Middle East & North Africa Aquafeed Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The Middle East & North Africa aquafeed market size is expected to reach US$ 6,426.12 million by 2031 from US$ 3,610.14 million in 2024. The market is estimated to record a CAGR of 8.6% from 2024 to 2031.

Executive Summary and Middle East & North Africa Aquafeed Market Analysis:

The aquaculture industry in the Middle East and North Africa (MENA) is relatively new compared to other parts of the world, making this region highly dependent on other countries for food and feed. With limited marine resources and rising concerns over the sustainability of wild fishing, aquaculture has become a critical component of food security strategies in countries such as Egypt, Saudi Arabia, Morocco, and Iran. Key aquaculture-producing countries within the region include Saudi Arabia, Turkey, and Iran. However, many other countries, such as Oman and the UAE, are investing in and expanding aquaculture to drive sustainable food production. As aquaculture expands, the demand for nutritionally balanced and cost-effective aquafeed continues to rise, ensuring optimal growth and health of farmed aquatic species such as tilapia, seabass, and shrimp. Under the Aquaculture Development Program, the Saudi Arabian government further aims to improve the survival rates of aquaculture species and reduce feed costs by 30% or more annually‚ achieving savings of more than US$ 400 million. Thus, supportive government policies, regional collaborations, and investments in research and development are paving the way for the growth of the aquafeed market. As seafood consumption increases due to health-conscious dietary trends and population growth, the MENA aquafeed market is poised to play a crucial role in meeting the region's sustainable food production goals.

Middle East & North Africa Aquafeed Market Strategic Insights

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Middle East & North Africa Aquafeed Market Segmentation Analysis

Key segments that contributed to the derivation of the aquafeed market analysis are ingredient type, species, and lifecycle.

• By ingredient type, the aquafeed market is segmented into soybean, corn, fishmeal, fish oil, and others. The others held the largest share of the market in 2024.
• By species, the aquafeed market is segmented into fish, crustaceans, mollusks, and others. The fish held the largest share of the market in 2024.
• By lifecycle, the aquafeed market is segmented into starter feed, grower feed, finisher feed, and brooder feed. The starter feed held the largest share of the market in 2024.

Middle East & North Africa Aquafeed Market Outlook

Technological advancements in feed production are shaping the future of the aquafeed industry by enhancing efficiency, sustainability, and customization. Innovations such as precision nutrition and advanced formulation techniques allow manufacturers to create feeds tailored to the specific dietary requirements of different aquatic species. This ensures optimal growth rates, better feed conversion ratios, and improved immunity in farmed species, addressing the growing demand for high-quality seafood. Technologies such as microencapsulation and nanotechnology enable the efficient delivery of essential nutrients, vitamins, and minerals, reducing nutrient loss and enhancing feed stability under varying aquaculture conditions.

The integration of alternative protein sources, such as insect meal, algae, and single-cell proteins, has also been made feasible through advancements in processing and formulation technologies. These sustainable ingredients reduce dependency on fishmeal and fish oil, addressing environmental concerns and raw material cost fluctuations. Additionally, smart feeding systems powered by data analytics, machine learning, and the Internet of Things (IoT) are revolutionizing feed management. These systems monitor fish behavior, water quality, and environmental parameters in real-time to optimize feeding schedules and reduce wastage. Furthermore, advancements in enzyme technology and probiotics are improving nutrient digestibility and gut health, enhancing overall feed performance.

Middle East & North Africa Aquafeed Market Country Insights

Based on country, the Middle East & North Africa aquafeed market comprises the Egypt, Morocco, Saudi Arabia, the UAE, Algeria, Bahrain, Turkey, Oman, Iraq, Kuwait, Qatar, and the Rest of Middle East & North Africa. Egypt held the largest share in 2024.

The aquafeed market in Egypt is experiencing significant growth, driven by the country's position as one of the largest aquaculture producers in the Middle East & North Africa. Aquaculture plays a vital role in Egypt's food security, providing a cost-effective source of protein for its growing population. According to the International Center for Living Aquatic Resources Management (ICLARM), Egypt is the leading aquaculture producer in Africa, generating 1.6 million tons of fish annually, valued at US$ 3.5 billion. Aquaculture accounts for 80% of fish production, primarily from private farms. The sector employs ~300,000 people. As fish consumption rises, aquaculture production has expanded to bridge the gap between supply and demand. This expansion has heightened the need for nutritionally balanced and cost-effective aquafeed, particularly for small and medium-scale fish farmers who form the backbone of the industry.

Middle East & North Africa Aquafeed Market Report Highlights

Middle East & North Africa Aquafeed Market Company Profiles

Some of the key players operating in the market include Cargill, Incorporated; World Feeds Limited; Kemin Industries Inc; Archer-Daniels-Midland Co; Alltech Inc; BioMar Group AS; Purina Animal Nutrition LLC; Godrej Agrovet Ltd; Aller Aqua AS; Raanan Fish Feed West Africa Limited; Arabian Agricultural Services Company; Bern Aqua NV; Avanti Feeds Limited; Skretting; Ridley Corporation Limited; Growel Feeds Pvt Ltd; Quality Feeds Limited; Grand Fish Feed; Dibaq Diproteg SA; and Marubeni Nisshin Feed Co Ltd among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Middle East & North Africa Aquafeed Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Middle East & North Africa Aquafeed Market Country and Regional Insights