Middle East And Africa Compound Feed Market Research Report – Segmented By Ingredients Supplements, Animal Type, And Region (KSA, UAE, Israel, South Africa, and Ethiopia, Kenya, Egypt, Sudan, Rest of GCC Countries, and Rest of MEA) - Industry Analysis, on Size, Share, Trends, COVID-19 Impact And Forecast (2024 to 2029)

Published: January, 2024
ID: 322
Pages: 145

Middle East And Africa Compound Feed Market (2023 to 2028)

The Middle East and Africa compound feed market is expected to be valued at USD 37.61 billion in 2023 and is estimated to be growing at a CAGR of 1.51% to reach USD 40.54 billion by 2028.

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. The most commonly used raw materials are soybean, corn, barley wheat, and sorghum. The most common additives used to form compound feed are minerals, amino acids, antibiotics, and colorants. Compound feed has become an essential part of the globally increasing livestock and meat production industries. The end consumers of the compound feed are poultry, pigs, ruminants, fish, etc.

The growth of the Middle East and Africa compound feed market is majorly driven by factors such as a rise in meat consumption, an increase in mass production of meat, and recent livestock disease outbreaks. Different regulatory structures, volatile economies, and increasing costs of operations are the major restraining factors for this regional market. An increase in the cost of raw materials is also a key challenge for companies in the market.

The Middle East And Africa compound feed market is segmented and sub-segmented into the following categories:

Middle East And Africa Compound Feed Market - By Ingredients:

  • Cereals
  • Cereals by-Product
  • Oilseed Meal
  • Oil
  • Molasses
  • Supplements
  • Others

Middle East And Africa Compound Feed Market - By Supplements:

  • Vitamins
  • Antibiotics
  • Antioxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers
  • Others

Middle East And Africa Compound Feed Market - By Animal:

  • Ruminant
  • Swine
  • Poultry
  • Aquaculture
  • Others

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.

Middle East And Africa Compound Feed Market – By Country:

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • Rest of MEA

The Middle Eastern and African markets are projected to be the fastest-growing markets 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 consumers about the quality of meat products and due to the rise in disposable incomes in developing economies.

KEY MARKET PLAYERS:

Cargill Inc, Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ Lakes, Inc, Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V, Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A, DeKalb Feeds, Inc, De Heus B.V, Ballance Agri-Nutrients Ltd, J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP are some of the major key players involved in the Middle East Africa compound feed market.

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Frequently Asked Questions

what is the current size of the middle east and africa compound feed market?

The current size of the Middle East and Africa compound feed market is expected to be valued at USD 37.61 billion in 2023.

what is the expected growth value in middle east and africa compound feed market?

The Middle East and Africa compound feed market is expected to be valued to grow to USD 40.54 billion by 2028.

what are the dominating factors in middle east and africa compound feed market?

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.

what are the key market players involved in middle east and africa compound feed market?

Cargill Inc, Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ Lakes, Inc, Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V, Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A, DeKalb Feeds, Inc, De Heus B.V, Ballance Agri-Nutrients Ltd, J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP. Are some of the major key players involved in the Middle East Africa compound feed market.

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