Market Size of Middle East Feed Binders Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.40 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Middle East Feed Binders Market Analysis
The Middle East Feed Binders Market is projected to register a CAGR of 2.4% during the forecast period 2020-2025. The growth in the feed binder market is primarily because of the expansion of the animal meat market. Increased meat consumption and a rise in health concerns in livestock have made the market consume a higher quantity of feed binders. Animal feed binders are used for durability and resistance to physical breakdown during handling and storage of terrestrial and avian feeds. Some binders also have additional nutritional value. Binders are crucial in determining variable levels of firmness adequate to specific feeding behavior.
Middle East Feed Binders Industry Segmentation
The Middle East feed Binders market report is segmented By Type into (Natural and Synthetic), By Animal Type into (Ruminant, Poultry, Swine, Aquaculture, and Others) in the countries like Israel, Egypt, Saudi Arabia, United Arab Emirates and Rest of Middle East.
Type | |
Natural Binders | |
Synthetic Binders |
Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Others |
Geography | |
Egypt | |
Saudi Arabia | |
United Arab Emirates | |
Rest of Middle East |
Middle East Feed Binders Market Size Summary
The Middle East Feed Binders Market is experiencing growth driven by the expansion of the animal meat market and increased meat consumption. This demand is further fueled by rising health concerns in livestock, necessitating a higher consumption of feed binders. These binders play a crucial role in enhancing the durability and resistance of animal feeds during handling and storage, while also providing additional nutritional value. The market is particularly buoyed by the growing poultry production and industrialization of livestock in countries like Saudi Arabia, which is witnessing a steady increase in demand for feed additives. The use of cost-effective binding ingredients such as wheat and wheat gluten is prevalent, contributing to the market's expansion during the forecast period.
In Egypt, the growth of modern dairy and feed farms, coupled with government policies aimed at boosting domestic beef production, has made the country an attractive market for feed additives. The rising urbanization and disposable incomes have shifted consumer preferences towards Western food habits, increasing the demand for meat and processed meat products. This has led farmers to adopt feed additives to maintain quality production amidst rising feed costs. However, the techniques involved in binding feed into pellets can increase processing costs, posing a challenge to market growth. The market is highly consolidated, with major players like Cargill and Nutreco Holdings dominating, while regional markets face challenges in expanding due to the consolidated nature of the industry.
Middle East Feed Binders 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 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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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 Natural Binders
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2.1.2 Synthetic Binders
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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 Others
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2.3 Geography
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2.3.1 Egypt
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2.3.2 Saudi Arabia
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2.3.3 United Arab Emirates
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2.3.4 Rest of Middle East
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Middle East Feed Binders Market Size FAQs
What is the current Middle East Feed Binders Market size?
The Middle East Feed Binders Market is projected to register a CAGR of 2.40% during the forecast period (2024-2029)
Who are the key players in Middle East Feed Binders Market?
Archer Daniels Midland Company , Avebe Inc., Beneo Gmbh, Borregaard and Cargill Inc. are the major companies operating in the Middle East Feed Binders Market.