Egypt Compound Feed Market Size (2024 - 2029)

Egypt Compound Feed Market Analysis

The Egypt Compound Feed Market size is estimated at USD 2.35 billion in 2024, and is expected to reach USD 2.78 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).

The compound feed market in Egypt plays a crucial role in the country's agricultural sector, contributing significantly to the livestock and poultry industries. This market encompasses the production and distribution of nutritionally balanced feed products formulated from various raw materials and comprised of nutritional elements such as carbohydrates, proteins, vitamins, and minerals designed to meet the specific dietary needs of different animal species.

In the country, animals like ruminants, poultry, and fish are an essential part of agricultural development that has grown remarkably in recent years, which has led to an increase in initiatives in this industry. For instance, in 2022, Nutreco, a Dutch producer of animal nutrition, fish feed, and processed meat products, was awarded a USD 4.8 million grant to build feed mills in remote African communities, including Egypt.

Large-scale livestock production helps meet the surging demand for livestock products. In addition, with rapid economic growth, the demand for poultry meat protein rose significantly in the country. The growing demand for meat protein triggered meat production and consumption, where the uptake of animal feed increased considerably and is anticipated to show a further increase. According to FAO (Food and Agriculture Organization), the production of chicken meat in Egypt increased from 2.40 million metric tons in 2021 to 2.52 million metric tons in 2022.

Furthermore, Egypt is likely to rise ahead in manifold ways concerning the agriculture and animal husbandry sectors. The government is currently emphasizing Egypt’s Sustainable Development Strategy: Vision 2030, in which the livestock sector is anticipated to play a key role. Increasing the per capita animal protein consumption by 4 g per day by 2030 is one of the main objectives of developing animals like poultry meat production. This has opened doors for a plethora of animal feed manufacturers in the country. Therefore, a surge in livestock meat production and increasing government support are likely to contribute to the growth of the compound feed market over the forecast period.

Egypt Compound Feed Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed. The Egyptian compound feed market is segmented by animal type, including ruminants, poultry, aquaculture, and other animal types, and ingredients, including cereal, cakes and meals, by-products, and supplements. The report offers market size and forecasts in volume (metric tons) and value (USD) for all the above segments.