Middle East And Africa Fish Feed Market

Middle East and Africa Fish Feed Market Size (2024 to 2029)

The Middle East and Africa fish feed market size is expected to reach USD 14.45 billion in 2024 and reach USD 20.90 billion by 2029, growing at a CAGR of 7.66% from 2024 to 2029.

 Fish Feed is an important part of modern commercial aquaculture, providing the balanced nutrition needed by farmed fish. The feeds, in the form of pellets or granules, provide the nutrition in a concentrated and a stable form, enabling the fish to feed efficiently and grow at their full potential.

Traditionally two of the most important ingredients have been fish oil and fishmeal. The development of dry pelleted fish feeds to date has two main themes. One theme is improving digestibility and refining the balance of nutrients so as to match the needs of the different species of fish more precisely at different periods of development. The other type is to improve the sustainability of the ingredients used. This is being attained mainly by identifying additional sustainable sources of ingredients, in particular, to reduce the need for fish oil and fishmeal. Improving the efficiency of feeding also assists sustainability.

The driving factors of Middle East and Africa fish feed market are population growth, rising income, and rapid urbanization, and is facilitated by the strong expansion of fish production and more efficient distribution channels. The yield which is obtained from the wild catch cannot be increased sustainably, therefore, in the opinion of observers such as the Food and Agriculture Organization of the United Nations, aquaculture must fill the gap.

SEGMENT ANALYSIS

Middle East and Africa Fish Feed Market Analysis By Ingredients

• Corn
• Soybean
• Fish oil
• Fish meal
• Additives
• Others

Middle East and Africa Fish Feed Market Analysis By Additives

• Vitamins
• Antibiotics
• Amino Acids
• Antioxidants
• Feed Acidifiers
• Feed Enzymes
• Other Additives

Middle East and Africa Fish Feed Market Analysis By End-user

• Fish
• Carp feed
• Tilapia feed
• Cat fish feed

COUNTRY ANALYSIS

• KSA
• UAE
• Israel
• Rest Of GCC Countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• Rest Of MEA

The market in the region can be geographically divided into Middle East and Africa regions. Factors such as rising disposable incomes and rapid urbanization are expected to propel the market growth during the forecast period.

KEY PLAYERS IN THE MIDDLE EAST AND AFRICA FISH FEED MARKET

Some of the major players in the market are Ridley Corporation Limited, Archer Daniels Midland Company, Nutreco N.V, Cargill, Avanti Feeds Limited, Purina Animal Nutrition, Biostadt India Limited, Alltech, Nutriad, and Biomar, among others.