Saudi Arabia Feed Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 345.92 Million |
| Market Size (2029) | USD 403.95 Million |
| CAGR (2024 - 2029) | 3.15 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Feed Additives Market Analysis
The Saudi Arabia Feed Additives Market size is estimated at USD 345.92 million in 2024, and is expected to reach USD 403.95 million by 2029, growing at a CAGR of 3.15% during the forecast period (2024-2029).
The demand for animal health products is growing in the country, as more animals are affected by some disease or the other. In 2022, Saudi Arabia accounted for 39.1% of the Middle East feed additive market. The increase in investments in commercial animal production is expected to drive the growth of the Saudi Arabian feed additives market. Among all animal types, poultry birds held the largest share of the feed additive market by value in Saudi Arabia, accounting for 52.8% in 2022. This is attributed to the increasing demand for poultry meat and higher feed production. Ruminants are the second-largest animal type in the country, accounting for 44.6% of the total market by value in 2022.The poultry section of Saudi Arabia is one of the largest sections in the country. For curing diseases in poultry, owners are using betaine in animal feed, which is saving feed costs by replacing choline chloride and methionine as the methyl donor in poultry diets.
Saudi Arabia Feed Additives Market Trends
The Amino Acids Segment Leads the Feed Additives Market in Saudi Arabia
In terms of feed additives, amino acids hold the largest market share in the country, accounting for 18.6% of the feed additive market in 2022. Amino acids are associated with protein synthesis, which increases the meat content and quality of milk in animals. Binders, probiotics, and minerals are the next most used feed additives, accounting for 12.9%, 10.1%, and 9.6%, respectively, of the Saudi Arabian feed additives market. Minerals and probiotics promote animal growth, while binders help in increasing the feed conversion ratio. Amino acids in animal feed play an indispensable role in improving the efficiency of animal protein production and contribute to the increased protein supply.
As there is a high demand for cows and dairy products, the performance of cows has become a major concern. The latest technology in amino acids is helping to maintain a balanced dairy diet, with the right amount of limiting amino acids (which cannot be synthesized by dairy cows and should be fed externally), lower crude protein, and reduced amino acid market price.
Rising Production of Poultry in Saudi Arabia Driving the Feed Additives Market
Saudi Arabia is the largest poultry meat producer in the GCC countries, with a production of around 1,970 metric tons, which is approximately 54.89% of the total GCC poultry meat production.
Poultry meat is the most popular meat among GCC consumers at all levels of age and income. One of the reasons is that poultry meat is cheaper than beef and lamb. Saudi consumers prefer white-appearing poultry meat as the meat is believed to be of high quality, which offers an authentic taste when cooked and is thus, good for health. Saudi Arabia's Almarai company has invested USD 1.12 billion to establish a factory and new farms to increase poultry production. In 2022, the Saudi Arabian Ministry of Environment, Water, and Agriculture issued 275 poultry project licenses, including 119 for broiler projects, 26 for egg production with a capacity of more than two billion eggs per year, and 12 for breeding and producing broiler mothers and operating hatcheries with a capacity of 480.5 million chicks per year.
Saudi Arabia Feed Additives Industry Overview
The animal feed additives market is moderately concentrated, with various regional players accounting for more than 40% of the market share. The leading players in the market are focused on business expansion. The primary strategies are business expansions, eitherbyinvesting in a new production unit or acquiring established small players in the country. Investments in R&D activities to introduce new, efficient products is another strategy adopted by manufacturers to stay ahead of the competition in the country.
Saudi Arabia Feed Additives Market Leaders
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Alltech
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Cargill
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Arasco
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United Feed Company- (AlRai)
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Beneo
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Feed Additives Market News
June 2022: Brenntag acquired a stake in Al-Azzaz Chemicals, a specialty chemicals distributor in the Middle East, and increased its presence in the Saudi Arabian specialty chemicals distribution sector.
Saudi Arabia Feed Additives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Opportunities
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4.5 Porter's Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Acidifier
- 5.1.2 Amino Acids
- 5.1.3 Antibiotics
- 5.1.4 Antioxidants
- 5.1.5 Feed Binders
- 5.1.6 Enzymes
- 5.1.7 Flavors and Sweeteners
- 5.1.8 Minerals
- 5.1.9 Mycotoxin Detoxifiers
- 5.1.10 Pigments
- 5.1.11 Prebiotics
- 5.1.12 Probiotics
- 5.1.13 Vitamins
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5.2 Animal Type
- 5.2.1 Ruminant
- 5.2.2 Poultry
- 5.2.3 Other Animal Types
6. COMPETITIVE LANDSCAPE
- 6.1 Introduction
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Alltech Inc.
- 6.3.2 Cargill Inc.
- 6.3.3 Evonik Industries
- 6.3.4 Brenntag SE
- 6.3.5 Al-Watania Poultry
- 6.3.6 Saudi Mix
- 6.3.7 Arasco
- 6.3.8 United Feed Company
- 6.3.9 Al-Akhawain
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySaudi Arabia Feed Additives Industry Segmentation
Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products.
The Saudi Arabia feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, minerals, and other feed additives) and animal type (ruminants, swine, poultry, and other animal types). The report offers market estimation and forecasts in value (USD million) for all the above segments.
| Type | Acidifier |
| Amino Acids | |
| Antibiotics | |
| Antioxidants | |
| Feed Binders | |
| Enzymes | |
| Flavors and Sweeteners | |
| Minerals | |
| Mycotoxin Detoxifiers | |
| Pigments | |
| Prebiotics | |
| Probiotics | |
| Vitamins | |
| Animal Type | Ruminant |
| Poultry | |
| Other Animal Types |
Saudi Arabia Feed Additives Market Research FAQs
How big is the Saudi Arabia Feed Additives Market?
The Saudi Arabia Feed Additives Market size is expected to reach USD 345.92 million in 2024 and grow at a CAGR of 3.15% to reach USD 403.95 million by 2029.
What is the current Saudi Arabia Feed Additives Market size?
In 2024, the Saudi Arabia Feed Additives Market size is expected to reach USD 345.92 million.
Who are the key players in Saudi Arabia Feed Additives Market?
Alltech, Cargill, Arasco, United Feed Company- (AlRai) and Beneo are the major companies operating in the Saudi Arabia Feed Additives Market.
What years does this Saudi Arabia Feed Additives Market cover, and what was the market size in 2023?
In 2023, the Saudi Arabia Feed Additives Market size was estimated at USD 335.02 million. The report covers the Saudi Arabia Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Feed Additives Industry Report
Statistics for the 2024 Saudi Arabia Feed Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Feed Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
