Saudi Arabia Feed Additives Market Size (2024 - 2029)

Saudi Arabia Feed Additives Market Analysis

The Saudi Arabia Feed Additives Market size is estimated at USD 345.92 million in 2024, and is expected to reach USD 466.61 million by 2029, at a CAGR of 6.17% during the forecast period (2024-2029).

Saudi Arabia is one of the wealthiest countries in the globe. According to the World Bank data, in 2023, the country’s GDP soared to USD 1,110 billion, as compared to 734.2 billion in 2020. This growth cements positioning as the 15th largest economy in the world and the dominant economy in the Middle East. As urbanization rises and disposable incomes swell, Saudi consumers increasingly prioritize protein in their diets. This shift has spurred a heightened demand for animal meat, meat products, and processed meats. Concurrently, with feed costs on the rise, farmers are under pressure. Many have turned to incorporating feed additives into animal diets to maintain meat quality without shouldering escalating input costs.

The rising concerns over livestock meat quality and ensuring the safety of meat products after the outbreak of different diseases have compelled producers across the chain to focus on the quality of feed for animals. Animals are constantly stressed out, which weakens their immune systems and makes them more susceptible to illnesses. Livestock and meat producer participants are using probiotics due to increased awareness, rising demand for animal nutrition, and the widespread prohibition of antibiotics. These factors are anticipated to propel the market for feed additives in Saudi Arabia.

Industrial-scale livestock production makes optimum use of high-quality feed to improve efficiency in the production process, improve feed conversion ratios, and enhance animal muscle mass and protein content. With the adoption of industrial-scale livestock production by a larger number of farmers, feed additives' production needs to improve to cater to this large production base of high-quality compound feed. According to the Saudi Ministry of Environment, Water and Agriculture (MEWA), in 2021, poultry meat production in Saudi Arabia was 930,221.9 metric tons with that total jumping to 1,130,095.6 metric tons in 2022. This is anticipated to boost the feed additives market in Saudi Arabia during the forecast period. Thus, the increasing poultry production is driving the feed additives market growth.

With animal protein becoming a staple in Saudi Arabia's diet, leading industry players are increasingly developing enzyme, photogenic, and amino acid-based animal feeds. These innovations aim to meet farmers' rising demand for high-quality feeds that enhance animal weight, production, and immunity. With the increase in investments in commercial animal production, the Saudi Arabian feed additives market is poised for significant growth during the forecast period. According to the Food and Agriculture Organizaion, among all animal types, poultry birds held the largest share of the feed additive market by value in Saudi Arabia, accounting for 52.8% in 2022. This is attributed to the increasing demand for poultry meat and higher feed production. Ruminants are the second-largest animal type in the country, accounting for 44.6% of the total market by value in 2022. The poultry section of Saudi Arabia is one of the largest sections in the country. For curing diseases in poultry, owners are using betaine in animal feed, which saves feed costs by replacing choline chloride and methionine as the methyl donor in poultry diets.

Saudi Arabia Feed Additives Industry Segmentation

Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products. The Saudi Arabia feed additives market is segmented by Additive Type ( Acidifiers, Amino acids, Antibiotics, antioxidants, Feed Binders, Enzymes, Flavors and Sweeteners, Minerals, Mycotoxin Detoxifiers, Pigments, Prebiotics, Probiotics, and Vitamins) and Animal Type (Ruminants, Poultry, Aquaculture and Other Animal Types). The report offers market estimation and forecasts in Value (USD) and Volume (Metric Tons) for all the above segments.