2nd largest continent in the world, with a land mass of 30.3 million km².
2nd most populous continent in the world with 922 million residents.
Demand for milk and meat is growing across the continent.
Projections show an increase of more than 50% in liquid dairy consumption,
growing from 15 billion ltrs in 2010 to almost 25 billion ltrs in 20201 and
an increase of 29% in bovine meat consumption.
African consumption is currently the world’s lowest:
Approx. 37 ltrs of milk and 11kg of meat per capita annually, which
is less than 1/3 of global averages.
Beef accounts for 33% of meat consumption.
In some SSA countries, cows produce below 200 ltrs of milk per year,
compared to over 12,500 ltrs in developed countries.
The cause of these abysmal results is generally the low application of technology.
Key SSA countries are prioritizing the development of local dairy and
beef industries to drive import substitution and create local employment:
– Local producers receive high local pricing (often much higher than the international price) & are protected with tariffs;
– In some countries, concessionary debt financing is availed to support investments in the local dairy and beef industry.