The GCC feed premixes market size is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to growing awareness about animal health, changing food habits, and rapidly changing demographic structure of the country.
The feed premixes are an equivalent combination of one and more micro-elements such as minerals, amino acids, and vitamins. Premixes are used to assist uniform distribution of micro-elements in a major mix. The developers provide premixes to ensure a regular equivalent supply of nutrients to the animals to increase productivity and enhance quality of feeds.
The covid-19 pandemic affected the demand and supply of the GCC feed premixes market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing consumption of meat in the region is projected to boost the market.
- Increasing demand for chemical free products is the major factor fueling the market.
- High cost of feed premixes products is projected to restrict the market expansion during the forecast period.
- Government’s ban on the use of certain antibiotics is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in feed premixes market is projected to offer lucrative opportunities for the market players.
Scope of GCC Feed Premixes Market Report
The report on the GCC feed premixes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
GCC Feed Premixes Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast
Ingredient Types [Vitamins, Minerals, Antibiotics, Antioxidants, Amino Acids, and Other Ingredient Types], Animal Types [Poultry Feed, Ruminant Feed, and Other Animal Feed], End-users [Livestock, Integrators, Farmers, Aquaculture Industry, Home-mixers, and Compound Feed Manufacturers]
GCC [Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Oman, and Rest of GCC]
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report
AL Ghurair Foods, Fujairah Feed Factory, AASCO, IFFCO, Throuw Nutrition [Nutreco], Al-Sayer Group, Al Alkawain, Saudi Mix, and Arab Company For Livestock Development [ACOLID]
GCC Feed Premixes Market Segment Insights
The vitamins segment accounts for a key share of the market
Based on ingredient types, the GCC feed premixes market is segregated into vitamins, minerals, antibiotics, antioxidants, amino acids, and other ingredient types. The vitamins segment accounts for a key share of the market. Growth of the market is attributed to rising awareness about side effect of feed additives on animal health and increasing income level of customers.
However, the amino acids segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives and rise in consumption of meat.
The poultry feed segment accounts for a key share of the market
On the basis of animal types, the GCC feed premixes market is segmented into poultry feed, ruminant feed, and other animal feeds. The poultry feed segment accounts for a key share of the market. Growth of the market is attributed to increasing supply of quality products and increased demand for high-value animal protein. The ruminant feed segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increased industrial livestock production and rising demand for vitamins.
The compound feed manufacturers segment accounts for a significant share of the market
Based on end-users, the GCC feed premixes market is divided into livestock, integrators, farmers, aquaculture industry, home-mixers, and compound feed manufacturers. The compound feed manufactures segment accounts for a key share of the market.
Growth of the market is attributed to rising government initiatives in production of domestic meat and increasing number of aquatic and poultry farms. However, the livestock segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives and increasing number of organizations in the animal feed industry.
The market in Saudi Arabia is anticipated to hold a key market share
On the basis of regions, the GCC feed premixes market is categorized as Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Oman, and Rest of GCC. The market of Oman is estimated to expand at a high CAGR during the forecast period due to rapid economic growth in region and rising awareness about the quality of meat consumed. The market of Saudi Arabia is estimated to hold a key market share due to increasing population, technological advancement in feed practices, and growing awareness about animal health.
The GCC feed premixes market has been segmented on the basis of
- Amino Acids
- Other Ingredient Types
- Poultry Feed
- Ruminant Feed
- Other Animal Feeds
- Aquaculture Industry
- Compound Feed Manufacturers
- Saudi Arabia
- United Arab Emirates
- Rest of GCC
- AL Ghurair Foods
- Fujairah Feed Factory
- Throuw Nutrition [Nutreco]
- Al-Sayer Group
- Al Alkawain
- Saudi Mix
- Arab Company For Livestock Development [ACOLID]
Key players competing in the GCC feed premixes market include AL Ghurair Foods, Fujairah Feed Factory, AASCO, IFFCO, Throuw Nutrition [Nutreco], Al-Sayer Group, Al Alkawain, Saudi Mix, and Arab Company For Livestock Development [ACOLID]
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.