Africa Animal Feed Market (Impact Of COVID-19) Growth, Overview With Detailed Analysis 2022-2028

Precision Business Insights published a research report on "Africa Animal Feed Market By Feed Type (Medicated Feed, Non-medicated Feed), By Animal Type (Broilers, Layers, Dairy, Beef, Swine, Aquaculture, Others) - Global/Region/Country Forecast to 2028"

Animal feed refers to food cultivated and made for ruminants, poultry, swine, aquatic animals, and other species. It's made by blending high-nutrient ingredients including silage, hay, straw, oils, sprouted grains, and legumes together. Proteins, fibres, carbs, minerals, enzyme, acidifiers, antibiotics, and oxidants are abundant, enriching animal products such as milk, eggs, and meat. The meal also serves as a source of energy for the animals' life processes and muscular activity.

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Changes in food preferences and greater intake of animal-based protein increased livestock product consumption, which was fueled by the global Africa animal feed market. Increased demand for livestock products (milk, meat, and poultry products), as well as increased demand for high-quality meat products, are driving up animal feed consumption globally. However, increased feed product production is closely associated with increased greenhouse gas emission, which is a major constraint for the African animal feed market globally. Changes in lifestyle and increased awareness of animal-based protein products are driving up global demand for animal feed. Other factors that influenced the worldwide market for animal feed include increased restaurant & fast-food chain services, as well as increased outbreaks of animal disease in both the domestic and international markets. The key participant is spending in R&D to produce new products and improve nutrient content in order to boost animal growth around the world. According to the United Nations' Food and Agriculture Organization (FAO), food demand is expected to increase by 60% by 2050, and animal protein production is expected to increase by 1.8 percent per year between 2010 and 2050, with meat production expected to increase by nearly 75%, aquaculture by 85%, and dairy by 50%.

On the basis of type, the Africa animal feed market is fragmented into probiotics, acidifiers, enzyme, antioxidants, amino acids, antibiotics, vitamins, minerals, and others. On the basis of the species, the Africa animal feed market is categorized into ruminants, poultry, aqua, swine, and others. In terms of form, the Africa animal feed market is divided into crumbles, pellets, mash, and others.

The growth of meat and dairy products around the world has fueled the animal feed sector. Changes in consumer preferences and increased meat consumption are driving up demand for animal feed in the global market. The African continent dominates the animal feed business. Due to increased client awareness of the benefits associated with the use of feed additives, the Africa area is predicted to have the highest CAGR.

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There are several industry players working in the Africa Animal Feed Market, which include Cargill, Inc. (U.S) Nutreco N.V. (Netherlands) BASF SE (Germany) Koninklijke DSM N.V. (Netherlands) Novus International (U.S) Biomin Holding GmbH (Austria)

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