According to MarkNtel Advisors’ research report, “Middle East & Africa Animal Feed Market Analysis, 2021,” the market is likely to grow at a CAGR of 3.4% during 2021-26 primarily due to the increasing demand for high-quality animal products, such as milk, eggs, meat, & wool, the rising focus on animal health, and the surge in cattle farming. On the other hand, the mounting inclination towards the natural growth of the animals, the rising popularity of meat & its related products, and increasing health problems in animals shall also create lucrative opportunities to drive market growth.
Key questions answered in the study
Vitamins Captured the Highest Market Share
Based on Nutrition, the market bifurcates into Vitamins, Carotenoids, Enzymes, Organic Acid, Clay, Glycinates, CLA, and 1,2-Propandiol. Among these segments, Vitamins accounted for the highest share in the Middle East & Africa Animal Feed Market in the previous few years. The segment growth owes to the surging demand for vitamins including vitamin A, C, D, E, K, B1, B2, B6, B12, biotin, and folic acid in the animal nutrition industry. Feed comprising of vitamins poses the ability to improve stability and compatibility. Further, deficiency of vitamins may reduce the productivity and immunity of food-producing animals. Therefore, demand for animal feed comprising of vitamins is significantly high.
“Middle East & Africa Animal Feed Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Animal Feed providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
UAE Exhibits Fastest Growth
UAE is likely to register the fastest growth in the Middle East & Africa Animal Feed market during 2021-26 due to the shift in consumer preferences towards protein-rich animal-based products. Additionally, the surging production and consumption of animal-based food also increase the demand for animal feed in the country. Therefore, based on these aspects, the UAE is very likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “Middle East & Africa Animal Feed Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Middle East & Africa Animal Feed Market are Archer Daniel Midland Co., Cargill Inc., Evonik Industries AG, New Hope Group Co. Ltd, Nutreco NV, Perdue Farms Inc, DSM Nutritional Products, Du Pont, BASF, and Novozymes.