Middle East Feed Minerals Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East Feed Minerals Market Analysis
The Middle East Feed Minerals Market is projected to attain a CAGR of 4.5% during the forecast period of 2020-2025. Mineral Feed is generally a mixed feed that comprises of minerals for the nutrition of livestock enriched with vitamins, flavoring agents, and medicated ingredients. Mineral feeds involve liquid mineral feed which contains vitamins and mineral elements. These minerals help in maintaining the well-being of livestock and improve the growth of animals. The necessary elements which are not present in the body of animals are added to the feed to maintain the health of animals. The effect of disease outbreaks of livestock health has increased the importance of minerals in the feed of animals. Owing to this, there is widespread awareness about good quality meat products, which is thus likely to accelerate the usage of feed minerals in the compound feed industry in the years to come.
Middle East Feed Minerals Market Trends
This section covers the major market trends shaping the Middle East Feed Minerals Market according to our research experts:
Increasing Meat Demand to Drive the Feed Minerals Market
The enhanced meat production in the middle east is accounted for by the increased demand for locally produced meat by natives. Fast-paced urbanization has enhanced the demand for good quality meat among consumers. These factors are fuelling the growth of the feed minerals market in the Middle East. Industrialization of meat production has prompted producers to supply high quality of meat. For maintaining the quality of meat, mineral feeds are required. The outbreak of diseases in the livestock population tends to reduce the quality of meat. As quoted by the Food and Agricultural Organization, livestock production in the region including Kuwait, Bahrain, Oman, Saudi Arabia, and the United Arab Emirates among others, increased by 3.3% from 294.9 million heads in 2016 to 304.9 million heads in 2018.
Saudi Arabia to Dominate the Compound Feed Minerals Market
A better standard of living and high purchasing power of people in Saudi Arabia has resulted in an increased demand for high-quality meat products. Mineral induced feed protect livestock from diseases and improve the health of them. There has been a shift in preference of consumers towards locally produced chilled meat. According to USDA Foreign Agriculture Service, Saudi consumers prefer 900 to 1100 grams of locally produced poultry per day. The regulations by the Saudi government use more than 70 % of local content by catering services supplying government institutions. Since the culture of Saudi Arabia promotes the serving of meat to its guests as a gesture of hospitality, the demand for good quality meat is rising. The country's livestock production peaked at 208.3 million heads in 2016 and significantly increased to 212.9 million heads in 2018. Despite only a 2.3% intensification in livestock production, the country's feed production increased by 38.4% from 5.2 million metric tons in 2016 to 7.2 million metric tons in 2019. This clearly signifies the acceleration of the compound feed industry in the Saudi Arabian market.
Middle East Feed Minerals Industry Overview
The middle east feed minerals market has companies from the local and global arena competing among themselves on new products. Thus, the market is fragmented among these players. The major players in the market are Alltech, Cargill Inc, Archer Daniels Midland Company, Bio Multimin Inc, Biochem Lohne Germany.
Middle East Feed Minerals Market Leaders
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DSM
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Alltech, Inc.
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Archer Daniels Midland Company
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Cargill Inc
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Nutreco N.V
*Disclaimer: Major Players sorted in no particular order
Middle East Feed Minerals Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Micro Minerals
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5.1.2 Macro Minerals
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5.2 Animal Type
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5.2.1 Ruminant
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Others
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5.3 Geography
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5.3.1 Saudi Arabia
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5.3.2 UAE
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5.3.3 Oman
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5.3.4 Bahrain
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5.3.5 Kuwait
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5.3.6 Rest of Middle East
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Alltech, Inc.
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6.3.2 Archer Daniels Midland Company
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6.3.3 Bio Multimin Inc
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6.3.4 Cargill Inc
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6.3.5 Novus International
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6.3.6 Nutreco NV
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6.3.7 Pancosma SA
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6.3.8 Phibro Animal Health Corp.
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6.3.9 Ridley Inc.
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6.3.10 Royal DSM NV
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6.3.11 Tanke Biosciences Corp.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Middle East Feed Minerals Industry Segmentation
Feed minerals are the supplements that enhance animal nutrition when added to animal feed, which comprises of major structural elements of the livestock weight. The end consumers of feed minerals are feed mills that manufacture compound feed. The market scope excludes mineral supplements directly purchased by farmers to add to the nutritional qualities of home-grown feed.
| Type | |
| Micro Minerals | |
| Macro Minerals |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Others |
| Geography | |
| Saudi Arabia | |
| UAE | |
| Oman | |
| Bahrain | |
| Kuwait | |
| Rest of Middle East |
Middle East Feed Minerals Market Research FAQs
What is the current Middle East Feed Minerals Market size?
The Middle East Feed Minerals Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Middle East Feed Minerals Market?
DSM, Alltech, Inc., Archer Daniels Midland Company, Cargill Inc and Nutreco N.V are the major companies operating in the Middle East Feed Minerals Market.
What years does this Middle East Feed Minerals Market cover?
The report covers the Middle East Feed Minerals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Feed Minerals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East Feed Minerals Industry Report
Statistics for the 2024 Middle East Feed Minerals market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Middle East Feed Minerals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
