MarkNtel Advisors recently published a detailed industry analysis of the GCC Compound Feed Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
GCC Compound Feed Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The GCC Compound Feed Market is estimated to grow at a CAGR of around 7.18% during the forecast period, i.e., 2024-30.
Key Findings in GCC Compound Feed Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
Feed Additive Providers: Cargill Middle East DMCC, ADM Europe, Middle East & Africa, Evonik Middle East and Africa (MEA), BASF Middle East LLC, Adisseo Animal Nutrition DMCC, etc.
Compound Feed Providers: ARASCO Feed (WAFI), Trouw Nutrition Middle East and Africa Export, IFFCO Animal Nutrition, Kuwait Animal Feed Factory (KAFF), Oman Flour Mills S.A.O.G., and Omani National Livestock Development Co (S.A.O.C), others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the GCC Compound Feed industry?
Escalating Demand for High-quality Meat & Meat Products to Boost Market Growth – The surging middle-class population and changing dietary preferences have streamed the demand for meat products across the region. The burgeoning tourism in countries such as Saudi Arabia, the UAE, Qatar, etc., has further amplified the need for a diverse and high-quality food supply, including meat products. For Instance:
- In 2021, the per capita meat consumption in Saudi Arabia was about 3.91kg, which increased to around 4.0 in 2022.
Further, as the livestock sector expands to meet the growing appetite for meat products, there is a heightened requirement for nutritionally balanced & efficient feed solutions. Compound feed products provide various nutritional benefits & support the optimal growth, health, and productivity of livestock, creating immense demand in the region and augmenting the GCC Compound Feed Market growth.
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What segments define the GCC Compound Feed Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Animal Type
- Ruminants- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Poultry- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Aquaculture- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Equine- Market Size & Forecast 2019-2030F, (Thousand Tons)
According to report, The Poultry segment accounts for the potential share of the GCC Compound Feed Market and is poised to flourish during the anticipated period as well.
By Form
- Mash- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Pellets- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Crumbles- Market Size & Forecast 2019-2030F, (Thousand Tons)
According to report, Pellets captured a prominent share in the GCC Compound Feed Market owing to the convenience offered in storage, transportation, and handling, aligning with the region’s focus on efficient & modern farming practices.
By Distribution Channel
- Direct Sales- Market Size & Forecast 2019-2030F, (Thousand Tons)
- Dealers & Distributors- Market Size & Forecast 2019-2030F, (Thousand Tons)
Explore the Complete GCC Compound Feed Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-compound-feed-market.html
Geographical Analysis: GCC Compound Feed Market
By Country
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Bahrain
- Oman
GCC Compound Feed Market Recent Development:
- 2023: ARASCO, NEOM & Cargill signed an agreement for the sustainable expansion of the Saudi aquacultural sector and its aspiration to achieve self-sufficiency in aquaculture protein demand by 2030.
- 2022: Al Dhahra Holding has agreed with the compound feed manufacturer in the Middle East, ARASCO to supply up to 180,000 tons of WAFI animal feed to the Emirates.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the GCC Compound Feed Market?
- How is the GCC Compound Feed Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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