Middle East & Africa Feed Electrolytes Market - Growth, Trends, and Forecast (2018 - 2023)
The feed electrolytes market in Middle East & Africa is driven by high quality meat from meat processing industry and anticipated to witness a CAGR of 3.78% during the forecast period 2018 -2023. South Africa covered major share in the market with increased focus on innovative cost effective production process.
South Africa Covers a Major Share in the Market
The major countries in this region are South Africa, Egypt, Libya, Nigeria etc. The market is largely untapped and unorganized. The rising awareness among the farmers about the benefits of minerals in feeds makes this region a potential market for key players. The South African livestock industry is developed and produces meat of high quality. The feed industry provides high quality inputs to the farmers to produce animal proteins at cheaper price. The growing middle class population with increased income has led to increased demand for meat and meat products.
Macrominerals are very important nutrients in dairy rations and producers will continue to focus on optimizing production, health, and efficiency of their dairy herds. Accuracy in ration formulation, accuracy in feed preparation, and feeding management will play critical roles in controlling macromineral excretion on dairies.
Ruminant feed is the major segment accounting for the feed electrolytes market. The poultry feed segment accounts for the next highest percentage of the market; however increasing imports of poultry meat is affecting the market. In animals, deficiency of Magnesium may lead to reduction of Potassium retention thus, leading to Potassium deficiency. These electrolytes content are interdependent and hence proper nutrition supply is required to these animals for better performance.
Supplying Low Price Feed Electrolyte will be the Main Strategy for Key Players
A restraint for the growth of this market is the regulatory structure of the animal feeds industry, which restricts the use of certain minerals and chemical products. With the growing population and corresponding rise in the food shortage, the industry is facing severe pressure in procuring raw feed, such as maize, wheat, barley, etc. The rising cost of extraction of minerals from sources coupled with stringent regulations had a limiting effect on the feed electrolytes market. With slow economic recovery, demand for maize and wheat in different industries, such as biofuel production, human food, and animal feed is going to increase. That makes the availability of these products less for animal feed production.
The key players in the market are focused on manufacturing feed at lower prices and technological innovations in production process. To reduce the imports of feed electrolytes, the governments in MEA is taking initiative to only import both raw materials required for feed production and feed. The demand-supply gap in the market for feed electrolytes market is expected to grow in the presence of required raw materials.
Major Players: ARCHER DANIELS MIDLAND CO. (US.), CARGILL INC., ROYAL DSM (NETHERLANDS), BASF SE (GERMANY), DUPONT (US.), ARCHER DANIELS MIDLAND CO. (US.), AND INGREDION INC., amongst others.
Key Developments of the Market:
July 2017: Perstrop has launched an online feed dietary electrolyte balance calculator and the potential performance benefit arising out of maintaining optimum dietary electrolyte balance
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Analysis on the country that will have the largest share in the market
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