The Africa Compound Feed Market size is estimated at USD 21.04 billion in 2023, and is expected to reach USD 25.98 billion by 2028, growing at a CAGR of 4.31% during the forecast period (2023-2028).
The African compound feed market is highly concentrated, with a few major companies dominating the market, like Cargill Inc, Nutreco NV, Alltech Inc., New Hope Group SA, and Novus International. Leading companies focus on acquiring feed mills and small manufacturers to expand their business in local and foreign markets. Some players have expanded their geographical presence by acquiring or merging with manufacturers in foreign markets. Expanding the business across regions and setting up a new plant for increasing production capacity and a product line has helped the companies hold more market share. The companies are also increasing the production capacities of their existing plants.
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