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 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 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.
Report Name | Ghana Animal Feed Market |
Forecast period | 2025-2031 |
CAGR | 8.1% |
Growing Sector | Poultry |
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 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.
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.
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.
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.
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.
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.
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.
The report offers a comprehensive study of the subsequent market segments:
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 |