Market Size of GCC Feeed Premix Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.67 Billion |
| Market Size (2029) | USD 4.97 Billion |
| CAGR (2024 - 2029) | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Feed Premix Market Analysis
The GCC Feeed Premix Market size is estimated at USD 3.67 billion in 2024, and is expected to reach USD 4.97 billion by 2029, growing at a CAGR of 6.20% during the forecast period (2024-2029).
The COVID-19 pandemic has impacted the entire animal feed industry. Due to lockdowns, the closure of international ports caused supply chain disruption and limited product commerce. Supply chain interruptions are a major threat to the feed premixes industry. The shutdown of factories and ports was reported in many areas due to the supply shortage. Feed premix is a uniform mixture of one or more micro-ingredients such as vitamins, minerals, and amino acids with diluent and/or carrier. Premixes are used to facilitate the uniform dispersion of micro-ingredients in a larger mix. The manufacturers supply premixes to assure a regular uniform supply of nutrients to the animals, enhancing the quality of feed and productivity of the animals. The end consumers of feed premix are compound feed manufacturers, integrators, farmers, home-mixers, livestock, and the aquaculture industry. The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market in the Gulf countries.
