Middle East and Africa Animal Nutrition Market, By Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others), Country (South Africa, Saudi Arabia, UAE, Kuwait, and rest of Middle East and Africa) Industry Trends and Forecast To 2028.
Market Analysis and Insights: Middle East and Africa Animal Nutrition Market
Animal nutrition market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.5% in the forecast period of 2021 to 2028 and is expected to reach USD 2,130.01 million by 2028. Grow in awareness regarding animal health, increase in demand for meat and its by-products, rising nutritional requirements of existing livestock, the rise in disposable income is increasing the consumption of animal-based products acts as driver for the Animal Nutrition market growth.
Animal nutrients refer to animals' dietary needs, including minerals, enzymes, eubiotics, macronutrients, amino acids, and vitamins essential in efficient meat and milk production, proper bone structures, and reproduction. The study of the composition and characteristics of the material consumed by the animal and how the feed material is metabolized (converted, utilized, and excreted) in the digestive tract and body cells of monogastric animals (pigs, broilers, layers), ruminants (sheep, cattle, goats), and lower digestive tract fermenters, is known as animal nutrition (horses, ostriches). Therefore, this information is incorporated into an economically feasible and practical system of animal nutrition to ensure that animals achieve their maximum genetic production potential. It mainly focuses on the dietary nutrient needs of animals, primarily those in agriculture and food production, and zoos, aquariums, and wildlife management.
Animal nutrition significantly contributes to nutrient-efficient livestock production, fostering animal products' safety and dietary quality for human consumption, improving farm animal health and welfare. These nutrients are necessary for several biological operations, such as carriage, storage of other nutrients, and protein synthesis. The factors driving the market's growth are growing awareness regarding animal health, increasing demand for meat and meat products, rising nutritional requirements of existing livestock, and growing disposable income are increasing the consumption of animal-based products. The factors expected to restrain the market’s growth are high prices of animal nutrition products, and environmental challenges impacting livestock production. The growing technological advancements in the feed industry will create opportunity for the market in the forecasted period. The availability of counterfeit products in the market for animal nutrition can create a massive challenge for the market.
Animal nutrition market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Animal Nutrition market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Animal Nutrition Market Scope and Market Size
Animal nutrition market is segmented on the based on the type, feed type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Middle East and Africa animal nutrition market is segmented into amino acids, enzymes, carotenoids, fiber, antioxidants, eubiotics, lipids, fatty acids, medicated feed additives, minerals, vitamins, and others. In 2021, the medicated feed additives segment is expected to dominate the market due to the rising awareness regarding the use of feed additives to maintain the health of animals.
- On the basis of feed type, the Middle East and Africa animal nutrition market is segmented into poultry feed, swine feed, ruminant feed, pet food, and others. In 2021, the poultry feed segment is expected to dominate the market due to the rising demand for poultry and its products across the world.
- On the basis of end user, the Middle East and Africa animal nutrition market is segmented into feed manufacturers, veterinarians, pet food manufacturers, livestock farmers, and others. In 2021, the feed manufacturers segment is expected to dominate the market due to rising demand for nutritional products among customers to maintain the health and wellbeing of the animals.
Animal Nutrition Market Country Level Analysis
Animal nutrition market is analyzed and market size information is provided by the country, type, feed type and end user as referenced above.
The countries covered in the Middle East and Africa Animal Nutrition market report are South Africa, Saudi Arabia, UAE, Kuwait, and rest of Middle East and Africa. South Africa is dominating in Middle East and Africa Animal Nutrition market due to growing awareness regarding animal health.
End User segment in South Africa country is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increase in demand for animal nutrition to enhance the performance of animals. The end user segment in Saudi Arabia is dominating market owing to increasing demand of meat and its by-products among the consumers. UAE is leading the growth of the Middle East and Africa market for end user segment is dominating in this country due to growing disposable income of population and increase in the consumption of meat products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Benefits of Animal Nutrition, is Boosting the Market Growth of Animal Nutrition Market.
Animal nutrition market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Animal Nutrition Market Share Analysis
Animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Animal Nutrition market.
The major companies which are dealing in the Animal Nutrition Cargill, Incorporated, DSM, Kemin Industries, Inc., Alltech, Phibro Animal Health Corporation, Mercer Milling Company, Inc., Rossari Biotech Limited, ADM, Aries Agro Limited, Avitech Nutrition Pvt. Ltd., Advanced Enzyme Technologies, Zoetis, Glanbia plc, DuPont (IFF Nutrition & Biosciences), Zinpro Corp., NOVUS INTERNATIONAL, BENEO, Norvite, Biovet, S.A, Bluestar Adisseo Co., Ltd., Balchem Inc., Vetoquinol S.A., Novozymes, EW Nutrition, BASF SE, Chr. Hansen Holding A/S, Brenntag Latvia, SIA, and azelis, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches are also initiated by the companies’ worldwide which are also accelerating the Animal Nutrition market.
For instance,
- In October 2021, BASF SE launched trinamiX mobile Near Infrared (NIR) spectroscopy solution to the feed industry. This mobile solution provides customers across the entire value chain with a fast and reliable on-site analysis of animal feed and ingredients. This helped the company to attract more customers as the customers no longer need to send the samples to the laboratory for testing instead, they can use this mobile solution
Collaboration, product launches, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the Animal Nutrition market which also provides the benefit for organization’s profit growth.
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