Market Trends of Middle East Feed Vitamins Industry
This section covers the major market trends shaping the Middle East Feed Vitamins Market according to our research experts:
Industrialization of Meat Production
Animal feeding plays a leading role in the middle eastern feed industry and feed is the largest and most important component to ensure the sustainable production of safe and affordable animal proteins for the generation of healthy meat. The countries are meat-driven economies where meat forms an important part of the diet of these countries. This will in turn drive the feed vitamin market to promote healthy growth in the animals. The main meat producers in the Middle East are Egypt, Turkey, and Jordan among other countries. A feed is the major cost factor for the livestock farmers. The number of poultry animals intaking feed vitamins grew in the region from 23,444 per thousand heads to 24,097 per thousand heads in 2018. Also, the cattle meat increased from 987,482 metric tons in 2017 to 1,003,859 metric tons in 2018 owing to the increased demand for meat in the region. Thus, the middle-eastern farmers will demand feed vitamins in order to produce better meat quality for the consumers in the middle east.
Saudi Arabia Dominates the Market
Saudi Arabia dominates this market followed by Turkey, the United Arab Emirates, and other middle eastern countries. The livestock feeding in the Middle Eastern region is highly dependent on agricultural products like maize, sorghum, soybean meal, groundnut meal, and rice bran. However, with rising livestock and animal health standards and the subsequent large-scale adoption of compound feed, several vitamins like A, D, E, K, and B are also included in livestock diets across the region. The Vitamin A market in Saudi Arabia was significantly disrupted by inspections relating to environmental issues and new regulations. With the growing prices for the vitamins in the region, one of the major market players like DSM has planned to extend its investment towards vitamin production, which is likely to stabilize the prices in the near future.
