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Middle East & Africa Animal Feed Market Outlook, 2027

Middle East & Africa Animal Feed Market Outlook, 2027

Bonafide Research 03-02-2022 54 Pages Figures : 14 Tables : 19
Region : MEA Category : Food & Beverages Agriculture

1. Cargill Incorporation

2. Guangdong Haid Group Co., Limited

3. Charoen Pokphand Group

4. New Hope Liuhe Co., Ltd

5. Archer-Daniels-Midland Company

More...

Animal feed formulators hold expertise in making animal nutrition with the help of safe and economically viable resources available. They produce balanced feed meeting animals physical requirements and supporting their performance allowing for equally efficient, safe and economically viable livestock production. Feed manufacturers even help livestock farmers in developing perfectly balanced diet for health benefits to animals. Generally, Animal feeds are referred to the products which are significantly involved in improving animal’s health. These feeds differ according to animal. This feeds helps in enhancing animal abilities by providing enriched nutrients necessary for accelerating performance of animal’s growth, weight gain and developing immunity. The awareness of protein substance which is required to be present in animal feeds is gaining attention of livestock farmers which in turn is expected to grow the animal feed market in the upcoming years of forecast period.

According to the research report “Middle East & Africa Animal Feed Market Outlook, 2027" published by Bonafide Research, the MEA animal feed market has estimated to register a CAGR of 5.01% during the forecast period. South African feed market has created opportunity for feed manufacturers to grow in the market. The per capita meat consumption is increasing in South Africa creating demand for animal products and processed meat feed products. This has created opportunity to enhance animal productivity which in turn has led to growth in livestock production. Aquaculture feed is becoming more popular in Middle East countries where the government is even increasing focus to strengthen the trade ties regarding sales of meat, between the Middle East countries and other regions. Increasing consumption of sea food and rising per capita income with increase in sea food trade between the countries and region are proving as major factor driving the growth of the market.

The covid-19 pandemic has expelled many opportunities in Animal Feed market. The manufacturers have faced a drastic fall down in transportation of raw materials on time, lack of supply chain systems have impacted the growth of animal feed market. Governments across every globe have ordered for closure of their international transport systems, which has resulted to cause further disruptions in animal feed market. Poultry feed is badly affected sector due to shutting down of multiple feed poultries and plants. This has led to decline the consumption of poultry meat in South Africa. Poultry feed & Pig feed is the major feed market segmented into layers, broilers, and others. Among these, broilers segment own the largest market in meat consumption. The broiler feed is high in proteins which supports them in rapid growth. The feed for broiler chicken is available into numerous forms such as pellets, crumbles and mash. Pellets have the highest demand in animal market based by form. Poultry feed is varied into four categories such as pellets, mash, crumbles and other. Among all, pellets segment hold the highest market share. Pellet feed improves health and provides rapid growth to their increased feed intake, better digestibility, and increased palatability.

Major Companies present in the market:
Cargill Inc., Guangdong Haid Group, Chareon Pokphand Foods, For Farmers, New Hope Liuhe Co Ltd, Archer Daniels Midland Co, Feed One Co, Ltd, Alltech Inc, Nutreco N.V, Kent Nutrition Group.

Considered in this report:
• Geography: Middle East & Africa
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Middle East & Africa animal feed market with its value and forecast along with its segments
• Country-wise animal feed products market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• United Arab Emirates
• Saudi Arabia
• South Africa
• Rest of Middle East

Types of feed ingredients in the report:
• Cereals
• By-Products
• Cakes & Meals
• Supplements

Types of feed by livestock in the report:
• Cattle Feeds
• Poultry Feeds
• Pig Feeds
• Aqua Feeds

Types of feed by form in the report:
• Pellet
• Mash
• Crumbles
• Cubes & Cakes

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Animal Feed Industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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