The MEA animal feed market is expected to grow from US$ 23,502. 51 million in 2018 to US$ 30,740. 45 million by 2027; it is estimated to grow at a CAGR of 2. 9% from 2019 to 2027. Industrialization of animal farming has led to an increase in the demand for protein-rich animal feed ingredients.
New York, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Middle East and Africa Animal Feed Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form, and Livestock" - https://www.reportlinker.com/p05978866/?utm_source=GNW
Industrial livestock is chiefly fed concentrates made from cereal and vegetable protein, such as soybean meals, to assist them in gaining weight and producing protein-rich meat.
Proteins in animal feeds are an excellent source of energy, minerals (such as calcium and phosphorus), and essential amino acids (such as lysine and methionine).The growing awareness about the benefits of proteins on animal health has created substantial demand for protein feeds such as animal protein meals, feather meals, fish meals, bone meal, blood meal, and other protein meals and feeds.
As livestock and farm animals contribute significantly to the food supply chain, the demand for protein-rich nutritious animal feeds is expected to grow during the forecast period.The constantly burgeoning demand for protein-rich animal feeds—to promote healthy growth of livestock at all stages of life—drives the growth of the MEA animal feed market.
Furthermore, the surge in the production of industrial livestock is expected to positively influence the demand for animal feed.
Based on livestock, the poultry segment led the MEA animal feed market in 2018.The common ingredients used in poultry feed are whole maize, cottonseed cake, maize germ, soybeans, sunflower, or fish meal (omena).
Also, farmers add several feed additives, such as micronutrients, minerals, and vitamins, to ensure their chicken has a balanced feed to meet the daily nutrient requirements.
Saudi Arabia has the highest number of COVID-19 cases in the region followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of COVID-19.
The overall MEA animal feed market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the MEA animal feed market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the MEA animal feed market. A few players operating in the market are Archer Daniel Midland Co., Cargill Inc., Evonik Industries AG, New Hope Group Co. Ltd, Nutreco NV, and Perdue Farms Inc.
Read the full report: https://www.reportlinker.com/p05978866/?utm_source=GNW
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