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(MoneyNewsWire.Net, October 07, 2017 ) According to the report Middle East and Africa Compound Feed Market, published by Market Data Forecast the Market was worth USD 34.7 billion in 2016 and estimated to be growing at a CAGR of 1.51%, to reach USD 37.4 billion by 2021. Compound feed consists of food products manufactured especially for animals. The Compound Feed market is developing at a significant rate due to the increase in the livestock population.
Compound feed is a mixture of raw materials and supplements, sourced from either plants or animals, fed to the livestock orally. Most commonly used raw materials are soybean, corn, barley; wheat and sorghum. Most common additives to form compound feed are, minerals, amino acids, antibiotics and colorants. Compound feed has become an essential part of the globally increasing livestock industry and meat production industry. The end consumers of the compound feed are poultry, pig, ruminants, fish etc.
Browse market data tables and in-depth TOC of the Middle East and Africa Compound Feed Industry to 2021 @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa-compound-feed-market-364/
The growth of the Middle East and Africa Compound feed market is majorly driven by factors such as rise in meat consumption, increase in mass production of meat, and recent livestock disease outbreaks. Different regulatory structures, volatile economies, and increasing cost of operations are the major restraining factors for this regional market. And, an increase in the cost of raw materials is also a key challenge for the companies in the market.
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The Middle East and Africa Compound feed market is segmented based on Ingredients, Supplements and Animal type. The market for Compound feed, on the basis of Ingredients, is classified into Cereals, Cereals by-Product, Oilseed Meal, Oil, Molasses, Supplements and others. On the basis of Supplements, the Middle East and Africa Compound feed market is segmented into Vitamins, Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and others. On the basis of Animal category, the Middle East and Africa Compound feed market is segmented into Ruminant, Swine, Poultry, Aquaculture and others. Poultry, pork, and cattle are the largest consumers of compound feed in this region, accounting for the major share of the overall compound feed market.
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The Middle Eastern and African market is projected to be the fastest-growing market for Compound feed market. In terms of revenue, South Africa leads the market in this region. This region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat products and due to the rise in disposable incomes in developing economies.
Some of the major companies dominating this market in this region are Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ lakes, Inc., Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V., Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A., DeKalb Feeds, Inc., De Heus B.V, Ballance Agri-Nutrients Ltd., J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP.
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