Ghana Animal Feed Market (2025-2031) | Companies, Forecast, Growth, Analysis, Revenue, Size, Trends, Value, Industry, Outlook & Share

Market Forecast By Form (Pellets, Crumbles, Mash, Others), By Species (Poultry, Ruminants, Aqua, Swine, Others), By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Vitamins, Minerals, Others) And Competitive Landscape

Product Code: ETC018496 Publication Date: Oct 2020 Updated Date: Jan 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Ghana Animal Feed Market Competition 2023

Ghana Animal Feed market currently, in 2023, has witnessed an HHI of 1761, Which has decreased slightly as compared to the HHI of 2024 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Ghana Animal Feed Market Competition 2023

Ghana Animal Feed Market is projected to grow over the coming year. Ghana Animal Feed Market report is a part of our periodical regional publication Africa Animal Feed Market outlook report. 6W tracks Animal Feed market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Animal Feed Market outlook report annually.

Ghana Animal Feed Market Highlights

Report Name Ghana Animal Feed Market
Forecast period 2025-2031
CAGR 8.1%
Growing Sector Poultry

Topics Covered in the Ghana Animal Feed Market

Ghana Animal Feed Market report thoroughly covers the market by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Ghana Animal Feed Market Synopsis

Ghana Animal Feed Market has been experiencing tremendous growth in recent years. With a population of close to 30 million people, and with agriculture contributing a significant portion to the country's GDP, the demand for animal feed has risen. The Ghana animal feed market growth is proliferating over the years due to the country's increasing demand for meat and dairy products. Also, the animal feed production in Ghana is a growing industry that has shown a lot of potential for stakeholders, investors, and entrepreneurs. This sector has been making a significant contribution to the growth of the economy in recent years. According to research, the demand for animal feed in Ghana is expected to double in the next ten years. The poultry industry has been the primary driver of animal feed production in the country, making Ghana an attractive market for international investors.

According to 6Wresearch, the Ghana Animal Feed Market size is estimated to grow at a CAGR of 8.1% during the forecast period of 2025-2031. The market is primarily being driven by the rising demand for animal products such as meat, milk, and eggs is driving the demand for high-quality livestock feed. The changing lifestyles of consumers and their increasing income levels are driving the demand for high-quality animal products. Secondly, the urbanisation of Ghana is contributing to the growth of the animal feed market. As the population shifts from rural to urban areas, the demand for processed animal products is increasing. This has led to the establishment of numerous feed mills and businesses in urban areas. The animal feed market in Ghana also faces several challenges. For instance, the high cost of raw materials is affecting the profitability of feed millers. Most of the raw materials used in animal feed production, such as maize, soybean, and wheat, are imported, making them expensive. Also, the cost of importing raw materials has increased due to the depreciation of the Ghanaian Cedi against foreign currencies. The future of the animal feed market in Ghana looks promising. The key trends observed in Ghana animal feed market include the growing trend of organic animal feed, technological advancements in feed production, and the increasing trend of vertical integration.

Government policies and schemes introduced in the Ghana Animal Feed Market

The Government of Ghana has initiated several policies and schemes to strengthen the animal feed market, and it is evident that the initiatives are having a positive impact. These policies are providing farmers with maximum support from input subsidies to capacity building initiatives, enhancing productivity, and improving the quality of animal feed products to meet international market standards. For instance, the Government has implemented the Livestock Development Project, which is a joint initiative with the International Fund for Agriculture and Development (IFAD). The project was launched in 2016 to increase the income of livestock breeders, improve the capacity of the animal feed market, and enhance the value chain of the livestock sector. The project offers training programs on animal feed manufacturing, modern breeding techniques, commercialization of livestock products, and capacity building of small-scale producers. Moreover, the Government of Ghana launched the Ghana Commercial Agriculture Project in 2014, in association with the World Bank. The project aims to enhance the competitiveness of selected agricultural value chains, including livestock and fisheries. GCAP provides financial support to small-scale poultry farmers, enabling them to afford high-quality animal feed products. The project emphasizes the use of improved breed stocks, modern farming techniques, efficient marketing and processing facilities, and access to credit to enhance the livestock and fisheries value chain's competitiveness.

