Middle East & Africa Animal Feed Additive Market Analysis, Opportunities, Growth, Trends, Share, Size and Forecast
Middle East & Africa Animal Feed Additive Market is forecast to surpass $730 million by 2023. Click to read more in brief.
Industrialization of livestock production, growing preference for protein-rich diets, and increasing per capita consumption of meat to boost demand for animal feed additives in the Middle East & Africa through 2023. According to TechSci Research report, “Middle East& Africa Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, the Middle East & Africa animal feed additive market is forecast to surpass $730 million by 2023, on the back of growing livestock production to meet increasing consumption of animal meat in the region.
Important Factors of Middle East & Africa Animal Feed Additive Market
As consumers are becoming more health conscious, demand for protein-rich and high-quality food is growing, which in turn is driving manufacturers to use animal feed additives to provide high-quality products. Moreover, the adoption of novel technologies for the production of animal feed additives is likely to have a positive impact on the Middle East & Africa animal feed additive market.
Browse 16 market data Figures spread through 54 Pages and an in-depth TOC on the "Middle East & Africa Animal Feed Additive Market".
On the basis of livestock, the market has been segmented into poultry, swine, cattle, and aquaculture, among others. Of these categories, poultry dominated the market in 2017 and the trend is anticipated to continue in the coming years as well, on account of the huge consumption of chicken across the MEA region. Iran is the largest market for animal feed additives in the Middle East & Africa, mainly due to higher livestock production compared to other countries.
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“As consumer awareness regarding the danger of diseases in livestock is growing, more and more manufacturers are boosting the use of animal feed additives to improve the overall health of animals and birds. Thus, growing focus on the dietary needs of animals is expected to complement the growth of the animal feed additive market in MEA in the ensuing years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Middle East & Africa Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the animal feed additive market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Middle East & Africa animal feed additive market.
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