Middle East and Africa Animal Feed Market Size to Touch Value of USD 18 Billion & Volume of 31 Million Tons by 2030

Published | 26 February 2024

Middle East and Africa Animal Feed Market is flourishing because of the increasing demand for organic feed and industrial livestock and rowing belief of consumers to include more protein in their diet.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Animal Feed Market size by value of USD 13.23 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Animal Feed Market size to expand at a CAGR of 4.72% reaching a value of USD 17.99 billion by 2030. Growing livestock production as a result of rising meat consumption and other animal-based goods is one of the major growth drivers for the Middle East and Africa Animal Feed Market.

By volume, BlueWeave estimated the Middle East and Africa Animal Feed Market size at 26.8 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Animal Feed Market size to expand at a CAGR of 5.88% reaching the volume of 30.87 million tons by 2030. Farmers’ increasing focus on improving animal nutrition as a result of the rising incidence of zoonotic illnesses is also expected to propel the Middle East and Africa Animal Feed Market during the period in analysis.

Opportunity: Increasing demand for meat and other animal-based products

According to the Agriculture and Horticulture Development Board (AHDB), the primary factor driving the expansion of Middle East and Africa Animal Feed Market is consumers' increasing consumption of chicken meat, which is followed by beef and sheep meat. Additionally, favorable government initiatives to achieve self-sufficiency in food production in the MENA (Middle East and North Africa) region are fueling the increasing number of livestock farms, which is anticipated to drive the poultry segment over the forecast period.

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Impact of Escalating Geopolitical Tensions on Middle East and Africa Animal Feed Market

Middle East and Africa Animal Feed Market

Segmental Coverage

Middle East and Africa Animal Feed Market – By Raw Material

Based on raw material, the Middle East and Africa Animal Feed Market is segmented into corn, cereals & grains, wheat, maize, barley, oilseeds, and others. The corn segment accounts for the highest market share in the Middle East and Africa Animal Feed Market by raw material. About 50% of the feed composition comprises corn, making corn one of the primary elements in farm animal feed. Corn is a good source of carbohydrates and is also high in fiber, vitamins, and minerals. It is usually a major ingredient in processed animal feed. Animal feed producers choose to use it as a recommended ingredient due to its energy contribution, content level (60-80%), and minimal chemical composition variability.

Middle East and Africa Animal Feed Market – By Country

The in-depth research report on the Middle East and Africa Animal Feed Market covers the market in a number of major MEA countries, including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and the rest of MEA. Saudi Arabia dominates the Middle East and Africa Animal Feed market owing to its high meat consumption. The expanding livestock production due to the increasing population and the increasing number of meat production facilities to gain self-sufficiency in the country is driving the animal feed market in Saudi Arabia.

Competitive Landscape

Major players operating in the Middle East and Africa Animal Feed Market include Archer Daniels Midland Company, Avebe Inc., Beneo Gmbh, Borregaard, Cargill Inc., Evonik Industries AG, New Hope Group Co. Ltd., Nutreco NV, Perdue Farms Inc., DSM Nutritional Products, and Du Pont.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Middle East and Africa Animal Feed Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East and Africa Animal Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Animal Feed Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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