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South Africa - Animal feeds and additives segment to experience the highest opportunity growth

Published on 6 June, 2009, Last updated at 09:13 GMT
 

'The South African agriculture chemicals market is anticipated to grow in the long-term due to increasing pressure on farmers to boost the production of crops and livestock,' notes the analyst of this research. 'There is also a mounting trend in protein consumption and changing dietary patterns which are poised to promote demand for agriculture chemicals.' These growth opportunities are set to have a positive long-term impact on the market. The animal feeds and additives segment is projected to experience the highest opportunity growth in the future, reaching nearly $660.0 million by 2015. The agricultural industry in South Africa is potentially in a good position to attract investors, since the new government has split the Agriculture and Land Affairs departments. This has been regarded as a positive step, particularly since the focus can be on improving primary agriculture as well as rural development. Both these sectors are set to drive the growth of the agriculture chemicals market, especially in terms of spending and enhancing infrastructure.

 

 
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