Middle East & Africa Corn and Wheat-Based Feed Market
No. of Pages: 76 | Report Code: BMIRE00030674 | Category: Food and Beverages
No. of Pages: 76 | Report Code: BMIRE00030674 | Category: Food and Beverages
The Middle East & Africa corn and wheat-based feed market was valued at US$ 9,540.67 million in 2022 and is expected to reach US$ 12,951.60 million by 2030; it is estimated to register a CAGR of 3.9% from 2022 to 2030. Increase in Livestock Production Bolster Middle East & Africa Corn and Wheat-Based Feed Market
The demand for livestock products is driven by increasing urbanization, changing lifestyles and food preferences, and the rapidly rising population across the world. According to the Food and Agriculture Organization (FAO), meat protein consumption across the world is predicted to increase by 14% by 2030. Animal protein accounts for 16% of energy and 34% of protein in human diets. World milk production is expected to rise by 1.6% annually between 2020 and 2029 and reach 997 million metric tons in 2029, according to a report by the Organization for Economic Co-operation and Development (OECD) and FAO.
The increasing consumption of protein-rich livestock products such as meat and increasing milk production propel the production of livestock. Livestock production accounts for ~19% of the value of food production and 30% of the global value of agriculture. As shown in the following figure, according to the FAO, the total meat production globally was 235.06 million metric tons in 2001, significantly increasing to 354.82 million metric tons in 2021. Poultry production accounted for a notable growth of 93% from 2001 to 2021.
GLOBAL MEAT PRODUCTION BY LIVESTOCK TYPE (2001-2021)
Strategic insights for the Middle East & Africa Corn and Wheat-Based 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. The geographic scope of the Middle East & Africa Corn and Wheat-Based 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.
Get more information on this report Middle East & Africa Corn and Wheat-Based Feed Strategic Insights
Get more information on this report Middle East & Africa Corn and Wheat-Based Feed Report Scope
Report Attribute
Details
Market size in 2022
US$ 9,540.67 Million
Market Size by 2030
US$ 12,951.60 Million
Global CAGR (2022 - 2030)
3.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Product Type
By Livestock
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Get more information on this report Middle East & Africa Corn and Wheat-Based Feed Regional Insights
Get more information on this report
The rising livestock production has encouraged manufacturers to focus on providing good quality and nutrient-rich feed for livestock. The growth in livestock production creates a demand for corn and wheat-based animal feed as cereals and grains are one of the main sources of energy and nutrients for animals. Corn is one of the major cereals used for animal feed production. Thus, increasing healthy livestock production across the world drives the corn and wheat-based feed market growth.Middle East & Africa Corn and Wheat-Based Feed Market Overview
In the Middle East & Africa, the demand for corn and wheat-based feed is experiencing a surge due to several unique regional factors. One significant driver is the rapid population growth and urbanization. As urban populations expand, dietary patterns shift toward increased consumption of meat and dairy products. This shift in dietary preferences fuels the growth of the livestock industry, driving up the demand for animal feed. Corn and wheat-based feeds are essential for animal diets due to their nutritional value, affordability, and availability, making them integral to meeting the rising demand for livestock products in the region.
The Middle East & Africa region is experiencing rapid economic growth and increasing disposable income levels, particularly in urban areas. This economic expansion leads to higher levels of meat consumption as consumers have more purchasing power to afford animal products. Consequently, there's a corresponding increase in the demand for feed grains to support the livestock industry's growth and meet the rising demand for meat and dairy products. Corn and wheat-based feeds are favored for their cost-effectiveness and nutritional value, making them essential components of animal diets in the region's expanding urban centers. The Middle East & Africa faces water scarcity and arable land availability challenges, which impact agricultural production. In many parts of the region, water resources are limited, and arable land is scarce, making it challenging to sustain large-scale grain cultivation. As a result, countries in the region rely heavily on imports to meet their feed grain needs. Corn and wheat are among the most commonly imported grains, used primarily for animal feed.
Middle East & Africa Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Corn and Wheat-Based 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. The geographic scope of the Middle East & Africa Corn and Wheat-Based 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.
Get more information on this report Middle East & Africa Corn and Wheat-Based Feed Strategic Insights
Get more information on this report Middle East & Africa Corn and Wheat-Based Feed Report Scope
Report Attribute
Details
Market size in 2022
US$ 9,540.67 Million
Market Size by 2030
US$ 12,951.60 Million
Global CAGR (2022 - 2030)
3.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Product Type
By Livestock
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Get more information on this report Middle East & Africa Corn and Wheat-Based Feed Regional Insights
Get more information on this report
Middle East & Africa Corn and Wheat-Based Feed Market Segmentation
The Middle East & Africa corn and wheat-based feed market is categorized into product type, livestock, and country.
Based on product type, the Middle East & Africa corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
In terms of livestock, the Middle East & Africa corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest market share in 2022.
By country, the Middle East & Africa corn and wheat-based feed market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa corn and wheat-based feed market share in 2022.
Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, International Nutritionals Ltd, Nordfeed, and Roquette Freres SA are some of the leading companies operating in the Middle East & Africa corn and wheat-based feed market.
1. Agrana Beteiligungs AG
2. Archer Daniels Midland Company
3. Associated British Foods Plc
4. International Nutritionals Ltd
5. Nordfeed
6. Roquette Freres SA
The Middle East & Africa Corn and Wheat-Based Feed Market is valued at US$ 9,540.67 Million in 2022, it is projected to reach US$ 12,951.60 Million by 2030.
As per our report Middle East & Africa Corn and Wheat-Based Feed Market, the market size is valued at US$ 9,540.67 Million in 2022, projecting it to reach US$ 12,951.60 Million by 2030. This translates to a CAGR of approximately 3.9% during the forecast period.
The Middle East & Africa Corn and Wheat-Based 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 & Africa Corn and Wheat-Based Feed Market report:
The Middle East & Africa Corn and Wheat-Based Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Corn and Wheat-Based Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Corn and Wheat-Based Feed Market value chain can benefit from the information contained in a comprehensive market report.
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