Middle East Feed Minerals Market Size (2024 - 2029)

The Middle East Feed Minerals Market is experiencing growth driven by the increasing recognition of the importance of mineral-enriched feeds for livestock nutrition. These feeds, which include essential vitamins and minerals, are crucial for maintaining animal health and promoting growth. The heightened awareness of livestock health and the quality of meat products, particularly in response to disease outbreaks, is contributing to the expansion of the market. This trend is expected to continue, leading to a significant increase in the market size of feed minerals within the compound feed industry in the region.

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Market Size of Middle East Feed Minerals Industry

Middle East Feed Minerals Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.50 %
Market Concentration High

Major Players

Middle East Feed Minerals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Middle East Feed Minerals Market Analysis

The Middle East Feed Minerals Market is projected to attain a CAGR of 4.5% during the forecast period of 2020-2025. Mineral Feed is generally a mixed feed that comprises of minerals for the nutrition of livestock enriched with vitamins, flavoring agents, and medicated ingredients. Mineral feeds involve liquid mineral feed which contains vitamins and mineral elements. These minerals help in maintaining the well-being of livestock and improve the growth of animals. The necessary elements which are not present in the body of animals are added to the feed to maintain the health of animals. The effect of disease outbreaks of livestock health has increased the importance of minerals in the feed of animals. Owing to this, there is widespread awareness about good quality meat products, which is thus likely to accelerate the usage of feed minerals in the compound feed industry in the years to come.

Middle East Feed Minerals Industry Segmentation

Feed minerals are the supplements that enhance animal nutrition when added to animal feed, which comprises of major structural elements of the livestock weight. The end consumers of feed minerals are feed mills that manufacture compound feed. The market scope excludes mineral supplements directly purchased by farmers to add to the nutritional qualities of home-grown feed.

Type
Micro Minerals
Macro Minerals
Animal Type
Ruminant
Poultry
Swine
Aquaculture
Others
Geography
Saudi Arabia
UAE
Oman
Bahrain
Kuwait
Rest of Middle East
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Middle East Feed Minerals Market Size Summary

The Middle East Feed Minerals Market is experiencing a steady growth trajectory, driven by the increasing demand for high-quality meat and the necessity of maintaining livestock health. Mineral feeds, which are enriched with vitamins and other essential elements, play a crucial role in enhancing the well-being and growth of animals. The rising awareness about the importance of good quality meat products, coupled with the impact of livestock disease outbreaks, has underscored the significance of incorporating minerals into animal feed. This trend is further propelled by the industrialization of meat production and the fast-paced urbanization in the region, which have heightened the demand for locally produced meat. As a result, the feed minerals market is poised for expansion, with a focus on improving meat quality and supporting the compound feed industry.

In Saudi Arabia, the demand for high-quality meat products is particularly pronounced, driven by a better standard of living and high purchasing power. The preference for locally produced chilled meat is on the rise, supported by government regulations favoring local content in food supply chains. The cultural emphasis on hospitality, which involves serving meat to guests, further fuels this demand. The country's livestock and feed production have seen significant growth, indicating a robust expansion of the compound feed industry. The market is characterized by a competitive landscape, with both local and global players such as Alltech, Cargill Inc, and Archer Daniels Midland Company vying for market share. This fragmentation among key players highlights the dynamic nature of the Middle East Feed Minerals Market.

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Middle East Feed Minerals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Micro Minerals

      2. 2.1.2 Macro Minerals

    2. 2.2 Animal Type

      1. 2.2.1 Ruminant

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 UAE

      3. 2.3.3 Oman

      4. 2.3.4 Bahrain

      5. 2.3.5 Kuwait

      6. 2.3.6 Rest of Middle East

Middle East Feed Minerals Market Size FAQs

The Middle East Feed Minerals Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

DSM, Alltech, Inc., Archer Daniels Midland Company, Cargill Inc and Nutreco N.V are the major companies operating in the Middle East Feed Minerals Market.

Middle East Feed Minerals Report Snapshots

Middle East Feed Minerals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)