Middle East & Africa Feed Premix Market Forecast to 2030 - Regional Analysis - by Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, Blends, and Others), Form (Dry and Liquid), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

The Middle East & Africa feed premix market was valued at US$ 653.50 million in 2022 and is expected to reach US$ 851.63 million by 2030; it is estimated to grow at a CAGR of 3.4% from 2022 to 2030.

Increase in Livestock Production Bolsters Middle East & Africa Feed Premix Market

Industrial livestock production has undergone a significant transformation owing to increasing demand for meat-based products and dairy products. Animal protein account for 16% of energy and 34% of the protein in human diets. Livestock production also accounts for ~19% of the value of food production and 30% of the global value of agriculture. The demand for livestock products is driven by changing lifestyles and food preferences, increasing urbanization, growing income, and the rapidly rising world population. With burgeoning livestock demand, the consumption of protein-rich meat products is surging. According to the Food and Agriculture Organization (FAO), worldwide meat protein consumption is predicted to increase by 14% by 2030. Additionally, world milk production is expected to rise by 1.6% annually between 2020 and 2029 and reach 997 million metric tons in 2029, according to a report by the Organization for Economic Co-operation and Development (OECD) and FAO. Thus, the increasing consumption of livestock products such as meat and increasing milk production has encouraged manufacturers to focus on providing good quality and nutrient rich feed for livestock. This drives the demand for feed premix as an additive among the feed manufacturers. The growth in livestock production is likely to create a demand for feed premixes to enhance the nutritional quality of feed, as people are highly concerned about the quality of meat they consume. Nutrient deficiencies in livestock can be resolved by providing them with nutritional feed that maintains the growth rate of livestock, their health, and well-being. Thus, with the surging demand, the production of healthy livestock is increasing across the globe, further driving the Middle East & Africa feed premix market.

Middle East & Africa Feed Premix Market Overview

The increasing demand for quality meat products in the Middle East & Africa is increasing the adoption of animal feed among livestock farms, boosting the demand for feed additives such as feed premixes. As per the report of Alltech Global, South Africa, Oman, Egypt, Nigeria, Morocco, and Algeria are cumulatively producing 65% of animal feed in the Middle East & Africa. Furthermore, South Africa, Tanzania, Kenya, and Ethiopia are leading livestock farming nations in the region. Thus, increased livestock farming surged the demand for animal feed, boosting the Middle East & Africa feed premix market. Southern African Development Community (SADC) is also promoting regional livestock programs to address difficulties and challenges faced by the livestock sector in the SADC countries. These projects received support from International Cooperating Partners and the Livestock Technical Committee (LTC). Hence, the rising demand for meat products across the region fosters livestock farming activities, mostly in African countries, and subsequently increases the demand for animal feed additives such as feed premix. Therefore, the Middle East & Africa feed premix market in the region is expected to witness significant growth during the forecast period.

Middle East & Africa Feed Premix Market Segmentation

The Middle East & Africa feed premix market is segmented based on type, form, livestock, and country.

Based on type, the Middle East & Africa feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. The blends segment held the largest share in 2022.

By form, the Middle East & Africa feed premix market is bifurcated into dry and liquid. The dry segment held a larger share in 2022.

By livestock, the Middle East & Africa feed premix market is categorized into research poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest share in 2022.

Based on country, the Middle East & Africa feed premix market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa feed premix market in 2022.

Archer-Daniels-Midland Co, Cargill Inc, De Heus Voeders BV, Kemin Industries Inc, Koninklijke DSM NV, and Nutreco NV are some of the leading companies operating in the Middle East & Africa feed premix market.