Middle East and Africa Compound Feed Market was worth $36.5 billion in 2021 and estimated to be growing at a CAGR of 1.51%, to reach $39.35 billion by 2026. The compound feed consists of food products manufactured especially for animals. The Compound Feed market is developing at a significant rate due to the increase in the livestock population.
Compound feed is a mixture of raw materials and supplements, sourced from either plants or animals, fed to the livestock orally. Most commonly used raw materials are soybean, corn, barley; wheat and sorghum. Most common additives to form compound feed are, minerals, amino acids, antibiotics and colorants. Compound feed has become an essential part of the globally increasing livestock industry and meat production industry. The end consumers of the compound feed are poultry, pig, ruminants, fish etc.
Middle East And Africa Compound Feed Market Drivers:
The growth of the Middle East and Africa Compound feed market is majorly driven by factors such as rise in meat consumption, increase in mass production of meat, and recent livestock disease outbreaks. Different regulatory structures, volatile economies, and increasing cost of operations are the major restraining factors for this regional market. And, an increase in the cost of raw materials is also a key challenge for the companies in the market.
Middle East And Africa Compound Feed Market - By Ingredients:
Middle East And Africa Compound Feed Market - By Supplements:
Middle East And Africa Compound Feed Market - By Animal:
Poultry, pork, and cattle are the largest consumers of compound feed in this region, accounting for the major share of the overall compound feed market.
The Market is Geographically divided into:
The Middle Eastern and African market is projected to be the fastest-growing market for the Compound feed market. In terms of revenue, South Africa leads the market in this region. This region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat products and due to the rise in disposable incomes in developing economies.
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