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Middle East And Africa Feed Carotenoid Market By Type (Lutein, Canthaxanthin, Astaxanthin, Beta-Carotene, Lycopene, Zeaxanthin, And Others), By Animal Type (Poultry, Aquaculture, Swine, Ruminant, And Others), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2022 to 2027)

Published: January, 2022
ID: 1306
Pages: 145

Middle East and Africa Feed Carotenoid Market Size (2022 - 2027):

The Middle East and Africa Feed Carotenoid Market was worth $0.31 billion in 2021 and estimated to be growing at a CAGR of 3.22%, to reach $0.41 billion by 2026.

The Feed Carotenoid market is growing at a substantial rate due to the progress in the animal feed industry. Carotenoids are the organic pigments naturally occurring in plants and have been utilized for food colourings with beta-carotene for a long time. However, with constant research and development, they have also found significance in feeds and food supplements.

Middle East and Africa Feed Carotenoid Market Drivers:

The growth of the Middle East and Africa Feed Carotenoid market is majorly driven by factors such as growing health consciousness among the consumers, rising consumption of compound and pelleted feed, and increasing predilection for natural coloration. Also, growing acceptance of intensive farming systems in the poultry and aquaculture industry is anticipated to drive the growth of the market. However, factors such as high expenses incurred during the extraction and mounting costs of raw materials are thwarting the growth of the market in this region.

Market Segmentation:

Middle East and Africa Feed Carotenoid Market – By Type:

  • Lutein

  • Canthaxanthin
  • Astaxanthin
  • Beta-Carotene
  • Lycopene
  • Zeaxanthin
  • others

Among these, Astaxanthin leads the Feed Carotenoid market, followed by beta-carotene and lutein. Astaxanthin is utilized on a large scale due to its functional characteristics, easy obtainability, and usage in almost all the industrial areas. However, the beta-carotene segment is estimated to be the fastest-growing market during the forecast period, owing to its high efficacy and medicinal properties.

Middle East and Africa Feed Carotenoid Market – By Animal Type:

  • Poultry
  • Aquaculture
  • Swine
  • Ruminant
  • others

Under this segment, Poultry leads the market accounting for more than 45% of the market share. However, Aquaculture is projected to be the fastest growing segment with a CAGR of 6.8%.

Geographical Analysis:

The market has been geographically segmented into Middle East and Africa. The development of pork, poultry, and aquaculture business and the growing focus on the quality and appearance of meat, meat products, and fish are the factors driving the demand of carotenoids in this region. Feed Carotenoids have also shown a similar growth trend with the aquafeed industry in this region.

Key Players:

Partnerships and arrangements with raw material suppliers and traders to guarantee uninterrupted supply at discounted costs is the most adopted plan by the players in the market. Expansion of the company and putting up new plants to boost production capability is another tactic adopted by the key players. The major companies dominating the Feed Carotenoid market in this region are BASF SE, Chr. Hansen A/S, FMC Corporation, Kemin Industries Inc., Royal DSM N.V., and Behn Meyer Group.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods  

                1.4 General Study Assumptions                

2. Research Methodology                                           

                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. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)  

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Type                        

                                5.1.1 Lutein       

                                5.1.2 Canthaxanthin      

                                5.1.3 Astaxanthin            

                                5.1.4 Beta-Carotene      

                                5.1.5 Lycopene

                                5.1.6 Zeaxanthin             

                                5.1.7 Others      

                5.2 By Animal Type                         

                                5.2.1 Poultry     

                                5.2.2 Aquaculture           

                                5.2.3 Swine        

                                5.2.4 Ruminant

                                5.2.5 Others      

6. Geographical Analysis                                              

                6.1 Introduction                              

                6.2 Middle-East                                

                6.3 Africa                            

7. Strategic Analysis                                       

                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. Market Leaders' Analysis                                        

                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 Chr. Hansen A/S                       

                8.3 FMC Corporation                     

                8.4 Kemin Industries Inc.                              

                8.5 Royal DSM N.V.                        

                8.6 Behn Meyer Group                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures   

                9.4 New Product Launches                          

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Middle East & Africa Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  2. Middle East & Africa Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  3. Middle East & Africa Lutein Market By Region, From 2022 - 2027 (USD Billion)
  4. Middle East & Africa Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  5. Middle East & Africa Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  6. Middle East & Africa Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  7. Middle East & Africa Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  8. Middle East & Africa Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  9. Middle East & Africa Other types Market By Region, From 2022 - 2027 (USD Billion)
  10. Middle East & Africa Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  11. Middle East & Africa Poultry Market By Region, From 2022 - 2027 (USD Billion)
  12. Middle East & Africa Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  13. Middle East & Africa Swine Market By Region, From 2022 - 2027 (USD Billion)
  14. Middle East & Africa Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  15. Middle East & Africa Other animals Market By Region, From 2022 - 2027 (USD Billion)
  16. Middle East Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  17. Middle East Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  18. Africa Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  19. Africa Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)

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