Market Trends of GCC Feeed Premix Industry
Vitamins Dominate the Feed Premix Market in the Region
Vitamins are among the key ingredients in feed premixes. Vitamins are active, organic compounds that are vital for the body substances and have a crucial impact with only small amounts in the feed to maintain physiological functions. A few vitamins play a role as co-enzymes in metabolic processes. Vitamin premix prevents and relieves all types of stress conditions effectively, thereby improving the production performance of the animal. It also helps to develop enhanced body resistance against infections. Under intensive growing conditions, poultry birds are especially susceptible to vitamin deficiencies, and hence, the increasing industrialization of poultry production is expected to drive the vitamin segment of the poultry feed premix market, which is a major segment of the whole feed premix market of the GGC countries. Vitamin premix is also a very important part of dairy cattle feed. Rising demands in this segment are also augmenting the vitamin feed premix market of the region.
Saudi Arabia has the Largest Market in the Region
Saudi Arabia had the highest total volume of meat production in 2020. According to FAO, the country produced 762.2 thousand metric ton of meat in the year and was followed by the United Arab Emirates, which produced 173.2 thousand metric ton of meat in the same year. Due to the higher production in Saudi Arabia, the demand for feed premixes is also the highest in this country among all the GCC countries. Saudi Arabia is expected to continue to take the lead in the total volume of meat produced during the forecast period. All GCC countries are expected to have a steady increase in meat production in the next five years. This presents a great opportunity to feed premix manufacturers and traders in the region.
