Market Size of Middle East Africa Feed Antioxidants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Feed Antioxidants Market Analysis
The middle east feed antioxidants market is projected to grow at a CAGR of 4.8% during the forecast period(2020-2025). Economic growth, rising income levels, population growth along with rising health concern to meet the diet requirements have led to increased preference for animal-sourced protein which has resulted in the higher meat production. Feed antioxidants enable the poultry birds in maintaining redox balance and reduce oxidative stress to avoid deterioration in the quality of the eggs, problems with embryonic development, and loss of performance. Mass production of livestock and Increased awareness among the farmers about the benefits of antioxidants, is another factor augmenting the growth of the market. Some of the Players in the market are Layn Natural Ingredients Corp., Alltech Inc., Perstorp, Novus International, and Cargill Inc.
MEA Feed Antioxidants Industry Segmentation
Feed antioxidants are substances used in animal feeds to increase the shelf life of feed by preventing undesirable oxidation in finished feeds and the guts of animals. They are known to keep the nutritional and energy value of the feed intact and also prevent rancid oxidation of fats.
| Type | |
| BHA | |
| BHT | |
| Ethoxyquin | |
| Others |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle East & Africa |
Middle East Africa Feed Antioxidants Market Size Summary
The Middle East and Africa feed antioxidants market is experiencing growth driven by economic development, increasing income levels, and a rising population, which have collectively heightened the demand for animal-sourced protein. This surge in demand has led to increased meat production, necessitating the use of feed antioxidants to maintain the health and productivity of livestock. These antioxidants play a crucial role in supporting the redox balance in poultry, helping to mitigate oxidative stress and ensuring the quality of eggs, embryonic development, and overall performance. The market is further bolstered by heightened awareness among farmers regarding the benefits of antioxidants, alongside the mass production of livestock. Key players in this market include Layn Natural Ingredients Corp., Alltech Inc., Perstorp, Novus International, and Cargill Inc., who dominate the market due to their global presence and lack of local competition.
The South African compound feed market is witnessing steady growth, fueled by increased production and demand for livestock products, alongside rising population and urbanization. This growth is reflected in the substantial production of poultry feed, which is the highest among other types of feed, such as dairy and beef. The expanding livestock population has driven up feed production, thereby propelling the demand for feed antioxidants. The market is characterized by consolidation, with major players holding a significant share due to their global reach and the limited presence of local companies. This has resulted in a competitive landscape where small players hold less than half of the market share. The introduction of innovative products, such as Layn Corp's TruGro MAX, further underscores the dynamic nature of the market, offering potent antioxidant support for animal feed.
Middle East Africa Feed Antioxidants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 BHA
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2.1.2 BHT
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2.1.3 Ethoxyquin
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2.1.4 Others
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 United Arab Emirates
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2.3.3 South Africa
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2.3.4 Rest of Middle East & Africa
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Middle East Africa Feed Antioxidants Market Size FAQs
What is the current Middle East Africa Feed Antioxidants Market size?
The Middle East Africa Feed Antioxidants Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Middle East Africa Feed Antioxidants Market?
Layn Natural Ingredients Corp., Perstorp, Novus International, Cargill Inc and Alltech Inc. are the major companies operating in the Middle East Africa Feed Antioxidants Market.
