Being a pronounced continent both in terms of geographical
area and population, Africa has a high growth and profit earning opportunities
for various dairy products manufactures and retailers in the continent.
However, presence of volatility in the economies and fluctuating currency
exchange rates of various nations in Africa, most of the countries in Africa
are still tagged as developing or under developed nations in world.
In
dairy industry Africa , the continent is observed to grow at a steady pace
in terms of local currency. The increasing use of high yield milk producing
hybrid cow and inclining number of dairy farms across various nations in
Africa, the overall milk production capacity in Africa has been recorded to
increase from ~ million tonnes in 2010 to ~ million tones in 2015.
This
rise in the milk production capacity at various dairy farms has increased the
profit shares of various dairy product manufacturers in different nations of
Africa but subsequently due to the declining exchange rate of regional
currency/USD of different nations of Africa, the import of dairy products from
foreign continents had become costlier for the dairy product dealers. Consequently,
it has decreased the profit share of dairy manufacturers in the various nations
of the continent; resulting which Africa dairy product market declined from the
market size of USD ~ billion in 2013 to USD ~ billion in 2015.
Which Government
Regultory Bodies Are Regulating Dairy Product Market In Africa?
The
national government policies framework for the dairy sector in African
countries differs substantially among each other. None of these countries have
a proper farm policy for the dairy sector instead rely on the general
agricultural and livestock policy frameworks.
In
Algeria, Government of Algeria (GoA) has prioritized development of dairy
sector in its nation by establishing several programs to promote dairy practice
in country. Major example of this is “Finance law 2014 (Art 44)”, which was
framed in 2014 to give exemption from duties and VAT on animal feed inputs and
co-products to help dairy farmers in the nation to provide better quality feed
to their cattle.
Ethiopia
has no specific dairy sector policy in effect and it is currently in the
process of formulating a Livestock Master Plan that shall address dairy related
issues. Livestock master plan focuses on three key sector areas including dairy
cows, milk production from cattle, sheep, goat and camels and specialized
poultry-broilers and layers. Under Growth and Transformation Plan (GTP) II
drafted by the government of Ethiopia, the projected cow milk production is
projected to increase by ~% reaching
out to ~ million liters during the period (2015–2020). This production increase
would make it possible to meet the milk production targets in the GTP II phase,
exceeding the growing domestic demand for milk by ~%.
How Innovation And New Product Development Impact The
Africa Dairy Product Market
Dairy products used in Africa
post liberalization of dairy sector was limited essentially to raw milk and
pasteurized milk, but with the modernization in the industry and entry of new
market players, consumers can now easily access to wide range of processed
products, such as UHT milk, fermented milk (or traditional sour milk) and dairy
products such as butter, cheese, yoghurt, milk powder, ice creams and so forth.
Dairy product market in Africa has shown innovation in its product line with
the introduction of various types of new products such as flavored milk, sugar
free milk, fats free cheese designed for special population segment such as
high protein rich cheese for children and low fat cheese for health conscious
adults.
Topics Covered in the Report
·
Dairy Farms in
Africa
·
Competition
Yoghurt Industry
·
Developments
Africa Dairy Sector
·
Africa Dairy
Industry
·
Uganda Dairy Industry
·
Ethiopia Milk
Power Market
·
Developments
Africa Dairy Sector
·
Africa Dairy
Powder Sector
To know more on the
coverage, tap on the link underneath:
Related Reports:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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