At 3.9% CAGR, Middle East & Africa Corn and Wheat-Based Feed Market is Projected to be Worth US$ 12,951.60 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa corn and wheat-based feed market was valued at US$ 9,540.67 million in 2022 and is expected to reach US$ 12,951.60 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Rising preference for organic feed and increase in livestock production are among the critical factors attributed to drive the Middle East & Africa corn and wheat-based feed market growth.

Animals who consume organic food offer meat that has high nutritional value. Organic milk and meat are rich in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic food and organic meat over conventional food as it does not contain pesticides. Due to the growing demand for organic meat and dairy products, livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic corn and wheat-based feed to supply organic meat to consumers.

Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the Middle East & Africa corn and wheat-based feed market during the forecast period.

On the contrary, the challenges related to corn and wheat production hampers the growth of Middle East & Africa corn and wheat-based feed market.

Based on product type, the Middle East & Africa corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held 93.8% market share in 2022, amassing US$ 8,951.26 million. It is projected to garner US$ 12,119.88 million by 2030 to register 3.9% CAGR during 2022-2030. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.

In terms of livestock, the Middle East & Africa corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held 50.0% share of Middle East & Africa corn and wheat-based feed market in 2022, amassing US$ 4,771.81 million. It is anticipated to garner US$ 6,333.96 million by 2030 to expand at 3.6% CAGR during 2022-2030.

By country, the Middle East & Africa corn and wheat-based feed market is segmented into by country, the Middle East & Africa corn and wheat-based feed market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 51.0% share of Middle East & Africa corn and wheat-based feed market in 2022. It was assessed at US$ 4,867.65 million in 2022 and is likely to hit US$ 6,455.08 million by 2030, registering a CAGR of 3.6% during 2022-2030.

Key players operating in the Middle East & Africa corn and wheat-based feed market are Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, International Nutritionals Ltd, Nordfeed, and Roquette Freres SA, among others.


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