Middle East Africa Feed Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 85.29 Million |
| Market Size (2029) | USD 104.07 Million |
| CAGR (2024 - 2029) | 4.06 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East Africa Feed Antioxidants Market Analysis
The Middle East Africa Feed Antioxidants Market size is estimated at USD 85.29 million in 2024, and is expected to reach USD 104.07 million by 2029, at a CAGR of 4.06% during the forecast period (2024-2029).
- As urbanization accelerates and disposable incomes rise, consumers in the region are increasingly incorporating protein into their diets. This dietary evolution has spurred a growing demand for poultry meat, meat products, and processed meats, all while contending with escalating feed costs. In response to the challenge of providing quality meat amidst surging input costs, livestock farmers and companies are increasingly adopting feed additives, with a particular focus on antioxidants.
- Heightened awareness regarding the negative impacts of antibiotics as growth promoters has catalyzed a significant pivot towards feed probiotics as credible alternatives. In the Middle East, the Saudi Arabian government is amplifying livestock production through measures like feed nutrient subsidies, resulting in a rapid surge in the poultry population. Data from the Food and Agriculture Organization (FAO) highlights this trajectory, noting an uptick in poultry numbers from 206 million in 2021 to 210 million in 2022. As livestock production expands, so does the demand for feed antioxidants, crucial for maintaining a balanced animal diet.
- Urbanization and rising disposable incomes are steering nations such as Egypt, Oman towards Western dietary inclinations. This shift has spurred a surge in demand for meat, meat products, and processed goods, further intensifying the country's need for antioxidants in compound feed.
Middle East Africa Feed Antioxidants Market Trends
Poultry Dominates Animal Type Segment
- Poultry farming stands as one of Africa's most prominent livestock segments. The Southern African Development Community (SADC) reports notable growth in broiler production across several countries over the past decade in Africa. The United States Department of Agriculture forecasts a 4% rise in chicken meat production in Angola and a 3% increase in South Africa, reaching 1.65 million metric tons in Marketing Year (MY) 2024, driven by a strengthening domestic sector. These upward trends in meat production are expected to boost feed consumption, positively influencing the market for feed antioxidants in the region.
- According to the Food and Agriculture Organization, Egypt boasts one of the largest chicken industries in Africa, producing over 300 million chickens annually. As production increases, there's a growing focus on nutrition, resulting in a rise in the use of antioxidant feed additives across Africa's poultry sector. In light of this, regional governments are implementing training programs centered on optimal poultry farm management and quality feed supply to enhance the sector's productivity. These efforts are subsequently driving the market's growth in the region. As production ramps up, there's a heightened emphasis on nutrition, leading to a surge in the use of antioxidant feed additives within Africa's poultry sector. In response, regional governments are rolling out training programs focused on optimal poultry farm management and quality feed supply, aiming to boost the sector's productivity. These initiatives are, in turn, fueling the market's expansion in the region.
- Private players are significantly investing in the Middle East to align with the government's sustainability goals, which are likely to boost the consumption of antioxidants in poultry feed. For instance, in May 2024, Al Ghurair Foods, a prominent food processing company from the UAE, commenced construction of its inaugural broiler farm in Abu Dhabi's Khalifa Economic Zones (KEZAD). This move enhances the company's poultry and livestock production capabilities. Set to begin operations in 2025, the 68-hectare (680,000 sqm) facility is being constructed under a Musataha agreement on a 720-hectare (7.2 sq km) plot, paving the way for future expansion.
South Africa is the Largest Market
- In South Africa, the animal feed industry caters to diverse segments, producing feed for poultry (both layer and broiler breeders), dairy, beef, sheep, and pigs. The local market has a reasonably adequate supply of raw materials for animal feed, leading to a significant contribution to the consumption of feed additives, particularly feed antioxidants.
- South Africa boasts a well-established and scientifically-driven animal feed industry. Efficient formulations have not only expanded the livestock sector but also surged the demand for antioxidants in animal feed. Currently, the industry is largely self-sufficient, with minimal imports of feed products or raw materials. Over the past three decades, driven by rising meat demand, animal production in South Africa has more than doubled. According to the United States Department of Agriculture (USDA), the poultry sector is the nation's largest agricultural industry, valued at nearly USD 3.5 billion, accounting for 14% of the total agricultural gross value. Following poultry, cattle production is valued at USD 2.7 billion, dairy at USD 1.4 billion, and egg production at USD 0.7 billion.
- Economic diversification and a rising domestic demand have propelled the growth of leading animal feed companies and the broader industry in South Africa. In intensive livestock production systems, the significance of compound feed is pronounced. This emphasis has spurred the rapid growth of compound feed manufacturing in South Africa, positively impacting the feed antioxidants market.
