The animal feed market in the Free State province is worth about R4.7 million, which is a decent size for a niche market. What's interesting is that this market isn't growing or shrinking, with zero year-on-year growth, so it's a relatively stable space. You're looking at a fairly small pool of suppliers, with only 7 companies currently operating in this space, which could be an opportunity for your business to get a foothold. It's also worth noting that the government is prioritising black-owned, women-owned, and youth-owned businesses, with a significant portion of the spend going to these types of organisations. If you're considering entering this market, I'd recommend researching the specific requirements and preferences of the single department that's driving this spend, to see how your business can best position itself for success.
R5M
7
1
R666K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
86.3%
70.0%
21.4%
0.2%