Description
Organic Ilemba is involved in the cultivation and processing of the Azolla plant, a rich source of protein for animal feed such as poultry, fish, pigs, and cattle.
Market Opportunity/ Problem
According to a recent study, the animal feed market was valued at US$345 billion in 2020, and is expected to grow at a CAGR of 4.90% from 2020 to 2026 to reach US$460 billion by 2026. According to the United Nations prediction, the global demand for food is expected to grow by over 50% by the end of 2050. To achieve this, animal food production is expected to be approximately three times (for dairy and fish) and almost double (for poultry, swine, and beef) in comparison to the current production rate. The growth in demand for livestock products suggests that there will be a consequent rise in demand for animal feed, not only of cereals but of other feeds and particularly proteins.
Company Information
Years of operation
2
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Other
Agriculture value chain(s) focus?
Livestock
Primary country of operation
Kenya
Other country(ies) of operation
N/A
How many employees does your business have?
5
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
50k-500k
What is the split between equity and debt?
65% equity and 35% debt