Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product Type (Beef, Pork, Chicken Meat), By End Users (Food Processing Industry, Food Service Providers, Household/ Retail), By Distribution Channel (B2B Direct, Hypermarkets/ Supermarkets, Convenience Stores, Specialty Stores, Butcher Shop/ Wets, Online Retailing) And Competitive Landscape
Product Code: ETC435000 | Publication Date: Nov 2022 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Livestock and Poultry Market |
Forecast Period | 2024-2030 |
Forecast Size | $65 billion-$100 billion |
CAGR | 7% |
Growing Sector | Poultry |
Africa Livestock and Poultry Market report thoroughly covers the By Countries, By Product Type, By End Users, and By Distribution Channel. The market 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.
Africa Livestock and Poultry Market is experiencing rapid growth, reflecting the continent's increasing demand for animal protein. The market was estimated to be valued at approximately $65 billion, with projections indicating a potential growth to about $100 billion by 2028, representing a compound annual growth rate (CAGR) of around 7% during this period. The poultry sector dominates the Africa Livestock and Poultry Market Share, accounting for roughly 40% of total animal production value in Africa.
Africa Livestock and Poultry Market is a significant contributor to the continent's economy, providing livelihood to millions of people and playing a crucial role in food security. With a diverse range of species, including cattle, sheep, goats, and poultry, the sector is characterized by both subsistence and commercial production systems. The growing middle class and increasing demand for protein are driving expansion in this market, leading to innovations in breeding, feed production, and veterinary services.
According to 6Wresearch, the Africa Livestock and Poultry Market Size is projected to grow, reflecting a significant CAGR of 7% during the forecast period 2024-2030. The growth of the livestock and poultry sector in Africa is driven by several key factors, including rising urbanization, increasing household incomes, and changing dietary preferences that favour animal protein. Additionally, the expanding middle class is contributing to heightened consumption of meat and dairy products, further stimulating demand. Improved breeding techniques and veterinary services are also playing a vital role in enhancing livestock productivity and health outcomes.
Despite these growth factors, the industry faces significant challenges. Issues such as inadequate infrastructure, lack of access to financing, and recurring disease outbreaks pose serious threats to livestock production. Climate change further exacerbates these challenges, leading to fluctuations in feed availability and impacting farming operations. Additionally, market access and inefficiencies within supply chains hinder the ability of producers to connect with consumers effectively. Addressing these hurdles will be essential for realizing the full potential of the livestock and poultry market in Africa.
In recent years, the Africa livestock and poultry industry has witnessed notable trends that are reshaping the industry landscape. One significant trend is the increasing adoption of technology in livestock management, including precision farming, smartphone applications for tracking health and productivity, and digital marketplaces connecting farmers with buyers. Additionally, there is a shift towards organic and sustainable farming practices, driven by consumer demand for healthier and ethically produced animal products.ย
The rise of smallholder farmers is also prominent, as they seek to improve their production efficiency while tapping into larger markets. Moreover, the influence of urbanization on dietary preferences is leading to greater consumption of meat and dairy, further stimulating growth within the sector. This evolving market environment presents both challenges and opportunities for stakeholders aiming to enhance the resilience and sustainability of Africa's livestock and poultry supply chains.
Africa livestock and poultry market presents a wealth of investment opportunities driven by the rising demand for animal protein and the ongoing transformation within the sector. Investors can explore ventures in advanced breeding technologies, which can enhance productivity and disease resistance among livestock. Additionally, there is significant potential in feed production innovations, particularly those focusing on sustainable and nutritionally balanced feeds that cater to different species.
Investment in veterinary services and health products is also critical, given the need for improved animal health management to mitigate disease outbreaks. Furthermore, the development of agro-tech solutions, such as mobile applications for farmers and digital platforms for market access, offers a promising avenue for enhancing supply chain efficiency and connectivity. Finally, with the increasing momentum towards organic production, there are ample opportunities for businesses that align with sustainable practices, catering to the growing segment of environmentally conscious consumers.
Africa Livestock and Poultry Market is significantly influenced by government regulations aimed at ensuring food safety, animal welfare, and disease control. Various countries have established stringent guidelines concerning livestock rearing, processing, and distribution to avoid health hazards and outbreaks of zoonotic diseases. Moreover, regulations pertaining to exports and imports are vital in maintaining international trade standards, encouraging sustainable practices among farmers, and bolstering the region's economic growth. Some common government regulations that impact the Africa Livestock and Poultry Market Growth include:
Key players in the Africa Livestock and Poultry Market include both multinational corporations and local enterprises that contribute to various segments, such as feed production, breeding, and meat processing. Companies like Dangote Group and Nestlรฉ are pivotal in the value chain, facilitating advancements in technology and distribution channels. Additionally, local livestock traders and smallholder farmers play a crucial role in local markets, promoting diversity and sustainability in livestock production.
