Middle East and Africa Animal Feed Market

 

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.

Middle East and Africa Animal Feed Strategic Insights

Strategic insights for the Middle East and Africa Animal Feed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Animal Feed Report Scope

Middle East and Africa Animal Feed Regional Insights

The geographic scope of the Middle East and Africa Animal Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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

• To understand the MEA animal feed market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA animal feed market
• Efficiently plan M&A and partnership deals in MEA animal feed market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA animal feed market
• Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.

MEA ANIMAL FEED MARKET SEGMENTATION

• By

  Form

  • Pellets
  • Crumbles
  • Mash
  • Others

• By

  Livestock

  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Others

• By

  Country

  • • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Company Profiles

• Archer Daniel Midland Co.
• Cargill Inc.
• Evonik Industries AG
• New Hope Group Co. Ltd,
• Nutreco NV
• Perdue Farms