Middle East Feed Probiotics Market - Growth, Trends and Forecasts (2020 - 2025)
The Middle East Feed Probiotics Market is projected to grow at a CAGR of 6.8% during the forecast period (20202025). Probiotics are widely used in farm livestock, companion animals, and in aquaculture, as they are principally associated with reducing clinical disease and increasing growth rates. Inconsistent regulatory standards and lack of awareness was the major barrier for the growth of this market in the region. The market is expected to gain momentum with the increasing trade activity in the region. The regional feed probiotics market is segmented on the basis of product type and animal type. Lactobacilli forms the majority of market share in feed probiotics accounting for more than 40% of the market share. By animal type, ruminants and poultry are the two major consuming segments of probiotics in the region.
Key Market Trends
Growing Demand for Meat
Meat is highly demanded across the middle east countries and forms a part of their staple diet. Animal feeding plays a leading role in the middle eastern feed industry and feed is the largest and most important component to ensure the sustainable production of safe and affordable animal proteins for the generation of healthy meat. This will in turn drive the feed probiotics market to promote healthy growth in the animals. The main meat producers in the Middle East are Egypt, Turkey, and Jordan among other countries. A feed is the major cost factor for the livestock farmers. The number of poultry animals intaking feed probiotics grew in the region from 23,444 per thousand heads to 24,097 per thousand heads in 2018. Also, the cattle meat increased from 987,482 metric tons in 2017 to 1,003,859 metric tons in 2018 owing to the increased demand for meat in the region. The more use of feed probiotics has led to an improvement in growth, reduction in mortality, and improvement in feed conversion efficiency. of the animals. Thus, the middleeastern farmers will demand feed vitamins in order to produce better meat quality for the consumers in the middle east.
Saudi Arabia Dominates the Market
Saudi Arabia dominates this market followed by Turkey, the United Arab Emirates, and other middle eastern countries. The livestock feeding in the Middle Eastern region is highly dependent on agricultural products like maize, sorghum, soybean meal, groundnut meal, and rice bran. However, with rising livestock and animal health standards and the subsequent largescale adoption of compound feed, several probiotics are also included in livestock diets across the region. As the standardization of meat consumers in the importing country is increasing day by day, stocks with a higher level of antibiotics are getting rejected. Hence, farmers in the region are asked to use natural ingredients as feed supplements. During this scenario, probiotics played a crucial role.
The middle east feed probiotics market is highly fragmented with many players in the market. Major companies active in the Middle Eastern Feed Probiotics industry are DSM, Dupont, Biomin, Chr. Hansen Holding A/S, Lallemand Inc, etc. The leading companies focus on the expansion of the business across the region. The companies are also increasing production capacities of their existing plants.
Reasons to Purchase this report:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook