Saudi Arabia Feed Additives Market is expected to grow at significant CAGR during the forecast period due to the rising demand for animal products such as dairy and dairy-based products, meats, and eggs.

Introduction of the Saudi Arabia Feed Additives Market Report

Feed additives consist of vitamins, amino acids, fatty acids, pharmaceuticals, medical, fungal products, and steroidal compounds, which are essential for livestock. Feed additive is an additional extra nutrient for the purpose of improving the quality of food of the animals to enhance growth, digestibility, and other productive function. Such feed additives are beneficial to production, such as meat quality, improving egg quality, wool production, and coat quality.

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Market Dynamic

Key Drivers and Emerging Trends

The factor for the growth of Saudi Arabia feed additives market is the rising demand for animal products such as dairy and dairy-based products, meats, and eggs. The increasing awareness about the role of protein and health consciousness has boosted the market for animal-based protein in the form of eggs or milk and will significantly raise the demand for feed additives. Moreover, the rise in meat consumption has increased concerns over meat quality, and safety-related to the eruption of animal diseases. Feed additives are an essential part of animal nutrition to improve food quality and animal health, which may further support the growth of the Feed Additives market.

Additionally, the feed additives market has been driven by livestock products aimed at improving livestock product yield. New capital-intensive technologies have made industrial-style production of poultry and meat possible. Contracting imports of feed additives, increasing livestock population and construction of several livestock farms will further drive the market for Saudi Arabia feed additives market.

Restraint in the Saudi Arabia Feed Additives Market

However, increase in the price of raw materials such as feed acids, antioxidants, and vitamins extracted from the seed, barks, and plant leaves is a major challenge faced by feed manufacturers. Rigid regulations for waste biomaterials and wastewater treatment associated with the rising cost of extraction can further restrict the growth of the feed additives market.

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Type – Segment Analysis

Based on the type, amino acid is expected to witness higher growth in the coming years in the Saudi Arabia feed additives market during the forecast period. The awareness regarding the prevalence of diseases has supported the demand for feed additives. Amino acids are responsible for a protein-building block in animal health and enhancing gut health, food intake, reproduction, and metabolism. For instance, in a chicken feed, amino acids improve feed efficiency, hatchability, and egg production. The amino acid also improves meat quality with high protein content and low-fat content.

Livestock – Segment Analysis

Based on the livestock, poultry segment is projected to be the fastest growing market share over the Saudi Arabia feed additives market forecast period. Being a Muslim-based country, meat consumption is more in the region. According to the Saudi Ministry of Environment, Water, and Agriculture, poultry production in Saudi Arabia for 2021 is 910,000 metric tons. Feed costs comprise about 70 percent of poultry production costs. The Saudi government provides several types of production support, such as monthly production-based direct financial subsidies to poultry producers and interest-free loans to reduce production costs.

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Key Developments:

• • In 2021, Cobb and Al-Watania poultry set to double production by bringing more quality protein to the middle east. This will increase the production by 100% from the previous year. It will significantly increase food security in Saudi Arabia and the surrounding Gulf Cooperation Council (GCC) member countries.

Segments covered in the Report:

The Saudi Arabia feed additives market has been segmented on Type, Livestock, and Form. Based on Type, the market is segmented into Amino Acid, Antioxidants, Acidifiers, Enzymes, Vitamins, Minerals and Others. Based on Livestock, market is segmented into Swine, Ruminants, Poultry, Aquatic Animals. Based on Form, market is segmented into Dry and Liquid.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Feed Additives market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Feed Additives market? What will be the impact of drivers and restraints in the future?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various livestock of Saudi Arabia Feed Additives market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Livestock, and By Form
Regional Coverage	Saudi Arabia
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Saudi Arabia Feed Additives Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Feed Additives Market by Type

• • Amino Acid
  • Antioxidants
  • Acidifiers
  • Enzymes
  • Vitamins
  • Minerals
  • Others

Saudi Arabia Feed Additives Market by Livestock

• • Swine
  • Ruminants
  • Poultry
  • Aquatic Animals

Saudi Arabia Feed Additives Market by Form

• • Dry
  • Liquid
  • Others