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Middle East Africa Feed Antioxidants Market Size (2024 - 2029)

The Middle East and Africa feed antioxidants market is experiencing growth driven by economic expansion, rising income levels, and population growth, which have increased the demand for animal-sourced protein and, consequently, meat production. The use of feed antioxidants is crucial for maintaining the redox balance in poultry, reducing oxidative stress, and preventing issues such as egg quality deterioration and embryonic development problems. Additionally, the mass production of livestock and heightened awareness among farmers about the benefits of antioxidants are further contributing to the market's expansion.

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Market Size of Middle East Africa Feed Antioxidants Industry

Middle East Africa Feed Antioxidants Market Summary
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

Middle East Africa Feed Antioxidants Market 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 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
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Middle East Africa Feed Antioxidants Market Size Summary

The Middle East and Africa feed antioxidants market is experiencing growth driven by economic development, increasing income levels, and a rising population, which have collectively heightened the demand for animal-sourced protein. This surge in demand has led to increased meat production, necessitating the use of feed antioxidants to maintain the health and productivity of livestock. These antioxidants play a crucial role in supporting the redox balance in poultry, helping to mitigate oxidative stress and ensuring the quality of eggs, embryonic development, and overall performance. The market is further bolstered by heightened awareness among farmers regarding the benefits of antioxidants, alongside the mass production of livestock. Key players in this market include Layn Natural Ingredients Corp., Alltech Inc., Perstorp, Novus International, and Cargill Inc., who dominate the market due to their global presence and lack of local competition.

The South African compound feed market is witnessing steady growth, fueled by increased production and demand for livestock products, alongside rising population and urbanization. This growth is reflected in the substantial production of poultry feed, which is the highest among other types of feed, such as dairy and beef. The expanding livestock population has driven up feed production, thereby propelling the demand for feed antioxidants. The market is characterized by consolidation, with major players holding a significant share due to their global reach and the limited presence of local companies. This has resulted in a competitive landscape where small players hold less than half of the market share. The introduction of innovative products, such as Layn Corp's TruGro MAX, further underscores the dynamic nature of the market, offering potent antioxidant support for animal feed.

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Middle East Africa Feed Antioxidants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand for Meat Products

      2. 1.2.2 Rising Dairy Production

      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 Highly Volatile Raw Material Prices

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 BHA

      2. 2.1.2 BHT

      3. 2.1.3 Ethoxyquin

      4. 2.1.4 Other Types

    2. 2.2 Animal Type

      1. 2.2.1 Ruminants

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Other Animal Types

    3. 2.3 Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 United Arab Emirates

      3. 2.3.3 South Africa

      4. 2.3.4 Egypt

      5. 2.3.5 Rest of Middle East & Africa

Middle East Africa Feed Antioxidants Market Size FAQs

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.

In 2024, the Middle East Africa Feed Antioxidants Market size is expected to reach USD 85.29 million.

Middle East Africa Feed Antioxidants Market Report Snapshots

Middle East & Africa Feed Antioxidants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)