Report : Middle East and Africa Poultry Feed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Poultry Type (Layers, Broilers, Turkeys, and Others), Form (Pellets, Crumbles, Mashed, and Others), and Category (Organic and Conventional)
Conventional Segment to Dominate Middle East & Africa Poultry Feed Market during 2019–2028
According to a new market research study on “Middle East & Africa Poultry Feed Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Poultry Type, Form, and Category,” is expected to reach US$ 7,757.17 million by 2028 from US$ 6,230.54 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. Increasing demand for fortified poultry feed products is the major factor driving the growth of the Middle East & Africa poultry feed market. However, volatility in raw material prices may hinder the growth of Middle East & Africa poultry feed market. The report provides trends prevailing in the Middle East & Africa poultry feed market along with the drivers and restraints pertaining to the market growth.
The ongoing COVID-19 pandemic compelled the implementation of preventive measures that drastically altered the status of the animal feed industry and negatively impacted the growth of the Middle East & Africa poultry feed market. Governments across the region ordered the closure of their international ports, further causing disruptions in the poultry feed supply chain. The COVID-19 pandemic impacted the availability of raw materials to prepare poultry feed in the countries. Many countries that depend on imports of main raw ingredients, such as corn and soybeans, to prepare poultry feed have had substantial problems procuring them. The availability of poultry feed in most places was difficult due to the shutting down of the feed plants. The consumption of poultry meat declined drastically. The poultry feed industry has been badly affected by the closure of restaurants across the region. The expanding demand for poultry feed and significant investments by prominent manufacturers are expected to drive the growth of poultry feeds.
The Middle East & Africa poultry feed market is segmented into poultry type, form, category, and country. Based on poultry type, the Middle East & Africa poultry feed market is segmented into broilers, layers, turkeys, and others. In 2020, the broilers segment accounted for the largest revenue share. Based on category, the Middle East & Africa poultry feed market is segmented into organic and conventional. In 2020, the conventional segment accounted for the largest revenue share. Based on form, the Middle East & Africa poultry feed market is segmented into pellets, crumbles, mashed, and others. In 2020, the pellets segment accounted for the largest revenue share. On the basis of country, the Middle East & Africa poultry feed market is segmented into South Africa, Saudi Arabia, UAE, and rest of Middle East & Africa. The rest of Middle East & Africa accounts for largest market share in the 2020.
ADM; AFGRI Animal Feeds.; Alltech.; Cargill, Incorporated.; Charoen Pokphand Foods PCL; De Heus Animal Nutrition.; and SHV Holdings; are among the leading companies in the Middle East & Africa poultry feed market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cargill Animal Nutrition will enter into a strategic partnership with Fuite to build a premix, concentrate, and young animal nutrition production facility in Hasselt, the Netherlands. Fuite is a family-owned feed manufacturer that produces feed for poultry, swine, and ruminants.
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