Market Overview
The Saudi Arabian feed additives market was valued at USD 189.8 million in 2018 and is projected to reach USD 283.7 million by 2024, registering a CAGR of 8.37 % for the forecast period of 2019-2024.
The demand for animal health products is growing in the country, as more animals are affected by some disease or the other. The poultry section of Saudi Arabia is one of the largest sections in the country. For curing diseases in poultry, owners are using betaine in animal feed, which is saving feed costs by replacing choline chloride and methionine as the methyl donor in poultry diets.
Scope of the Report
Feed additives are defined in the report as products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials.
Key Market Trends
The Amino Acids Segment Leads the Feed Additives Market in Saudi Arabia
Of the thirteen different types of feed additives, amino acids account for 22% of the market in Saudi Arabia. Amino acids in animal feed play an indispensable role in improving the efficiency of animal protein production and contribute to the increased protein supply.
As there is a high demand for cows and dairy products, the performance of cows has become a major concern. The latest technology in amino acids is helping to maintain a balanced dairy diet, with the right amount of limiting amino acids (which cannot be synthesized by dairy cows and should be fed externally), lower crude protein, and reduced amino acid market price.
Rising Production of Poultry in Saudi Arabia Driving the Feed Additives Market
Saudi Arabia is the largest poultry meat producer in the GCC countries, with a production of around 1,970 metric tons, which is approximately 54.89% of the total GCC poultry meat production.
Poultry meat is the most popular meat within GCC consumers at all levels of ages and incomes. One of the reasons is that poultry meat is cheaper than beef and lamb. Saudi consumers prefer white-appearing poultry meat as the meat is believed to be of high-quality, which offers an authentic taste when cooked and is thus, good for health.
Competitive Landscape
The animal feed additives market is moderately concentrated, with various regional players accounting for more than 40% of the market share. The leading players in the market are focused on business expansion. The primary strategies are business expansions, either by investing in a new production unit or acquiring established small players in the country. Investments in R&D activities to introduce new, efficient products is another strategy adopted by manufacturers to stay ahead of the competition in the country.
This product will be delivered within 2 business days.
The Saudi Arabian feed additives market was valued at USD 189.8 million in 2018 and is projected to reach USD 283.7 million by 2024, registering a CAGR of 8.37 % for the forecast period of 2019-2024.
The demand for animal health products is growing in the country, as more animals are affected by some disease or the other. The poultry section of Saudi Arabia is one of the largest sections in the country. For curing diseases in poultry, owners are using betaine in animal feed, which is saving feed costs by replacing choline chloride and methionine as the methyl donor in poultry diets.
Scope of the Report
Feed additives are defined in the report as products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials.
Key Market Trends
The Amino Acids Segment Leads the Feed Additives Market in Saudi Arabia
Of the thirteen different types of feed additives, amino acids account for 22% of the market in Saudi Arabia. Amino acids in animal feed play an indispensable role in improving the efficiency of animal protein production and contribute to the increased protein supply.
As there is a high demand for cows and dairy products, the performance of cows has become a major concern. The latest technology in amino acids is helping to maintain a balanced dairy diet, with the right amount of limiting amino acids (which cannot be synthesized by dairy cows and should be fed externally), lower crude protein, and reduced amino acid market price.
Rising Production of Poultry in Saudi Arabia Driving the Feed Additives Market
Saudi Arabia is the largest poultry meat producer in the GCC countries, with a production of around 1,970 metric tons, which is approximately 54.89% of the total GCC poultry meat production.
Poultry meat is the most popular meat within GCC consumers at all levels of ages and incomes. One of the reasons is that poultry meat is cheaper than beef and lamb. Saudi consumers prefer white-appearing poultry meat as the meat is believed to be of high-quality, which offers an authentic taste when cooked and is thus, good for health.
Competitive Landscape
The animal feed additives market is moderately concentrated, with various regional players accounting for more than 40% of the market share. The leading players in the market are focused on business expansion. The primary strategies are business expansions, either by investing in a new production unit or acquiring established small players in the country. Investments in R&D activities to introduce new, efficient products is another strategy adopted by manufacturers to stay ahead of the competition in the country.
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alltech Inc.
- Cargill Inc.
- Evonik Industries
- Beneo Gmbh
- Al-Watania Poultry
- Saudi Mix
- Arasco
- United Feed Company
- Al-Akhawain
Methodology
LOADING...
