Middle East and Africa Feed Amino Acids Market Size (2024 to 2029)
Middle East and Africa's feed amino acids market is expected to reach USD 5.22 billion in 2024 and reach USD 7.08 billion by 2029, estimated to be growing at a CAGR of 6.293% from 2024 to 2029.
The market is supposed to show high potential in the mentioned forecasting period. The Middle East & Africa feed amino acids market has grown with the increase in the demand for livestock-derived products. The breeders have recently taken a higher interest in the market and, with a will to increase their profitability, have led the market to exhibit significant growth in upcoming years.
Feed amino acids are usually used as feed additives for various types of livestock. They are used to get an increase in the productivity of the livestock, so as to meet the ever-rising demand of animal products. Also, the nutritional value of amino acids helps avoid various health problems like autism, allergies, fatigue, dermatitis, etc.
The increase in the demand for dairy and meat products and the increase in the costs of feed have fuelled the growth of the Middle East & Africa feed amino acids market. Other factors driving the market for amino acids include the expansion of the animal meat market, Industrialization of the livestock industry, and livestock disease outbreaks. Besides these, the market also faces some challenges and restraints, some of which are competition for raw materials with other industries, availability of alternative protein sources, price volatility of Agri-commodities, and Regulatory framework. These few factors have been responsible for holding back the market from reaching its potential.
This research report on the Middle East and Africa feed amino acids market is segmented and sub-segmented into the following categories:
Middle East and Africa Feed Amino Acids Market – By Livestock:
Middle East and Africa Feed Amino Acids Market – By Amino Acids:
Lysine holds the largest market share in the amino acids segmentation and is expected to stay the same in the coming years. Under livestock segmentation, poultry accounts for the highest share in the market due to the adoption of intensive farming systems, more than any other segment.
Middle East and Africa Feed Amino Acids Market – By Country:
KEY MARKET PLAYERS:
Some of the key companies in the Middle East & Africa Feed Amino Acids Market include Archer Daniels Midland Company, Cheil Jedang, Cargill Inc., Novus International Inc., Royal Dsm N.V., Adisseo France Sas, Ajinomoto Co. Inc., PHW Group, Kemin Europa, Evonik Industries Ag.
Frequently Asked Questions
Key drivers include rising demand for meat and dairy products, growth in the poultry and aquaculture industries, and increasing awareness about the benefits of amino acids in animal nutrition for growth, reproduction, and overall health.
Essential amino acids such as lysine, methionine, threonine, and tryptophan are in high demand due to their crucial role in animal nutrition and their lack of synthesis capability in animals.
The poultry sector traditionally shows robust demand due to the high consumption of chicken meat. However, the aquaculture segment is projected to witness significant growth rates due to expanding fish farming activities.
The outlook is generally positive, with continued growth expected due to the expanding livestock sector, rising demand for high-quality animal feed, and ongoing technological advancements enhancing production efficiency and product quality.
Currency fluctuations can impact the cost of imported raw materials and the competitiveness of exports, influencing market profitability and pricing strategies.
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