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Africa Animal Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

Africa Animal Protein Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2026

  • September 2022
  • ID: 6321756
  • Format: PDF
  • Mordor Intelligence LLP

Summary

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The Africa Animal Protein Market stood at 727.17 million usd in 2021 and is projected to register a CAGR of 2.91% to reach 839.15 million usd in 2026.

Key Highlights
Largest Segment by Product Type - Gelatin : Gelatin is widely used in Africa’s F&B (especially confectionery and bakery) industries as it is used to add flavour, colours, and texture modifiers.
Largest Segment by End User - Food and Beverages : The F&B segment led the market owing to the high demand recorded by the snacks and beverage sectors due to consumers’ preference for healthier protein-based food and drinks.
Fastest Growing Segment by Product Type - Collagen : Collagen is the fastest-growing segment, primarily driven by rising application in the F&B segment due to constant product developments in business and consumer verticals.
Fastest Growing Segment by End User - Personal Care and Cosmetics : Rising demand for natural ingredients and protein-enriched skin, body, and hair care products is driving the segment, which is, thus, projected to attain the fastest growth.

Key Market Trends

Largest Segment By End User : Food and Beverages

The F&B consumption of animal proteins remains the highest. Its value share in 2020 increased to 87% from 85.2% in 2019. This was mostly due to an increase in hoarding and panic buying during the pandemic. One of the primary F&B categories, bakery, was even documented with a Y-o-Y 23% industry gain in 2020.
However, during the forecast period, the personal care segment is set to register a CAGR of 5.23%. The increasing number of beauty clinics, rising per capita expenditure on personal appearance, robust regulatory framework, and the growing beauty and cosmetics market are propelling the region’s ingredients demand.
The COVID-19 pandemic highlighted the regional foodservice industry’s fragility, driving consumers to the retail sector. This increased the demand for RTC foods such as frozen dinners and pizzas, which are directly positioned to substitute customers’ eating-out occasions. As a result, the RTE/RTC food items business expanded by 13.63% Y-o-Y in 2020.

Largest Country : Nigeria

By country, Nigeria is expected to dominate the African animal protein market, followed by South Africa, in 2020. However, as a unit, the rest of the African countries, including Ethiopia, Kenya, Ghana, Guinea, and Ivory Coast, led the animal protein market. This is a constant trend for animal-based food consumption across these countries. For instance, it was estimated in 2011 that 13.4% of the consumption expenditure of an average Ethiopian consumer was devoted to animal-sourced foods. Out of this expenditure, 42% was used for dairy-based products, 40% for beef-based diet, and 12% for sheep and goat meat-based diet.
During (2021 - 2026), the Nigerian market is expected to witness a steady rise in its growth potential, recording a CAGR of 5.65% by value. The market was headed by gelatin protein that held a 27% share, closely followed by collagen, whey, and milk proteins with 18.5%, 18.0%, and 15.6% shares, respectively. Its value grew quickly in the studied period and is projected to record a better growth rate over the forecast period.

Competitive Landscape

The Africa Animal Protein Market is fragmented, with the top five companies occupying 13.40%. The major players in this market are Amesi Group, Fonterra Co-operative Group Limited, Kerry Group plc, Lactoprot Deutschland GmbH and Royal FrieslandCampina N.V (sorted alphabetically).

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