Middle East and Africa Animal Feed Market Forecast to 2027 – COVID-19 Impact and Analysis - By Form (Pellets, Crumbles, Mash, and Others), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
Number of Pages: 76
Market Introduction
The animal feed market in the MEA includes South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. With the availability of a wide variety of pet food, the Middle East and the African countries experience a shift in the dietary patterns in animals and pets. These options are gaining traction owing to their health benefits, long shelf life, and other factors. Animal feed is preferred as it meets the nutritional needs, boosts the taste appeal with delectable aroma and flavor, as well as a feasible option for pets and animals with dental problems. . As animal feed products are more palatable alternatives, it is creating a new level of enthusiasm toward the product in the region. Furthermore, as South Africa is among the pet-friendly countries, it homes a few leading manufacturers of animal and pet feed. Apart from manufacturing, it also imports animal feed, which is further anticipated to boost the market for animal feed during the forecast period.
Market Overview and Dynamics
The animal feed market in MEA is expected to grow from US$ 23,502.51 million in 2018 to US$ 30,740.45 Mn by 2027; it is estimated to grow at a CAGR of 2.9% from 2019 to 2027. According to the United Nations, 821 Mn people in 2018 were undernourished. Taking into account all the people in the world affected by moderate levels of food insecurity as well as those who suffer from hunger, it is estimated that more than 2 billion people do not have regular access to sufficient and nutritious food. The World Bank and many private and public companies have made investments in rural and agricultural development to boost nutrition and food production and mitigate food insecurity. The unabated increase in the population has strained the food supply chain and increased the demand for high calorie and protein diet. According to a study by the United Nations, the world will need 70% more food to feed a population of 9.6 billion people. Hence, technological advancements in animal nutrition to improve productivity of farm animals and increase the production of dairy and milk has become paramount to provide adequate nutrition to the world. The need for wholesome food to feed the burgeoning population base presents a lucrative opportunity for the livestock, meat, dairy, and its allied animal feed industry. Animal feed industry is anticipated to receive investments across the globe to aid in balanced nutrition program of animals, which is crucial to supplement the protein and daily nutrition requirements of the world. This is bolstering the growth of the MEA animal feed market.
Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of COVID-19.
Key Market Segments
In terms of form, the pellets accounted for the largest share of the MEA animal feed market in 2018. In terms of livestock, the poultry segment held a larger market share of MEA animal feed market in 2018.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA animal feed market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniel Midland Co., Cargill Inc., Evonik Industries AG, New Hope Group Co. Ltd, Nutreco NV, and Perdue Farms Inc.
Reasons to buy report
MEA ANIMAL FEED MARKET SEGMENTATION
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 23,502.51 Million |
| Market Size by 2027 | US$ 30,740.45 Million |
| CAGR (2019 - 2027) | 2.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Animal Feed Market is valued at US$ 23,502.51 Million in 2018, it is projected to reach US$ 30,740.45 Million by 2027.
As per our report Middle East and Africa Animal Feed Market, the market size is valued at US$ 23,502.51 Million in 2018, projecting it to reach US$ 30,740.45 Million by 2027. This translates to a CAGR of approximately 2.9% during the forecast period.
The Middle East and Africa Animal Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Animal Feed Market report:
The Middle East and Africa Animal Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Animal Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Animal Feed Market value chain can benefit from the information contained in a comprehensive market report.
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