The Middle East and Africa feed premix market is expected to be valued at USD 2.68 billion in 2023 and is projected to reach USD 3.05 billion by 2028, at a CAGR of 2.59% during the forecast period from 2023 to 2028.
Nutrient feed premix is a mixture of functional ingredients and additives. In birds, it helps control feed contamination from Aflatoxins, Tricho Thecenes, Ochra Toxins A, Zearalenone & Fomonisins for better feed consumption & weight gain. It is available both in liquid and powder form.
Increasing demand for cost-effective and high-quality feed from farmers to boost farm animal productivity is a major driving factor for growth in the feed premix market in the Middle East and African countries. The end-consumer demand for high-quality meat from the meat processing industry is also trickling down to demand feed premixes from farmers.
However, the majority of the farming community is still not aware of livestock health and the use of feed premixes, which enhance productivity. Therefore, the market in this region is still in a primitive stage and will rise slowly with increasing awareness among the consumers and the companies investing more in this region.
In type, Vitamins are the most widely used premix. The demand for feed premixes in the poultry industry accounted for the largest share and is projected to be the fastest-growing segment.
Middle East countries and African countries. The market in this region has the lowest share of 3% due to the farming community's unawareness about the uses and benefits of feed premixes.
Cargill, Koninklijke DSM N.V, Nutreco N.V, Archer Daniels Midland Company, InVivo Nutrition et Sante Animales, and Existing companies such as DSM and Nutreco have been actively involved in the acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence.
Frequently Asked Questions
Middle-East Feed Premix market is expected to be valued at USD 2.68 billion in 2023
The increasing demand for high-quality animal products, rising awareness about animal nutrition, and a growing livestock industry are key factors for the market growth.
It is segmented into vitamins, minerals, amino acids, antibiotics, and other additives nutritional needs in animal feed.
Increasing demand for cost-effective and high-quality feed from farmers to boost farm animal productivity.
Industry analysts project a compound annual growth rate (CAGR) of 2.59% for the Middle East Feed Premix Market over the next five years.
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