Market Size of Egypt Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.35 Billion |
| Market Size (2029) | USD 2.78 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Egypt Compound Feed Market Analysis
The Egypt Compound Feed Market size is estimated at USD 2.35 billion in 2024, and is expected to reach USD 2.78 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- The compound feed market is projected to experience brisk development due to a rise in animal-based food product consumption all over Egypt. Change in customer dietary habits toward the quality of dairy products and meat is expected to contribute to the growth of the compound feed market over the forecast period.
- In Egypt, the number of modern dairy and feed farms has increased considerably. As per USDA report in 2020, Dakahlia Poultry Co., one of Egypt's largest investors in the poultry sector, inaugurated a new feed mill with a capacity of 3.000 MT/ day of poultry feed and 400MT/ day of aquafeed. Egypt counts 180 poultry feed mills producing various types of feed formulations for the poultry industry; these supply over 95 percent of the domestic market's demand. The majority of the domestic meat consumed in the country is locally produced, making Egypt an attractive market for the supply and import of compound feed.
- Egypt is expected to rise ahead in manifold ways with respect to the agriculture and animal husbandry sectors. The government is currently emphasizing Egypt's Sustainable Development Strategy: Vision 2030, in which the livestock sector is anticipated to play a key role. Increasing the per capita animal protein consumption by 4g/day by the year 2030 is one of the main objectives of developing animal, poultry, and fisheries production. This has opened doors for a plethora of compound feed manufacturers in the region.
- The rising urbanization and increasing disposable incomes have directed the Egyptians toward the food habits of the Western world. This, in turn, has led to increasing demand for meat, meat products, and processed meat, thereby increasing the demand for compound feed in the country. Further, the changing raw material prices and stringent government policies and regulations related to domestic animal farming are presumed to have a negative impact on the compound feed industry in Egypt.
