The Middle East and Africa Feed Additives Market are likely to record a compound annual growth rate (CAGR) of 5.2% during the foreseen period of 2022 - 2027.
Coronavirus pandemic has affected the business mainly in three ways, by directly affecting the production, creating supply chain and market disturbance and financial losses. The COVID-19 has impacted in every sector like restaurants, manufacturing units, flights, traveling and so many sectors to halt their services.
Due to the covid-19, the Middle East and Africa Feed Additives market are also facing difficulties, and it caused huge financial losses for the local Feed Additives manufacturing industries due to the financial crisis they had faced. As per the analysis, the industry experts are predicting that the market will record a surge in the future and will be back to the normal stage once the vaccine gets released. As we all are aware that in most countries, the government has already lifted the lockdown and given strict permission for the manufacturing companies to start their businesses with must-follow rules and regulations.
Market Drivers:
One of the major driving factors that help the growth of the Middle East and Africa Feed Additives market is the increasing awareness regarding quality feed. Degradation in animals’ physiological condition and construction of livestock farms are some other driving factors of the Middle East and Africa Feed Additives market.
Challenges:
Lack of reproduction and severe climate change are some of the growth affecting factors of the Middle East and Africa Feed Additives business. Availability of alternative products is also among the major challenging factors that are inhibiting the expansion of the Middle East and Africa Feed Additives industry.
Among these, the vitamins and minerals segment holds the major share of the market in terms of volume as they are essential for sustaining and improving the health of livestock.
Regional Analysis:
The Middle East and Africa region is having the largest share of the feed additives market owing to increasing awareness regarding quality feed in some of the emerging economies in the area like the UAE, Saudi Arabia, Qatar, Egypt, South Africa, and other African nations.
Key market players:
Some of the key players in the Middle East and Africa Feed Additives market are Adisseo Asia-Pacific Pte Ltd, Cargill Asia-Pacific Holdings Pte Limited, DuPont Asia-Pacific, Ltd., Novozymes (China) Investment Co., Ltd., Evonik (SEA) Pte. Ltd., BASF Asia-Pacific, DSM Dyneema, Lonza Biologics Tuas Pte Ltd, ADM (Shanghai) Management Company, Chr. Hansen (Beijing) Trading Co., Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Type
5.1.1 Antibiotics
5.1.2 Antioxidants
5.1.3 Amino Acids
5.1.4 Enzymes
5.1.5 Vitamins
5.1.6 Mycotoxin Detoxifiers
5.1.7 Prebiotics
5.1.8 Acidifiers
5.1.9 Probiotics
5.1.10 Feed Pigments
5.1.11 Feed Binders
5.1.12 Flavours and Sweeteners
5.1.13 Feed Minerals
5.2 By Livestock
5.2.1 Poultry
5.2.2 Cattle
5.2.3 Swine
5.2.4 Aquatic animals
6.1 Introduction
6.5.2 Middle East
6.5.3 Africa
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cargill Inc.
8.3 Alltech Inc.
8.4 Novozymes A/S
8.5 Chr. Hansen Holding A/S
8.6 Archer Daniels Midland Company
8.7 Charoen Pokphand Foods Public Company Limited
8.8 Nutreco N.V.
8.9 Evonik Industries AG
8.10 Adisseo France SAS
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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