The Middle East and Africa feed additives market is expected to reach a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2028.
One of the major driving factors that help the growth of the Middle East and Africa Feed Additives market is the increasing awareness regarding quality feed. Degradation in animals’ physiological condition and construction of livestock farms are some other driving factors in the Middle East and Africa Feed Additives market.
Lack of reproduction and severe climate change are some of the growth-affecting factors of the Middle East and Africa Feed Additives business. Availability of alternative products is also among the major challenging factors that are inhibiting the expansion of the Middle East and Africa Feed Additives industry.
Impact of COVID-19 on the Middle East and Africa feed additives market:
The coronavirus pandemic has affected the business mainly in three ways: directly affecting production, creating supply chain and market disturbance, and causing financial losses. COVID-19 has impacted every sector, like restaurants, manufacturing units, flights, traveling and so many sectors to halt their services. Due to COVID-19, the Middle East and African feed additives markets are also facing difficulties, and it caused huge financial losses for the local feed additives manufacturing industries due to the financial crisis they faced. As per the analysis, industry experts are predicting that the market will record a surge in the future and will be back to normal once the vaccine is released. As we all are aware in most countries, the government has already lifted the lockdown and given strict permission for the manufacturing companies to start their businesses with must-follow rules and regulations.
This market research report on the Middle East and Africa feed additives market is segmented and sub-segmented into the following categories.
Middle East and Africa Feed Additives Market – By Livestock:
Middle East and Africa Feed Additives Market – By Type:
Among these, the vitamins and minerals segment holds the major share of the market in terms of volume, as they are essential for sustaining and improving the health of livestock.
Middle East and Africa Feed Additives Market – By Form:
Middle East and Africa Feed Additives Market – By Source:
Middle East and Africa Feed Additives Market - By Region:
The Middle East and Africa region has the largest share of the feed additives market owing to increasing awareness regarding quality feed in some of the emerging economies in the area, like the UAE, Saudi Arabia, Qatar, Egypt, South Africa, and other African nations.
KEY MARKET PLAYERS:
Some of the key players in the Middle East and Africa Feed Additives market are Adisseo Asia-Pacific Pte Ltd, Cargill Asia-Pacific Holdings Pte Limited, DuPont Asia-Pacific, Ltd., Novozymes (China) Investment Co., Ltd., Evonik (SEA) Pte. Ltd., BASF Asia-Pacific, DSM Dyneema, Lonza Biologics Tuas Pte Ltd, ADM (Shanghai) Management Company, Chr. Hansen (Beijing) Trading Co., Ltd.
FAQ's
The Middle East and Africa feed additives market is expected to reach at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2028.
The vitamins and minerals segment holds the major share of the market in terms of volume, as they are essential for sustaining and improving the health of livestock.
Some of the key players in the Middle East and Africa Feed Additives market are Adisseo Asia-Pacific Pte Ltd, Cargill Asia-Pacific Holdings Pte Limited, DuPont Asia-Pacific, Ltd., Novozymes (China) Investment Co., Ltd., Evonik (SEA) Pte. Ltd., BASF Asia-Pacific, DSM Dyneema, Lonza Biologics Tuas Pte Ltd, ADM (Shanghai) Management Company, Chr. Hansen (Beijing) Trading Co., Ltd. They are playing a dominant role in the Middle East and Africa feed additives market.
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