South Africa Animal Feed Additives Market Outlook (2018 to 2032)
Synopsis
The above chart is South Africa Animal Feed Additives Market Outlook (2018 to 2032)
Market Dynamics
the south african market for animal feed additives is forecasted to witness healthy demand during 2018-2032 period. the country’s animal feed industry is driven by the rising animal population and increasing demand for animal proteins. therefore, animal feed additives, such as anti-oxidants, minerals, natural ingredients, and feed enzymes, are used to enhance quality and nutritional value of feed products and fortified livestock diet. the market is expected to be driven by the growing health awareness among the consumers, rise in awareness about animal health and production quality by farmers, and food and feed safety regulations.
the rising demand for proteins and other meat-derived products among consumers, along with livestock production in order to meet the growing domestic demand for meat and milk are some of the other factors driving the overall feed additives market. the market exhibits intense competition between feed producers as they strive to deliver cost-effective animal feed with high nutritional value. this increasing need for effective feed additives in order to maintain the health standards of animals is anticipated to propel the demand for the same within the forecast period.
the market is expected to be driven by a growing trend for improved production, through more nutritious and complete feed products enriched with feed additives, to meet the growing requirement of animal nutrition. an increasing number of feed ingredients, additives, and feedstuffs, such as proteins, fats, carbohydrates, vitamins, minerals and enzymes, are emerging as some of the key components of animal diets and are likely to drive the feed additives market in the country. rapid industrialization in poultry sector is likely to boost the demand for feed additives.
as a result of the increasing consumer preference for healthier products processed from food-grade ingredients, manufacturers are substituting their synthetic feed additives with natural and organic additives, which reduces or eliminates the risk to health and the environment. the south african market is expected to witness a rise in the demand for natural feed additives in the near future.