GCC Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.67 Billion |
| Market Size (2029) | USD 4.97 Billion |
| CAGR (2024 - 2029) | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
GCC Feed Premix Market Analysis
The GCC Feeed Premix Market size is estimated at USD 3.67 billion in 2024, and is expected to reach USD 4.97 billion by 2029, at a CAGR of 6.20% during the forecast period (2024-2029).
The increasing consumption of animal-based products, particularly poultry, dairy, and seafood, is driving the demand for high-quality feed, subsequently boosting the need for feed premixes in the region. Governments in the Gulf Cooperation Council (GCC) are actively promoting local production of animal-based food products through supportive policies and subsidies. According to the USDA Poultry and Products Annual 2024 report, domestic poultry production in the United Arab Emirates accounts for 15% of chicken meat consumption, with the remaining 85% imported, primarily from Brazil. In response, the UAE's National Food Security Strategy 2051 aims to develop a comprehensive national system to enable sustainable local food production through modern technology, further stimulating feed premix demand in the region.
The growing aquaculture sector in the region is a significant driver of the feed premix market. The Ministry of Environment, Water, and Agriculture reports that fish production in saltwater and inland waters reached 140,000 metric tons in 2023, representing a 56.4% increase from 2021 production volumes. As part of Saudi Vision 2030, the ministry has implemented strategic plans aimed at increasing annual per capita fish consumption to 13 kilograms. This production increase, coupled with government support, is propelling the growth of the feed premix market in the region.
GCC Feed Premix Market Trends
Growing Aquaculture and Poultry Sector in the Region
Increasing investments in fish production to meet domestic consumption demands and reduce import dependence are driving the market growth. Companies in the aquaculture sector are collaborating with local governments to boost domestic fish production. In 2024, a joint venture between NEOM, an urban development project in north-western Saudi Arabia, and Tabuk Fisheries Company, supported by the Ministry of Environment, Water and Agriculture (MEWA), announced plans for a hatchery. Set to be completed by the end of 2024, the facility will have a capacity of 42 million fingerlings and marine pens, with projected finfish production reaching 20,000 metric tons annually. This expansion in fingerling and finfish production is expected to increase the demand for feed premix in the region.
Simultaneously, the poultry sector is experiencing a surge in investments, further contributing to the growing demand for feed premix. In 2024, Oman-based Osool Poultry Company partnered with genetics company Aviagen (Ross) and invested OMR 10 million (USD 26 million) to produce fertilized eggs, day-old chicks, and other poultry products. This development is anticipated to increase the need for feed premix to support the nutrition of chicks and hens in the region, complementing the growth observed in the aquaculture sector and collectively driving the feed premix market forward.
Saudi Arabia has the Largest Market in the Region
Meat consumption is high across all GCC countries, leading to a year-on-year increase in meat production to meet consumer demand. In 2021, Saudi Arabia recorded the highest total meat production in the region. According to the Food and Agriculture Organization, in 2022, Saudi Arabia slaughtered 195,498 cattle, followed by Oman with 122,712 cattle, and the United Arab Emirates with 78,406 cattle. These factors are driving market growth in Saudi Arabia and contributing to its regional dominance. Additionally, feed premix demand in Saudi Arabia surpasses that of other GCC countries, primarily due to its larger livestock population.
The Livestock Statistics Publication 2023 for the Kingdom of Saudi Arabia, published by The General Authority for Statistics (GASTAT), reports that the country has 29.4 million sheep, 22 million goats, and 2.2 million camels. In comparison, the UAE has 13.4 million goats, 12.4 million sheep, and 3.4 million camels, as reported by UAESTAT. To address the high demand for feed premixes, the government is implementing new projects and research technologies to meet customer requirements in Saudi Arabia and other GCC countries. These initiatives aim to support the growing livestock industry and maintain the region's position in meat production.
GCC Feed Premix Industry Overview
The GCC feed premix market is fragmented, featuring a limited number of international companies alongside numerous local players. Key market participants include Arasco, Trouw Nutrition, ADM, IFFCO, and Adisseo. These firms focus their expansion efforts on major Gulf countries, employing strategies such as investing in new production facilities or acquiring established local businesses.
