The GCC compound feed market size is projected expand at a CAGR of 7% during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for meat and aquaculture products.
Compound feed is a combination of raw materials and supplements fed to livestock that are derived from plant, animal, or inorganic substances. It may contain additives. While soybeans, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most commonly blended additives in compound feed.
Compound feed aids in the protection of the entire livestock and aquaculture production on the basis of quality and food supply. The primary goal of compound feed is to provide adequate and sufficient nutrients to livestock and domestic animals in order to improve their health.
The report on the global compound feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | GCC Compound Feed Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2021 |
Historic Data | 2019–2020 |
Forecast Period | 2021–2028 |
Segmentation | Ingredients (Cereals, Cakes & Meals, By-products, and Supplements), Livestock (Ruminants, Swine, Poultry, and Aquaculture) |
Regional Scope | UAE, Saudi Arabia, Oman, Bahrain, Kuwait, and Rest of GCC Countries |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Cargill, Incorporated, ADM, Charoen Pokphand Foods PCL., Land O’Lakes Inc, Alltech., Feedone Co. |
Based on ingredients, the market is segregated into cereals, cakes & meals, by-products, and supplements. The cereals segment is anticipated to account for a large market share during the forecast period. Cereal grains are high in starch and contain 8-12% crude protein with low lysine and methionine, 2-5% percent fat, less than 0.15% calcium, and 0.3-0.5% phosphorus. Maize, barley, oats, wheat, rice, and other cereals are commonly used in feed.
On the basis of livestock, the GCC compound feed market is segregated into ruminants, swine, poultry, and aquaculture. The poultry segment accounted for a significant market share in 2020, in terms of revenue. One of the preferable meats in the region is chicken. According to the US Department of Agriculture (USDA), the US’ share of poultry exports to Saudi Arabia has decreased from 10% in 2017 to 9.1% in 2018, primarily due to Saudi Food & Drug Authority (SFDA) stringent regulations, which require a Food Safety & Inspection Service (FSIS) issued health certificate attesting that the poultry had been fed vegetable protein and were free of growth hormones.
The increase in imported chicken prices has made locally produced chicken more competitive, which has benefited the various stakeholders in the value chain in Saudi Arabia, including poultry producers, wholesalers, and retailers. This, in turn, has increased the opportunity for local growers to increase their market share.
In terms of regions, the market is segregated into UAE, Saudi Arabia, Oman, Bahrain, Kuwait, and Rest of GCC Countries. The market in Saudi Arabia is expected to expand at a high CAGR during the forecast period. Stringent government regulations have encouraged local and emerging players to increase their market share in the country. On the other hand, the UAE is anticipated to account for a considerable market share in the coming years.
The compound feed market is segmented on the basis of
Types
Livestock
Geography
Key Players
The major players in the compound feed market include Cargill, Incorporated, ADM, Charoen Pokphand Foods PCL., Land O’Lakes Inc, Alltech., Feedone Co.
Companies are engaging in mergers, acquisitions and partnerships to expand their market share. Leading companies are focused on acquiring feed mills and small manufacturing businesses in order to expand their operations in both domestic and international markets.
Some of the players have expanded their geographical presence by acquiring or merging with foreign manufacturers. The major companies are focusing on regional expansion and the establishment of a new plant to increase production.
The compound feed market is segmented on the basis of
Types
Livestock
Geography
Key Players
The major players in the compound feed market include Cargill, Incorporated, ADM, Charoen Pokphand Foods PCL., Land O’Lakes Inc, Alltech., Feedone Co.
Companies are engaging in mergers, acquisitions and partnerships to expand their market share. Leading companies are focused on acquiring feed mills and small manufacturing businesses in order to expand their operations in both domestic and international markets.
Some of the players have expanded their geographical presence by acquiring or merging with foreign manufacturers. The major companies are focusing on regional expansion and the establishment of a new plant to increase production.
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