Middle East and Africa Poultry Feed Market
Market Introduction
The Middle East & Africa (MEA) primarily includes South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region is witnessing an increasing demand for processed food. In South Africa, poultry has particularly been in high demand among processed foods as one of the significant sources of protein, creating lucrative opportunities for poultry feeds producers in the region. The growing support from the government is also expected to increase poultry production in MEA. In Saudi Arabia, local poultry producers are being encouraged by the government with subsidies to raise poultry production to meet the country's poultry consumption needs. The UAE government's strategy of increasing self-reliance and reducing imports is aiding the expansion of their domestic poultry industry.
The ongoing COVID-19 pandemic compelled the implementation of preventive measures that drastically altered the status of the animal feed industry and negatively impacted the growth of the Middle East & Africa poultry feed market. Governments across the region ordered the closure of their international ports, further causing disruptions in the poultry feed supply chain. The COVID-19 pandemic impacted the availability of raw materials to prepare poultry feed in the countries. Many countries that depend on imports of main raw ingredients, such as corn and soybeans, to prepare poultry feed have had substantial problems procuring them. The availability of poultry feed in most places was difficult due to the shutting down of the feed plants. The consumption of poultry meat declined drastically. The poultry feed industry has been badly affected by the closure of restaurants across the region. The expanding demand for poultry feed and significant investments by prominent manufacturers are expected to drive the growth of poultry feeds.
Market Overview and Dynamics
The poultry feed market in Middle East & Africa is expected to grow from US$ 6,230.54 million in 2021 to US$ 7,757.17 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. Growing poultry production; poultry sector is registering a continual rise across the region. An increase in poultry production is mainly attributed to the rising demand for poultry meat and eggs. Poultry is regarded as one of the most cost-effective protein sources due to which the demand for poultry products, such as eggs and meat, continues to rise. There is a surge in chicken consumption among people who are more concerned about their health. The increasing youth population is expected to lead to an increase in poultry production and consumption with their modern consumption habits. As per the FAO, poultry meat represented about 39% of global meat production in 2019. Global egg production has surged by 150% in the last three decades. The surge in the poultry production has led to an increase in the use of quality poultry feed products. For poultry growth, production, and health, providing proper nutrition is essential. Feed consumption is a vital prerequisite for flocks to reach their full potential of development and productivity. Due to aforementioned factors, the demand for poultry feed has increased significantly, reporting a rise in the MEA market.
Key Market Segments
Based on poultry type, the Middle East & Africa poultry feed market is segmented into broilers, layers, turkeys, and others. In 2020, the broilers
segment accounted for the largest revenue share. Based on category, the Middle East & Africa poultry feed market is segmented into organic and conventional. In 2020, the conventional segment accounted for the largest revenue share. Based on form, the Middle East & Africa poultry feed market is segmented into pellets, crumbles, mashed, and others. In 2020, the pellets segment accounted for the largest revenue share.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the poultry feed market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ADM; AFGRI Animal Feeds.;
Alltech.; Cargill, Incorporated.; Charoen Pokphand Foods PCL; De Heus Animal Nutrition.; and SHV Holdings; among others.
Reasons to buy report
MIDDLE EAST & AFRICA POULTRY FEED MARKET SEGMENTATION
By Country
Company Profiles
Strategic insights for the Middle East and Africa Poultry 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 6,230.54 Million |
| Market Size by 2028 | US$ 7,757.17 Million |
| Global CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Poultry Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Poultry 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.
The Middle East and Africa Poultry Feed Market is valued at US$ 6,230.54 Million in 2021, it is projected to reach US$ 7,757.17 Million by 2028.
As per our report Middle East and Africa Poultry Feed Market, the market size is valued at US$ 6,230.54 Million in 2021, projecting it to reach US$ 7,757.17 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The Middle East and Africa Poultry 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 Poultry Feed Market report:
The Middle East and Africa Poultry 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 Poultry Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Poultry Feed Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East and Africa Poultry Feed Market
