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Compound Feed Market Size (2024 - 2029)

The GCC compound feed market is projected to experience significant growth, driven by the increasing demand for meat and aquaculture products, alongside heightened awareness of quality meat and milk products. The expansion of livestock production further contributes to this growth, with notable developments in countries like Qatar and Saudi Arabia. In Saudi Arabia, the market is particularly dynamic due to rising consumption of meat and a growing health consciousness among consumers. The introduction of specialized products, such as camel feed in the UAE, also reflects the market's responsiveness to regional nutritional needs.

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Market Size of Compound Feed Industry

GCC Compound Feed Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 6.85 Billion
Market Size (2029) USD 7.81 Billion
CAGR (2024 - 2029) 7.00 %
Market Concentration High

Major Players

Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Market Overview

The Compound Feed Market size is estimated at USD 6.85 billion in 2024, and is expected to reach USD 7.81 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).

The growing demand for meat and aquaculture products is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and increased livestock production are two other factors augmenting the growth of the market studied. For instance, the livestock sector in Qatar saw robust growth in 2021, recording over 1.5 million registered heads of livestock, which is greatly increasing local production of meat and dairy.

Saudi Arabia is one of the fastest-developing animal compound feed markets in the GCC region. Growing consumption of raw and processed meat, along with emerging health consciousness among consumers drive the requirement for a compound feed market in the country. As per the USDA, in 2021, the consumption of beef and veal meat was 194 (1,000MT CWE) increase, compared to 183 (10,000MT CWE) in 2020.

Significant companies like IFFCO, Arasco, Agthia, Trouw Nutrition (Nutreco), and Al Ghurair Foods Llc are some leading players in the global compound feed market. In the recent year, Agthia launched four new camel feed (including compound feed) products on the sidelines of the Global Forum for Innovations in Agriculture in Abu Dhabi. The new products have been designed specifically to meet the nutrition and health needs of camels in the UAE and the region. Hence, the GCC compound feed industry is anticipated to witness substantial growth during the forecast period.

Scope of the Report

Compound feed is a combination of different concentrate feed ingredients in suitable ratios. Frequently used ingredients in compound feed include brans, protein meals/cakes, grains, agro-industrial by-products, minerals, and vitamins. The GCC compound feed market is segmented by animal type into ruminants, poultry, swine, aquaculture, and others, by ingredients into cereal, cakes & meals, by-products, and supplements. The supplement segment is further segmented into vitamins, amino acids, enzymes, acidifiers, probiotics and prebiotics, and other supplements and by geography into United Arab Emirates, Saudi Arabia, Oman, Bahrain, Kuwait, and Qatar. The report offers the market sizes in value (USD) for all the above segments.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Geography
United Arab Emirates
Saudi Arabia
Oman
Bahrain
Kuwait
Rest of GCC Countries
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Compound Feed Market Size Summary

The GCC compound feed market is poised for significant growth, driven by the increasing demand for meat and aquaculture products. This demand is fueled by heightened awareness of quality meat and milk products, alongside a surge in livestock production across the region. Countries like Saudi Arabia are witnessing rapid development in their animal compound feed sectors, spurred by rising consumption of both raw and processed meat and a growing health consciousness among consumers. The market is characterized by the presence of major players such as IFFCO, Arasco, Agthia, Trouw Nutrition (Nutreco), and Al Ghurair Foods Llc, who are actively expanding their product lines and geographical reach to cater to the burgeoning demand. The introduction of specialized products, such as camel feed by Agthia, underscores the industry's commitment to meeting regional nutritional needs.

The increasing preference for poultry, particularly chicken meat, is reshaping the compound feed market dynamics in the GCC, with affordability and health perceptions driving its popularity over red meat. The demand for poultry products, including eggs, is on the rise due to their protein-rich content and the expansion of food processing and service sectors. This trend is further supported by the growing disposable income and health awareness among consumers, which is boosting the use of compound feed to enhance animal productivity. In Saudi Arabia, the focus on quality control and the amendment of animal feed funding programs are pivotal in supporting market growth. The consolidation of the market with established players expanding their production capacities and geographical presence indicates a robust growth trajectory for the GCC compound feed industry during the forecast period.

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Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increased Demand for Meat

      2. 1.2.2 Initiatives By the Key Players

      3. 1.2.3 Focus on Animal nutrition and Health

    3. 1.3 Market Restraints

      1. 1.3.1 Shift Toward Vegan- Based Diet

      2. 1.3.2 Changing Raw Material Prices and Strict Government Rules to Restrict Market Growth

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of 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 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

    3. 2.3 Geography

      1. 2.3.1 United Arab Emirates

      2. 2.3.2 Saudi Arabia

      3. 2.3.3 Oman

      4. 2.3.4 Bahrain

      5. 2.3.5 Kuwait

      6. 2.3.6 Rest of GCC Countries

Compound Feed Market Size FAQs

The Compound Feed Market size is expected to reach USD 6.85 billion in 2024 and grow at a CAGR of 7% to reach USD 7.81 billion by 2029.

In 2024, the Compound Feed Market size is expected to reach USD 6.85 billion.

Compound Feed Market Report Snapshots

GCC Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)