Press Release Description

Compound Feed Market to Elevate with Growing Focus on Animal Health Across the GCC Region

The GCC Compound Feed Market is estimated to grow at a CAGR of around 7.18% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The upward trajectory in market growth is propelled by an increasing emphasis on animal health & welfare across GCC countries. Heightened awareness regarding ethical treatment and the interconnectedness of human and animal well-being has spurred a greater focus on animal health among individuals. Moreover, the growing demand for high-quality animal-derived products has incentivized farmers to prioritize the health and welfare of their animals. Compound feed, known for its balanced and precisely formulated mixture of components, is gaining traction as a vital solution for ensuring optimal nutrition for livestock and poultry, thus enhancing in the GCC Compound Feed Market size.

Furthermore, GCC countries are increasingly prioritizing sustainable farming practices to bolster their agricultural economies. Also, recognizing the importance of food security and environmental conservation, several governments are embracing innovative agricultural technologies and precision farming methods, including livestock farming. Additionally, compound feed plays a crucial role in providing controlled & balanced nutritional solutions for cattle, thereby enhancing production efficiency.

Besides, the GCC's overarching goal to reduce reliance on imported food & bolster self-sufficiency aligns with their utilization of compound feed to enhance overall livestock output, reflecting a concerted effort towards sustainable agricultural practices, further states the research report, “GCC Compound Feed Market Analysis, 2024.

GCC Compound Feed Market

GCC Compound Feed Market Segmentation Analysis

Poultry Segment to Hold Major Market Share

Based on the animal type, the market is segmented into Ruminants, Poultry, Equine, and Aquaculture. Among them, the Poultry segment is expected to account for the majority of the market share owing to rising demand for poultry meat in the GCC countries. The rising need for protein-rich food, combined with growing consumer knowledge of the nutritional benefits of poultry meat & eggs, has resulted in an increase in poultry product consumption in the GCC countries.

The UAE to Account for a Prominent Share of the GCC Compound Feed Industry

The UAE is poised to witness a significant share in the GCC Compound Feed Market driven by the country's commitment to modernize its agriculture industry, as well as huge expenditures in new technology and infrastructure. The country's strategic efforts, such as Operation 300 Billion, which aims to dramatically increase domestic food production, contribute to the expansion of the country's compound feed business. Furthermore, the country's strategic initiatives in establishing sustainable practices, including water conservation and precision farming, help to provide ecologically responsible feeds, further boosting the UAE Compound feed market expansion.

Competitive Landscape

Feed Additive Providers: Cargill Middle East DMCC, ADM Europe, Middle East & Africa, Evonik Middle East and Africa (MEA), BASF Middle East LLC, Adisseo Animal Nutrition DMCC, etc., and Compound Feed Providers: ARASCO Feed (WAFI), Trouw Nutrition Middle East and Africa Export, IFFCO Animal Nutrition, Kuwait Animal Feed Factory (KAFF), Oman Flour Mills S.A.O.G., Omani National Livestock Development Co (S.A.O.C), and others, are the top players in GCC Compound Feed Market.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the GCC Compound Feed Market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography & and solution adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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