Middle East & Africa animal feed additive market stood at $ 630 million in 2017 and is projected to reach $ 730 million by 2023. Growth in the market is expected to be driven by increasing awareness among consumers regarding the meat quality, growing consumption of poultry as a source of protein, use of additives for disease prevention and improving feed utilization. Moreover, rapid urbanization, increasing preference for processed food and shift towards animal husbandry are some of the other key factors expected to drive the market during forecast period.
Years Considered for this Report
Historical Years2013 – 2016
Base Year2017
Estimated Year2018
Forecast Period2019 – 2023
Objective of the Study
- The
primary objective of the study is to evaluate and forecast the size of Middle
East & Africa animal feed additive market.
- To
categorize the market on the basis of type, livestock and region.
- To
understand major policies and regulations which can positively or
negatively impact the Middle East & Africa animal feed additive
market.
- To
identify major drivers, challenges and trends in the Middle East &
Africa animal feed additive market.
- To
identify and profile major companies operating in the Middle East &
Africa animal feed additive market.
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Some of the major players operating in Middle East & Africa animal feed additive market are DSM Nutritional Products, Evonik Africa (Pty) Ltd, Du Pont de Nemours Nigeria Limited, Adisseo France S.A.S, BASF Holdings South Africa (Pty) Ltd, Cargill Middle East, Lonza AG, ADM Europe BV, Novozymes S.A. (Pty) Ltd., and Chr Hansen Middle East & Africa FZ LLC, among others.
To extract data for Middle East & Africa animal feed additive market, primary research surveys were conducted with animal feed additive manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also enquired about their competitors. Through this technique, was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, analyzed various end user segments and projected a positive outlook for the Middle East & Africa animal feed additive market over the coming years.
calculated the Middle East & Africa animal feed additive market size using a bottom-up approach, wherein manufacturers’ value sales data for different types was recorded and forecast for the future years. sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by .
Key Target Audience
- Animal feed additive manufacturers, suppliers,
distributors and other stakeholders
- Major end users of animal feed additives
- Organizations, forums and alliances related to
animal feed additive market
- Government bodies such as regulating
authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as animal feed additive manufacturers, customers and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.