GCC Feed Premix Market Leaders
-
Arasco
-
IFFCO
-
Adisseo
-
ADM
-
Trouw Nutrition
*Disclaimer: Major Players sorted in no particular order
GCC Feed Premix Market News
- February 2023: ARASCO, NEOM, and Cargill signed an agreement to support Saudi Arabia's sustainable aquaculture growth, aiming for self-sufficiency in aquaculture protein by 2030 while prioritizing environmental responsibility.
- November 2022: Calysseo, a joint venture between Calysta and Adisseo, announced plans to construct a new facility in Saudi Arabia in collaboration with Food Caravan, a development company specializing in protein and animal feed production. The company produces sustainable protein ingredients approved for use in livestock feed and pet food. The planned Saudi Arabian facility will have a production capacity five times larger than Calysseo's existing facility in China.
GCC Feeed Premix Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for High-value Animal Protein
4.2.2 Growing Aquaculture and Poultry Sector
4.2.3 Supportive Government Initiations
4.3 Market Restraints
4.3.1 Rise in the Cost of Feed Ingredients
4.3.2 Lack of Awareness Among Livestock Farmers
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredient Type
5.1.1 Antibiotics
5.1.2 Vitamins
5.1.3 Antioxidants
5.1.4 Amino Acids
5.1.5 Minerals
5.1.6 Other Ingredient Types
5.2 Animal Type
5.2.1 Ruminant Feed
5.2.2 Poultry Feed
5.2.3 Other Animal Feed
5.3 Geography
5.3.1 United Arab Emirates
5.3.2 Saudi Arabia
5.3.3 Oman
5.3.4 Kuwait
5.3.5 Bahrain
5.3.6 Rest of GCC
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Arasco
6.3.2 Trouw Nutrition
6.3.3 Fujairah Feed Factory
6.3.4 IFFCO
6.3.5 Adisseo
6.3.6 Al-Sayer Group
6.3.7 Saudi Mix
6.3.8 Al Ghurair
6.3.9 Rech Chemical Co. Ltd
6.3.10 ADM Animal Nutrition
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
GCC Feed Premix Industry Segmentation
A feed premix is a specialized blend of essential nutrients, including vitamins, minerals, amino acids, and other additives, designed to enhance livestock feed. The GCC Feed Premix Market is segmented by Ingredient Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredients) and Animal Type (Ruminant Feed, Poultry Feed, and Other Animal Feed). The market is further categorized by Geography (United Arab Emirates, Saudi Arabia, Oman, Kuwait, Bahrain, and the Rest of GCC). This report provides market size and forecasts in both volume (Metric Tons) and value (USD) for all segments.
| Ingredient Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredient Types |
| Animal Type | |
| Ruminant Feed | |
| Poultry Feed | |
| Other Animal Feed |
| Geography | |
| United Arab Emirates | |
| Saudi Arabia | |
| Oman | |
| Kuwait | |
| Bahrain | |
| Rest of GCC |
GCC Feeed Premix Market Research Faqs
How big is the GCC Feeed Premix Market?
The GCC Feeed Premix Market size is expected to reach USD 3.67 billion in 2024 and grow at a CAGR of 6.20% to reach USD 4.97 billion by 2029.
What is the current GCC Feeed Premix Market size?
In 2024, the GCC Feeed Premix Market size is expected to reach USD 3.67 billion.
Who are the key players in GCC Feeed Premix Market?
Arasco, IFFCO, Adisseo, ADM and Trouw Nutrition are the major companies operating in the GCC Feeed Premix Market.
What years does this GCC Feeed Premix Market cover, and what was the market size in 2023?
In 2023, the GCC Feeed Premix Market size was estimated at USD 3.44 billion. The report covers the GCC Feeed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC Feeed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Feeed Premix Industry Report
Statistics for the 2024 GCC Feed Premixes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Feed Premixes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
GCC Feeed Premix Market Report Snapshots
