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

In Egypt, the number of modern dairy and feed farms has increased considerably. The majority of the domestic meat consumed in the country is locally produced, making Egypt an attractive market for the supply and import of feed additives. The Egyptian government is pursuing increased domestic beef production by growing the domestic heard size and increasing live cattle imports. According to the United States Department of Agriculture (USDA), Policies limiting the slaughter of cattle under 400kg and bulls less than two years of age are helping to drive domestic production. The government is also controlling some input costs for specific feed products, further incentivizing production. The rising urbanization and increasing disposable incomes have directed the Egyptians toward the food habits of the Western world. This, in turn, has led to increasing demand for meat, meat products, and processed meat, and the rising cost of feed. Farmers, facing pressure to produce quality meat without having to absorb the increasing cost of inputs, have turned toward the usage of feed additives in animal diets. Increased meat consumption and a rise in health concerns in livestock have made the market consume a higher quantity of feed binders. The techniques involved in binding the feed to make pellets increase the cost of processing, thereby restraining the growth of feed binders market. Leading companies are looking for innovations in the field by venturing into R&D for better production and management techniques.