Leading players in the Ghana Animal Feed Market

The leading players in the Ghana Animal Feed Industry are Hybrid Feeds, Agricare Limited, Aller Aqua, Quality Feeds Limited, and Kofi Agro Limited. These brands have been making a significant contribution to the growth of the country’s economy and have established themselves as trusted partners for farmers.

Future Insights of the Ghana Animal Feed Market

The future of the Ghana Animal Feed Market appears promising, driven by a combination of increased demand for livestock products and advancements in feed production technology. With the expanding middle class and urbanization, there is a growing appetite for meat, dairy, and poultry products, which in turn elevates the need for high-quality animal feed. Key insights predict a shift towards more sustainable and efficient feed practices, leveraging locally available ingredients and innovative methods to enhance nutritional value. Additionally, governmental policies supporting agricultural development and private investments in the feed industry are expected to play significant roles in market expansion.

Market Analysis by Form

By Form, the pellet feed is expected to dominate the Ghana animal feed market share due to its ability to enhance the quality of the feed and improve productivity. Also, pellet feed has a higher density than other forms of feed, hence enables animals to consume more nutrients in fewer quantities, which ultimately results in better productivity.

Market Analysis by Species

According to Rohit, Senior Research Analyst, 6Wresearch, the poultry segment is the most significant contributor to the animal feed market in Ghana. The segment has a high demand for feed as poultry farming is quite popular in the country, with over 34 million birds bred annually.

Market Analysis by Type

Based on Type, vitamin and mineral segments are major contributors to the animal feed market of Ghana. Vitamins are compounds essential for the metabolic functioning of animals, as they help to regulate bodily functions and support growth. Minerals are also essential in maintaining healthy bones, teeth, and muscles, and help regulate body fluids. Both vitamins and minerals are added to the animal feed to ensure that animals consume a balanced diet.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects

Key Highlights of the Report:

  • Ghana Animal Feed Market Outlook
  • Market Size of Ghana Animal Feed Market, 2024
  • Forecast of Ghana Animal Feed Market, 2031
  • Historical Data and Forecast of Ghana Animal Feed Revenues & Volume for the Period 2021- 2031
  • Ghana Animal Feed Market Trend Evolution
  • Ghana Animal Feed Market Drivers and Challenges
  • Ghana Animal Feed Price Trends
  • Ghana Animal Feed Porter's Five Forces
  • Ghana Animal Feed Industry Life Cycle
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Form for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Pellets for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Crumbles for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Mash for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Species for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Poultry for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Ruminants for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Aqua for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Swine for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Acidifiers for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Probiotics for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Enzyme for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Antioxidants for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Antibiotics for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Vitamins for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Minerals for the Period 2021- 2031
  • Historical Data and Forecast of Ghana Animal Feed Market Revenues & Volume By Others for the Period 2021- 2031
  • Ghana Animal Feed Import Export Trade Statistics
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Species
  • Market Opportunity Assessment By Type
  • Ghana Animal Feed Top Companies Market Share
  • Ghana Animal Feed Competitive Benchmarking By Technical and Operational Parameters
  • Ghana Animal Feed Company Profiles
  • Ghana Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