Africa Livestock and Poultry Market is poised for substantial growth, driven by increasing demand for protein-rich foods and a burgeoning middle-class population. Innovations in breeding techniques, health management, and biotechnology are expected to enhance productivity and profitability in the sector. Furthermore, rising investments in infrastructure and supply chain logistics are likely to bridge the gap between producers and consumers, ultimately transforming the market landscape and improving food security across the continent.
Nigeria is currently growing at significant pace, with an annual increase projected at around 15%. This growth can be attributed to a rapidly expanding population and rising urban demand for protein-rich diets.
According to Shubhamdeep, Senior Research Analyst, 6Wresearch, B2B direct segment is experiencing significant growth, driven by the increasing demand for bulk purchasing from restaurants and food service providers. Additionally, hypermarkets and supermarkets are seeing a notable rise in sales, with a reported annual growth rate of approximately 12% as consumer preference shifts towards one-stop shopping experiences for fresh meat and dairy products. Convenience stores and specialty stores also play a crucial role, particularly in urban areas, catering to time-conscious consumers seeking high-quality products.
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 Africa Livestock and Poultry Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Livestock and Poultry Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Livestock and Poultry Market - Industry Life Cycle |
3.4 Africa Livestock and Poultry Market - Porter's Five Forces |
3.5 Africa Livestock and Poultry Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Livestock and Poultry Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 Africa Livestock and Poultry Market Revenues & Volume Share, By End Users, 2020 & 2030F |
3.8 Africa Livestock and Poultry Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Africa Livestock and Poultry Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Livestock and Poultry Market Trends |
6 Africa Livestock and Poultry Market, 2020 - 2030 |
6.1 Africa Livestock and Poultry Market, Revenues & Volume, By Product Type, 2020 - 2030 |
6.2 Africa Livestock and Poultry Market, Revenues & Volume, By End Users, 2020 - 2030 |
6.3 Africa Livestock and Poultry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
7 South Africa Livestock and Poultry Market, 2020 - 2030 |
7.1 South Africa Livestock and Poultry Market, Revenues & Volume, By Product Type, 2020 - 2030 |
7.2 South Africa Livestock and Poultry Market, Revenues & Volume, By End Users, 2020 - 2030 |
7.3 South Africa Livestock and Poultry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
8 Nigeria Livestock and Poultry Market, 2020 - 2030 |
8.1 Nigeria Livestock and Poultry Market, Revenues & Volume, By Product Type, 2020 - 2030 |
8.2 Nigeria Livestock and Poultry Market, Revenues & Volume, By End Users, 2020 - 2030 |
8.3 Nigeria Livestock and Poultry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
9 Kenya Livestock and Poultry Market, 2020 - 2030 |
9.1 Kenya Livestock and Poultry Market, Revenues & Volume, By Product Type, 2020 - 2030 |
9.2 Kenya Livestock and Poultry Market, Revenues & Volume, By End Users, 2020 - 2030 |
9.3 Kenya Livestock and Poultry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
10 Rest of Africa Livestock and Poultry Market, 2020 - 2030 |
10.1 Rest of Africa Livestock and Poultry Market, Revenues & Volume, By Product Type, 2020 - 2030 |
10.2 Rest of Africa Livestock and Poultry Market, Revenues & Volume, By End Users, 2020 - 2030 |
10.3 Rest of Africa Livestock and Poultry Market, Revenues & Volume, By Distribution Channel, 2020 - 2030 |
11 Africa Livestock and Poultry Market Key Performance Indicators |
12 Africa Livestock and Poultry Market - Opportunity Assessment |
12.1 Africa Livestock and Poultry Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Livestock and Poultry Market Opportunity Assessment, By Product Type, 2020 & 2030F |
12.3 Africa Livestock and Poultry Market Opportunity Assessment, By End Users, 2020 & 2030F |
12.4 Africa Livestock and Poultry Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
13 Africa Livestock and Poultry Market - Competitive Landscape |
13.1 Africa Livestock and Poultry Market Revenue Share, By Companies, 2023 |
13.2 Africa Livestock and Poultry Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |