Market overview

Africa feed additives market is estimated to register a CAGR of 4.1% during the forecast period (2020-2025).

The increasing meat consumption in the region is prime driver of the market along which increasing awareness among the farmers about the benefits of the feed additives.

As the respective governments across the globe implemented stay-at-home orders ,many farmers resorted to panic buying of animal feed in the anticipation of potential shortage. Key stakeholders in the livestock feed market are worried about the lack of producing the raw materials or the feed additives for manufacturing the compound feed. However , with the lack down phases being frequent , the respective governments have taken measures to address the smooth flow of raw material movements within the agriculture sectors including compound feed manufacturing facilities which is anticipated to boost the market.

High awareness, the growing demand for animal nutrition, and the ban of antibiotics in many regions are prompting players in livestock industry and meat manufacturers to use probiotics, which is anticipated to drive the feed additives market, globally