  • Pellets
  • Crumbles
  • Mash
  • Others

By Species

  • Poultry
  • Ruminants
  • Aqua
  • Swine
  • Others

By Type

  • Acidifiers
  • Probiotics
  • Enzyme
  • Antioxidants
  • Antibiotics
  • Vitamins
  • Minerals
  • Others
Ghana Animal Feed Market (2025-2031): FAQs
In Ghana, the most common animal feeds include maize, sorghum, and wheat bran.
One of the biggest challenges facing the animal feed industry in Ghana is the high cost of raw materials, which ultimately increases the cost of animal feed.
Farmers should always ensure they are buying quality animal feed by checking the ingredients listed on the packaging.
Improvements can be made in the animal feed industry in Ghana through investments in research and development of new and improved animal feed formulations and technologies.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Ghana Animal Feed Market Overview
3.1 Ghana Country Macro Economic Indicators
3.2 Ghana Animal Feed Market Revenues & Volume, 2021 & 2031F
3.3 Ghana Animal Feed Market - Industry Life Cycle
3.4 Ghana Animal Feed Market - Porter's Five Forces
3.5 Ghana Animal Feed Market Revenues & Volume Share, By Form, 2021 & 2031F
3.6 Ghana Animal Feed Market Revenues & Volume Share, By Species, 2021 & 2031F
3.7 Ghana Animal Feed Market Revenues & Volume Share, By Type, 2021 & 2031F
4 Ghana Animal Feed Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Ghana Animal Feed Market Trends
6 Ghana Animal Feed Market, By Types
6.1 Ghana Animal Feed Market, By Form
6.1.1 Overview and Analysis
6.1.2 Ghana Animal Feed Market Revenues & Volume, By Form, 2021 - 2031F
6.1.3 Ghana Animal Feed Market Revenues & Volume, By Pellets, 2021 - 2031F
6.1.4 Ghana Animal Feed Market Revenues & Volume, By Crumbles, 2021 - 2031F
6.1.5 Ghana Animal Feed Market Revenues & Volume, By Mash, 2021 - 2031F
6.1.6 Ghana Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F
6.2 Ghana Animal Feed Market, By Species
6.2.1 Overview and Analysis
6.2.2 Ghana Animal Feed Market Revenues & Volume, By Poultry, 2021 - 2031F
6.2.3 Ghana Animal Feed Market Revenues & Volume, By Ruminants, 2021 - 2031F
6.2.4 Ghana Animal Feed Market Revenues & Volume, By Aqua, 2021 - 2031F
6.2.5 Ghana Animal Feed Market Revenues & Volume, By Swine, 2021 - 2031F
6.2.6 Ghana Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F
6.3 Ghana Animal Feed Market, By Type
6.3.1 Overview and Analysis
6.3.2 Ghana Animal Feed Market Revenues & Volume, By Acidifiers, 2021 - 2031F
6.3.3 Ghana Animal Feed Market Revenues & Volume, By Probiotics, 2021 - 2031F
6.3.4 Ghana Animal Feed Market Revenues & Volume, By Enzyme, 2021 - 2031F
6.3.5 Ghana Animal Feed Market Revenues & Volume, By Antioxidants, 2021 - 2031F
6.3.6 Ghana Animal Feed Market Revenues & Volume, By Antibiotics, 2021 - 2031F
6.3.7 Ghana Animal Feed Market Revenues & Volume, By Vitamins, 2021 - 2031F
6.3.8 Ghana Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F
6.3.9 Ghana Animal Feed Market Revenues & Volume, By Others, 2021 - 2031F
7 Ghana Animal Feed Market Import-Export Trade Statistics
7.1 Ghana Animal Feed Market Export to Major Countries
7.2 Ghana Animal Feed Market Imports from Major Countries
8 Ghana Animal Feed Market Key Performance Indicators
9 Ghana Animal Feed Market - Opportunity Assessment
9.1 Ghana Animal Feed Market Opportunity Assessment, By Form, 2021 & 2031F
9.2 Ghana Animal Feed Market Opportunity Assessment, By Species, 2021 & 2031F
9.3 Ghana Animal Feed Market Opportunity Assessment, By Type, 2021 & 2031F
10 Ghana Animal Feed Market - Competitive Landscape
10.1 Ghana Animal Feed Market Revenue Share, By Companies, 2024
10.2 Ghana Animal Feed Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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