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Middle East and Africa Feed Additives Market Outlook 2021 | Revenue Models

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Middle East and Africa Feed Additives Market was worth $3.45 billion in 2016 and estimated to be growing at a CAGR of 3.96%, to reach $4.19 billion by 2021. 2017-12-07 13:02:30
The Middle East and Africa Feed Additives Market was worth $3.45 billion in 2016 and estimated to be growing at a CAGR of 3.96%, to reach $4.19 billion by 2021.

The Middle East and Africa feed additives market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein.

Feed additives are used in animal nutrition to boost the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained reputation globally, as they further the overall health of the animal, in turn enhancing the quality and quantity of meat produced from them. For example, poultry feed additives are used to enhance the bird’s egg-laying capacity, disease prevention, and feed utilization.

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The growth of the Middle East and Africa Feed Additives market is majorly driven by factors such as the rise in meat consumption, industrialization of the livestock industry, and danger of diseases in livestock. Increase in the cost of raw materials for feed additives is a key challenge for the companies in the Middle East and Africa market.

The Middle East and Africa feed additives market is segmented based on type and livestock. The market for feed additives, on the basis of type, is classified into Antibiotics, Antioxidants, Amino Acids, Enzymes, Vitamins, Mycotoxin Detoxifiers, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Feed Binders, Flavours and Sweeteners, Feed Minerals and each is further classified into subgroups. On the basis of livestock, the Middle East and Africa feed additives market is segmented into poultry, cattle, swine, aquatic animals, and others. By livestock, the poultry segment leads the feed additives market in this region. Amino Acids, antibiotics, acidifiers, and vitamins are the major sectors accounting for almost 50% of the entire feed additives market. Feed antioxidant is another high growth segment in this market owing to ramped-up efforts of manufacturers to avoid feed spoilage and wastage.

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The market has been geographically segmented into Middle East and Africa and is projected to be the fastest-growing market for feed additives 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 the consumers about the quality of meat products and due to the rise in disposable incomes in developing economies, primarily in South Africa. The emphasis in the Middle East has moved to animal husbandry due to the water shortages and water exhaustive crop production techniques such as animal fodder is gradually being phased out creating new openings for international players.

Some of the major companies dominating this market in this region are BASF SE, Cargill, Inc., Alltech, Inc., Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, and Adisseo France SAS.

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