list of local feed companies based out of South Africa.
Key Deliverables in the Study