The Middle East and Africa (MEA) Organic Feed market is expected to record a CAGR (compound Annual Growth Rate) of about 3.1% during the outlook period of 2022 - 2027.
Most of the companies in the world, including those in the Middle East and Africa are suffering with the production and demand, supply chain and market disruption and financial crisis due to the unprecedented attack of coronavirus that created a panic situation. Almost all the companies across the area have halted their manufacturing units due to the strict lockdown regulations imposed by the government authorities.
However, the government authorities gave permissions to the companies to restart their production units with strict rules and regulations recently, which in turn started the supply chain of their products that is likely to help them recover the financial crisis.
In the Middle East and Africa Organic Feed market, the companies related to the business are hoping to witness some profits in the next few years because of the surge in the making and intake of organic meat in this locale.
Middle East and Africa (MEA) Organic Feed Market Drivers:
The rise in investments by the major players in the MEA region for the new product developments, increasing demand for organic food products and growing organic livestock farming are some of the principal driving factors that help the growth of the Organic Feed market in the Middle East and Africa. Furthermore, increasing production and consumption with livestock farming are other prominent factors of the Middle East and Africa Organic Feed equipment market that will support this growth in the coming years.
Challenges:-
Some of the major restraints affecting the growth of the market of organic feed in the MEA are the high production cost of this feed and growing awareness about the safe food products in the middle-class population.
Middle East and Africa (MEA) Organic Feed Market – By Livestock:
poultry
Among these, the poultry segment holds a prominent share of the market due to the increase in the production of organic poultry, along with the rise in the call for organic meat.
Middle East and Africa (MEA) Organic Feed Market – By Type:
Among these, the cereals and grains segment accounted for the major share of the market due to the rising awareness about the advantages of feeding organic cereals and grains to fulfill the nutrient requirements and support growth in the livestock.
Middle East and Africa (MEA) Organic Feed Market – By Form:
Among these, the pellets segment holds the major share of the market because of the increasing adoption of organic feed pellets in order to minimize wastage.
Middle East and Africa (MEA) Organic Feed Market – By Additives:
Regional Analysis:
The Middle East and Africa region is having a considerable share of Organic Feed market owing to the increasing manufacturing with livestock farming, especially in Saudi Arabia, which is likely to propel the market boom further in this area. Furthermore, the rising investments by the major players within the region also supposed to help the market of organic feed to grow much further in the foreseen period.
Key market players:
Some of the key players of the MEA Organic Feed market are Country Heritage Feeds (Australia), ForFarmers (Netherlands), SunOpta (Canada), Purina Animal Nutrition LLC (US), Feedex Companies (US), Country Junction feed (US), Green Mountian Feeds (US), Unique Organic (US), Ranch-Way Feeds (US), Aller Aqua (Denmark), Scratch and Peck Feeds (US), Cargill (US), K-Much Feed Industry Co., Ltd (Thailand), The Organic Feed Company (UK), B&W Feeds (UK), Kreamer Feed (US), Cargill (US), BernAqua (Belgium), Yorktown Organics, LLC (US), and Hi Peak Feeds (UK).
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