Middle East & Africa Feed Premix Market Revenue to cross US$ 851.63 million by 2030

At 3.4% CAGR, Middle East & Africa Feed Premix Market is Projected to be Worth US$ 851.63 Million by 2030, Says The Insight Partners

According to The Insight Partners' research, the Middle East & Africa feed premix market was valued at US$ 653.50 million in 2022 and is expected to reach US$ 851.63 million by 2030, registering a CAGR of 3.4% from 2022 to 2030. Rising preference for organic feed and increase in livestock production are among the critical factors attributed to the Middle East & Africa feed premix market expansion.

People are becoming more conscious about their health; thus, they prefer consuming organic food as it does not contain pesticides. Organic milk and meat are richer in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, people prefer organic food and organic meat over the conventional food. This has led to the demand for organic feed to supply organic meat to consumers. Livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic feed due to the growing demand for organic meat and dairy products.

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 developing organic feed that contains no chemical additives. Animals feeding on such feed offer meat that has high nutritional value. Thus, consumers often find organic and natural products as healthier alternatives to conventional products. Consumers are mainly inclined toward organic products, which has encouraged manufacturers to invest heavily in products produced with organic constituents. Furthermore, the better accessibility to infinite information with the help of the internet has made consumers highly aware of their health needs, leading to the increasing demand for organic feed. Thus, the rising preference for organic feed is expected to become a significant trend in the Middle East & Africa feed premix market during the forecast period.

On the contrary, bans on antibiotics as feed additives hampers the growth of Middle East & Africa feed premix market.

Based on type, the Middle East & Africa feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. The blends segment held 41.8% share of the Middle East & Africa feed premix market in 2022, amassing US$ 272.97 million. It is projected to garner US$ 361.68 million by 2030 to expand at 3.6% CAGR during 2022-2030.

By form, the Middle East & Africa feed premix market is bifurcated into dry and liquid. The dry segment held 73.3% share of the Middle East & Africa feed premix market in 2022, amassing US$ 478.91 million. It is projected to garner US$ 632.53 million by 2030 to expand at 3.5% CAGR during 2022-2030.

By livestock, the Middle East & Africa feed premix market is segmented into poultry, ruminants, swine, aquaculture, and others. The poultry segment held 57.1% share of the Middle East & Africa feed premix market in 2022, amassing US$ 373.12 million. It is projected to garner US$ 493.27 million by 2030 to expand at 3.6% CAGR during 2022-2030.

Based on country, the Middle East & Africa feed premix market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held 57.5% share of Middle East & Africa feed premix market in 2022, amassing US$ 376.02 million. It is projected to garner US$ 478.45 million by 2030 to expand at 3.1% CAGR during 2022-2030.

Key players operating in the Middle East & Africa feed premix market are Archer-Daniels-Midland Co, Cargill Inc, De Heus Voeders BV, Kemin Industries Inc, Koninklijke DSM NV, and Nutreco NV, among others.



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