Amino Acid Segment has the Largest Share of Product Type in the Middle East and Africa Animal Feed Additives Market during 2020–2028 

According to a new market research study on “Middle East and Africa Animal Feed Additives Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Product Type, Livestock and Country” is expected to reach US$ 3,002.47 million, by 2028 from US$ 2,040.33 million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa animal feed additives market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to increase use of additives in animal feed, and the high demand for livestock products are the key factors driving the market growth. However, the market is expected to experience slow growth during the forecast period owing to demand for animal feed additives, such as antibiotics.

Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region and is followed by South Africa and the UAE among others. UAE was the first country in the Middle East and Africa to report a confirmed case of COVID-19. Middle East and Africa region has been one of the worst hit regions in the world. Manufacturing activities came to a standstill as the expatriates in the region started returning back to their homes. The aforementioned factor led to crisis in countries that depend on laborers from outside the country. The region is undergoing a slow recovery phase as the vaccination approvals and opening of international borders is still ongoing. Despite the hurdles in manufacturing activities, the demand for animal feed is constant and therefore the consumption of feed additives is expected to grow over the forecast period in the region.

The market for Middle East and Africa Animal Feed Additives Market is segmented into the product type, livestock and country. Based on product type, the Middle East and Africa Animal Feed Additives Market is segmented into vitamins, amino acids, carotenoids, enzymes, prebiotics & probiotics, minerals, acidifiers, lipids, and others. In 2021, the amino acids segment accounted for the largest market share. Amino acid segment is dominant because amino acids are building blocks of polypeptides and proteins that are a primary component in animals’ tissues and muscles. They play an important role in metabolic and biochemical processes of an animal which in turn has propelled the demand for amino acids from the animal feed industry. However the aquaculture systems segment is estimated to register the highest CAGR during the forecast period.

Cargill Incorporated , Archer-Daniels-Midland Company , Evonik Industries AG  , Nutreco N.V , Alltech , DuPont de Nemours, Inc., DSM , Novozymes ,Kemin Industries Inc. Among the leading companies in the Middle East and Africa animal feed additives market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for Middle East and Africa animal feed additives market is segmented into product type, livestock. Based on product type, the Middle East and Africa animal feed additives market is segmented into vitamins, amino acids, carotenoids, enzymes, prebiotics & probiotics, minerals, acidifiers, lipids, and others. Based on end user, the Middle East and Africa animal feed additives market is segmented into poultry, ruminants, swine, aquaculture, and others. By Geographically, Middle East and Africa animal feed additives market is segmented into (South Africa, Saudi Arabia, UAE and Rest of Middle East and Africa).

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com