The soybean feed industry in South Africa experienced considerable fluctuations from 2014 to 2023, peaking at 147.0 thousand metric tons in 2017 and dropping to 58.0 thousand metric tons by 2023, representing a 6.45% decrease from the previous year. The CAGR over five years starting 2019 is notably negative at -7.28%, indicating a downward trend in production forecasted to continue.

Future trends to watch for:

Potential recovery in demand driven by economic improvements and advancements in agricultural technologies.
Impact of climatic conditions and global soybean market fluctuations on local production.
Policy shifts and government incentives to promote the agricultural sector and soybean feed production in South Africa.