Middle East Africa Feed Antioxidants Industry Overview
The Middle East and Africa Feed Antioxidants Market is consolidated. Major players in the market accounted for half of the market. Some of the key players in the market are Layn Natural Ingredients Corp., Alltech Inc., Kemin Industries, Novus International, and Cargill Inc. These leading companies primarily leverage strategies such as new product launches, partnerships, and expandiing their presence to strengthen their foothold in the market.
Middle East Africa Feed Antioxidants Market Leaders
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Layn Natural Ingredients Corp.
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Novus International
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Cargill Inc
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Alltech Inc.
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Kemin Industries
*Disclaimer: Major Players sorted in no particular order
Middle East Africa Feed Antioxidants Market News
- October 2024: The Abu Dhabi Investment Office (ADIO), in partnership with the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) and the Department of Municipalities and Transport (DMT), is calling on businesses owned by Emirati citizens. These businesses, registered with the Abu Dhabi Department of Economic Development (ADDED), are invited to submit proposals. The proposals are for the design, construction, maintenance, and operation of animal feed markets. These markets will be established in 10 locations: Al Haffar, Al Rahba, Nahil, Rimah, Bu Kirayyah, Bu Samrah, Al Qou, Liwa, Ghayathi, and Al Marfa, spanning the regions of Abu Dhabi, Al Ain, and Al Dhafra.
- March 2024: Olam Agri, a prominent player in animal feed acquired Senegal-based Avisen SARL. This move is in line with Olam Agri's strategy to bolster and broaden its footprint in the animal feed sector. The acquisition enhances Olam Agri's feed and protein presence in West Africa, complementing its status as a top producer of animal feed and day-old chicks in Nigeria.
Middle East Africa Feed Antioxidants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & 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 Meat Products
4.2.2 Rising Dairy Production
4.2.3 Focus on Animal Nutrition and Health
4.3 Market Restraints
4.3.1 Shift Toward Vegan- Based Diet
4.3.2 Highly Volatile Raw Material Prices
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 BHA
5.1.2 BHT
5.1.3 Ethoxyquin
5.1.4 Other Types
5.2 Animal Type
5.2.1 Ruminants
5.2.2 Poultry
5.2.3 Swine
5.2.4 Aquaculture
5.2.5 Other Animal Types
5.3 Geography
5.3.1 Saudi Arabia
5.3.2 United Arab Emirates
5.3.3 South Africa
5.3.4 Egypt
5.3.5 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Nutreco NV
6.3.3 Kemin Industries
6.3.4 Alltech Inc
6.3.5 EW Nutrition
6.3.6 Impextraco NV
6.3.7 Solvay S.A.
6.3.8 Novus International
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Middle East Africa Feed Antioxidants Industry Segmentation
Feed antioxidants are substances used in animal feeds to increase the shelf life of feed by preventing undesirable oxidation in finished feeds and the guts of animals. They are known to keep the nutritional and energy value of the feed intact and also prevent rancid oxidation of fats. Middle East & Africa Feed Antioxidants Market is Segmented into Animal Type (Ruminant, Poultry, Swine, Aquaculture, and Other Animal Types), Type (BHA, BHT, Ethoxyquin, and Other Types), and Geography (Saudi Arabia, United Arab Emirates, Egypt and Rest of Middle East). The report offers market sizing and forecasts in terms of Value (USD) and Volume (Metric Tons).
| Type | |
| BHA | |
| BHT | |
| Ethoxyquin | |
| Other Types |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Egypt | |
| Rest of Middle East & Africa |
Middle East Africa Feed Antioxidants Market Research FAQs
How big is the Middle East Africa Feed Antioxidants Market?
The Middle East Africa Feed Antioxidants Market size is expected to reach USD 85.29 million in 2024 and grow at a CAGR of 4.06% to reach USD 104.07 million by 2029.
What is the current Middle East Africa Feed Antioxidants Market size?
In 2024, the Middle East Africa Feed Antioxidants Market size is expected to reach USD 85.29 million.
Who are the key players in Middle East Africa Feed Antioxidants Market?
Layn Natural Ingredients Corp., Novus International, Cargill Inc, Alltech Inc. and Kemin Industries are the major companies operating in the Middle East Africa Feed Antioxidants Market.
What years does this Middle East Africa Feed Antioxidants Market cover, and what was the market size in 2023?
In 2023, the Middle East Africa Feed Antioxidants Market size was estimated at USD 81.83 million. The report covers the Middle East Africa Feed Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Africa Feed Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East Africa Feed Antioxidants Industry Report
Statistics for the 2024 Middle East Africa Feed Antioxidants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Africa Feed Antioxidants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Middle East Africa Feed Antioxidants Market Report Snapshots
