The Middle East feed vitamins market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand to provide nutritional benefits in animal feeds.
Vitamin refers to supplements added in the animal feeds in limited amounts for the overall well-being, growth, and performance of the livestock. Deficiency of vitamins can be unfavorable to the health of the animals and may also lead to a wide range of diseases. Vitamin supplements are estimated necessary in animal feeds for all kinds of livestock, and this has propelled the animal feed vitamin market.
The Covid-19 pandemic had an adverse impact on the Middle East feed vitamins market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rising meat consumption and expansion of animal meat market are expected to drive the feed vitamins market during the forecast period
- Growing industrialization of the livestock industry is anticipated to surge the Middle East feed vitamins market.
- Increasing consciousness about the benefits of feed vitamins and the recent outbreak of various diseases is estimated to propel the market in coming years
- Changing demographics across the region is likely to boost the demand for feed vitamins and thereby, expand the market.
- R&D investment and technological advancement in Middle East feed vitamins market is expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on Middle East feed vitamins market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Middle East Feed Vitamins –Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type (Vitamin A, Vitamin B, Vitamin C, Vitamin E, and Others) and Animal Type ( ruminant, poultry, swine, aquaculture, and others)
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Regions
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Saudi Arabia, United Arab Emirates, Egypt, Turkey, Jordan and Rest of Middle East.
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Adisseo; BASF SE; DSM; Biomin; and ADM Animal Nutrition
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Market Segment insights
The vitamin E and B segment is projected to constitute a large market share
Based on type, the feed vitamins market is segregated into vitamin A, vitamin B, vitamin C, vitamin E and others. The vitamin E and B segment is expected to account for a key share of the market during the forecast period owing to their characteristics in providing maximum nutritional value in animal feeds. Furthermore, it is responsible for food intake, enhancing gut health, reproduction, and metabolic process.
The poultry segment is expected to register a substantial CAGR
Based on animal type, the market is divided into ruminant, poultry, swine, aquaculture, and others. The poultry segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to increasing demand of poultry meat supplemented by the consumption of processed poultry; Furthermore, the rising demand for processed meat and protein diet, owing the rise in household income levels, is anticipated to continue driving the demand for animal feed.
Saudi Arabia is expected to dominate the market
In terms of regions, the market is broadly classified into Saudi Arabia, United Arab Emirates, Egypt, Turkey, Jordan, and Rest of Middle East. The market in Saudi Arabia is anticipated to expand at a robust CAGR during the forecast period. Industrialization of the livestock industry, economic growth, rising awareness, and government regulations is expected to drive the market growth in near future.
Segments
Segments Covered in the Report
The Middle East feed vitamins market has been segmented on the basis of:-
Type
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin E
- Others
Animal Type
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
Regions
- Saudi Arabia
- United Arab Emirates
- Egypt, Turkey
- Jordan
- Rest of Middle East
Key Companies
- Adisseo
- BASF SE
- DSM
- Biomin
- ADM Animal Nutrition
Competitive Landscape
Key players competing in the feed vitamins market include Adisseo; BASF SE; DSM; Biomin; and ADM Animal Nutrition.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
