Market Trends of middle east feed additives Industry
Expanding poultry sector in the Middle East region with establishment of new farms with increasing per capita consumption of poultry has been increasing the demand for poultry production
- In the Middle East, the poultry industry is the largest segment in the agricultural sector, and it represented 90% of the animal headcount in the region in 2022. The industry experienced significant growth, with production increasing by 10.9% in 2022 compared to 2017. The rise in demand for meat and egg products in the region was the primary driver of this growth. The demand from tourism, business travel, and the hotels, restaurants, and institutional (HRI) sector also contributed to a 2.5% increase in poultry production in 2022 compared to the previous year. This increased production also led to a 2.9% rise in the value of feed additives used in poultry production.
- Middle Eastern countries are investing in their poultry sectors to expand production to meet the growing demand. For example, Saudi Arabia's Almarai company is investing USD 1.12 billion to establish a factory and new farms to increase poultry production. In 2022, the Saudi Arabian Ministry of Environment, Water, and Agriculture issued 275 poultry project licenses, including 119 for broiler projects, 26 for egg production with a capacity of more than two billion eggs per year, and 12 for breeding and producing broiler mothers and operating hatcheries with a capacity of 480.5 million chicks per year.
- The per capita consumption of poultry products in the region also increased, from 44.9 kg in 2017 to 45.5 kg in 2022, further driving the demand for increased production. As a result, factors such as increasing investment in the poultry industry and growing demand for poultry products are expected to continue to fuel the growth of poultry animal production during the forecast period.
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Government in the countries such as Saudi Arabia, Oman and the United Arab Emirates invested to establish large fish farms which will increase the demand for aqua feed in the region
- The Middle Eastern aquaculture industry has experienced significant growth over recent years, leading to a rise in demand for aquaculture feed. Between 2017 and 2022, demand for aquaculture feed increased by 25.1%. This growth was due to the expansion of the aquaculture industry in the region, which led to increased production of aquaculture species. In 2022, aquaculture feed production accounted for 2.1% of the total feed production in the region, totaling 0.5 million metric tons.
- Iran is the largest producer of aquaculture feed in the region, and it had a production of 0.28 million metric tons in 2022. This high production was attributed to the country's strong aquaculture production, which benefits from the availability of freshwater resources for cultivating different types of aquaculture species.
- Fish are the largest aquaculture species produced in the region, accounting for 78.6% of aquaculture feed production. Countries such as Saudi Arabia, Oman, and the United Arab Emirates have invested in aquaculture and partnered with international experts and organizations to establish productive local fish farms. For example, aquaculture organizations in the Gulf region are working with the UK Government's Centre for Environment Fisheries and Aquaculture Science (Cefas) through the UK Gulf Marine Environment Partnership (GMEP) Programme to improve fish farming and tackle biodiversity loss.
- Oman and the United Arab Emirates have the highest per capita consumption of aquaculture species in the region, with consumption reaching 28.6 kg per person per year. To reduce exports and increase domestic production, the Omani government aims to transform the fisheries and aquaculture sector from a subsidy sector to a significant contributor to the country's economy.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing mutton consumption and demand for dairy products with more than 1,000 sweets and chocolates manufacturing facilities are increasing the demand for ruminants production
- Growing popularity of poultry birds and Saudi Arabia government's investment for increasing poultry production is driving the production of poultry in the region
- African Swine Fever (ASF) affected the swine feed production but growing demand for pork in countries such as Cyprus and Israel is driving the demand for swine feed production
- The growth of tourism increased demand for pork from hotels and restaurants which is increasing the demand for swine production
- Increasing beef consumption and growing demand for dairy products consumption is driving the demand for feed production for ruminants
