Middle East and Africa Animal Feed Additives Market Dynamics and Trends by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Middle East and Africa Animal Feed Additives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Vitamins, Amino Acids, Carotenoids, Enzymes, Prebiotics & Probiotics, Minerals, Acidifiers, Lipids, and Others) ,Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
- Report Date : Feb 2022
- Report Code : TIPRE00027123
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 100
Middle East and Africa animal feed additives market in Middle East and Africa is expected to grow from US$ 2,040.33 million in 2021 to US$ 3,002.47 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.
The Livestock producers are highly demanding organic feed, as a result of regulations concerning organic products sourced from animals such as organic dairy and meat products. The regulations mandate the animals be fed with organic feed to obtain organic labelling, which has significantly driven the demand for organic additives. Moreover, feed additives such as fishmeal are on the rise owing to its high nutritional contents. Fishmeal is naturally sourced from the farmed fish in the sea. Therefore, the demand for natural and organic additives is increasing as it does not result in harmful side effects for the animals and the subsequent meat products derived from them. The demand for natural and organic additives is expected to provide increased opportunities for market players in animal feed additives market over the forecast period.
Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region and is followed by South Africa and the UAE among others. UAE was the first country in the Middle East and Africa to report a confirmed case of COVID-19. Middle East and Africa region has been one of the worst hit regions in the world. Manufacturing activities came to a standstill as the expatriates in the region started returning back to their homes. The aforementioned factor led to crisis in countries that depend on laborers from outside the country. The region is undergoing a slow recovery phase as the vaccination approvals and opening of international borders is still ongoing. Despite the hurdles in manufacturing activities, the demand for animal feed is constant and therefore the consumption of feed additives is expected to grow over the forecast period in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa animal feed additives market. The Middle East and Africa animal feed additives market is expected to grow at a good CAGR during the forecast period.
Middle East and Africa Animal Feed Additives Revenue and Forecast to 2028(US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Middle East and Africa Animal Feed Additives Segmentation
By Product Type
- Vitamins
- Amino Acids
- Carotenoids,
- Enzymes
- Prebiotics & Probiotics
- Minerals
- Acidifiers
- Lipids
- Others
By Livestock
- Poultry
- Ruminants
- Swine
- Aquaculture
- Others
By Country
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Companies Mentioned -
- Cargill Incorporated
- Archer-Daniels-Midland Company
- Evonik Industries AG
- Nutreco N.V
- Alltech
- DuPont de Nemours, Inc.
- DSM
- Novozymes
- Kemin Industries Inc.
Middle East and Africa Animal Feed Additives Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,040.33 Million |
| Market Size by 2028 | US$ 3,002.47 Million |
| Global CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Cargill, Incorporated
- Archer-Daniels-Midland Company
- Evonik Industries AG
- Land O'Lakes, Inc
- Nutreco N.V
- Alltech
- DuPont de Nemours, Inc.
- DSM
- Novozymes
- Kemin Industries Inc.
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