The Middle East and Africa feed vitamin market is estimated to reach USD 0.81 billion by 2026 from USD 0.62 billion in 2021 by growing at a CAGR of 1.6%.
The region has observed a boom in consumption of animal feed in the recent past. Middle East and Africa region is facing a water shortage problem which has shifted the focus to animal husbandry. Leading players in the market are looking for advanced technologies with water efficient systems.
The food supplements given to the farm animals are referred to as Feed vitamins. They have benefits like they provide vitamins which the animals are unable to take through their daily meals and prevents from the diseases caused by deficiency of vitamins. For producing feeds, selection of ingredients is done very precisely in order to attain better health of the livestock and to obtain good end products like meat, egg and milk.
Middle East and Africa Feed Vitamin Market Drivers:
Expansion of dairy and poultry industry in the Middle East and Africa region is driving the market majorly. Vitamin consumption is very essential for the livestock which is also fueling the growth of the market. Lack of awareness is a major issue in this region which hinders the growth of the market.
Mainly the feed vitamin market is segmented into type of livestock including swine, ruminants, poultry, aquatic animals and others. They are either single functioned or multi functioned. On the basis of formulation, they are divided into liquid, dry and others (powder, pellet). Poultry is the largest and fastest growing segment due to increase in population and hence increase in the demand of meant and egg.
Key players in the Middle East and Africa market are S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V.
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