African Swine Feed Market - Trends and Forecasts (2017 - 2022)
The African Swine feed market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020. The growth in pork production and consumption has simultaneously helped the growth of the swine feed market, as feed cost is the major component, accounting for 70% to 80% of the total cost of pig meat production. Therefore, the price of feed ingredients has a substantial impact on the price of producing pork. The market is a very important part of the vast animal feed market. Modern feeds for swine consists largely of feed additives such as, protein supplements, mineral supplements, and vitamin supplements. Different classes of swine have a particular nutrient requirements. In general, feed for young pigs require greater dietary levels of most nutrients such as protein than that for older pigs. As such, there are various diets on the market, or ones that can be mixed on farms, which are suitable to each class of pig. These diet types usually include starters, growers, sow, and others. Growth of domestic and international quick service restaurants and widespread nutrient related diseases are the major driving factors of the swine feed market in Africa. In addition demand for quality meat products by consumers has significantly contributed to the rising demand of swine feed. Increasing industrial livestock production and technological innovations in the meat processing industry are creating demand for high quality meat, thereby driving the market for swine feed. Increased concern for health and ethical factors have also created opportunity in the industry for organic swine feed. Key players in the African market include Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, DeKalb Feeds, Heiskell & CO., and Kent Feeds. To gain market share, these companies are adapting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities. Key Deliverables in the Study Market analysis for the African Swine Feed Market, with region specific assessments and competition analysis. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market. Extensively researched competitive landscape section with profiles of major companies along with their market shares. Identification and analysis of the macro and micro factors that affect the African Swine Feed Market A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.