MEA Feed Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Feed Antioxidants Market Analysis
The middle east feed antioxidants market is projected to grow at a CAGR of 4.8% during the forecast period(2020-2025). Economic growth, rising income levels, population growth along with rising health concern to meet the diet requirements have led to increased preference for animal-sourced protein which has resulted in the higher meat production. Feed antioxidants enable the poultry birds in maintaining redox balance and reduce oxidative stress to avoid deterioration in the quality of the eggs, problems with embryonic development, and loss of performance. Mass production of livestock and Increased awareness among the farmers about the benefits of antioxidants, is another factor augmenting the growth of the market. Some of the Players in the market are Layn Natural Ingredients Corp., Alltech Inc., Perstorp, Novus International, and Cargill Inc.
MEA Feed Antioxidants Market Trends
This section covers the major market trends shaping the MEA Feed Antioxidants Market according to our research experts:
Rising Preference Towards Animal Based Products
Rising income level need for meeting the nutritional requirements has led to higher protein consumption and rising preference is driving the meat market in the country. According to the Organization for economic co-operation and Development(OECD), in 2018 per capita poultry meat consumption was 33.7 Kg that increased to 34 Kg in 2019 in South Africa. To meet rising meat consumption, meat production in the country is also increasing. According to the Food and Agricultural Organization (FAO), in 2016, poultry meat production was 1684.9 thousand tons that reached 1761.7 thousand tons in 2018. Also, milk production increased from 3548.82 thousand tons to 3752.61 thousand tons during the same period. Additionally, as per ITC Trade, in 2018 UAE imported total meat valued at USD 1,705.9 million that has increased to USD 1,870.16 million in 2019. The increase in demand for quality products has made the livestock market to consume a higher quantity of antioxidants.
Expansion in Livestock Production
The South African compound feed market is recording steady growth, with the increase in production and demand for livestock products, a rise in the population, consumption levels, and urbanization being the main propellants. According to the Food and Agricultural Organization (FAO), in 2016, the population of poultry was 165.30 million that increased to 176.34 million in 2018 in South Africa. According to Alltech feed Survey, in 2019 South Africa produced feed amounting to 11.7 million metric tons in 74 feed mills of which poultry feed is the highest produced amounting to 4.76 million metric tons followed by feed for dairy animals with 2.24 million metric tons and beef feed with 2 million metric tons of production. The growing population of livestock leads to an increase in feed production during the study period driving the antioxidants market.
MEA Feed Antioxidants Industry Overview
The feed antioxidant market is consolidated. Major players in the market accounted for half of the market. The global presence of companies and lack of local companies have made the major players have a lion share in the market. Small players share less than half of the total feed antioxidant market. Some of the Players in the market are Layn Natural Ingredients Corp., Alltech Inc., Perstorp, Novus International, and Cargill Inc. In 2020, Layn Corp launches TruGro MAX, a natural additive for animal feed that provides potent antioxidant support.
MEA Feed Antioxidants Market Leaders
Layn Natural Ingredients Corp.
Perstorp
Novus International
Cargill Inc
Alltech Inc.
*Disclaimer: Major Players sorted in no particular order
MEA Feed Antioxidants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 BHA
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5.1.2 BHT
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5.1.3 Ethoxyquin
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5.1.4 Others
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Other Animal Types
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5.3 Geography
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5.3.1 Saudi Arabia
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5.3.2 United Arab Emirates
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5.3.3 South Africa
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5.3.4 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Perstorp
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6.3.3 DSM Nutritional Products AG
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6.3.4 Alltech
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6.3.5 Novus International
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6.3.6 Layn Natural Ingredients Corp.
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6.3.7 Cargill Inc
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6.3.8 Biomin
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
MEA Feed Antioxidants Industry Segmentation
Feed antioxidants are substances used in animal feeds to increase the shelf life of feed by preventing undesirable oxidation in finished feeds and the guts of animals. They are known to keep the nutritional and energy value of the feed intact and also prevent rancid oxidation of fats.
| Type | |
| BHA | |
| BHT | |
| Ethoxyquin | |
| Others |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle East & Africa |
MEA Feed Antioxidants Market Research FAQs
What is the current Middle East Africa Feed Antioxidants Market size?
The Middle East Africa Feed Antioxidants Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Middle East Africa Feed Antioxidants Market?
Layn Natural Ingredients Corp., Perstorp, Novus International, Cargill Inc and Alltech Inc. are the major companies operating in the Middle East Africa Feed Antioxidants Market.
What years does this Middle East Africa Feed Antioxidants Market cover?
The report covers the Middle East Africa Feed Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Africa Feed Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East Africa Feed Antioxidants Industry Report
Statistics for the 2024 Middle East Africa Feed Antioxidants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Africa Feed Antioxidants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
