Market Size of Middle East Feed Minerals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.50 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Middle East Feed Minerals Market Analysis
The Middle East Feed Minerals Market is projected to attain a CAGR of 4.5% during the forecast period of 2020-2025. Mineral Feed is generally a mixed feed that comprises of minerals for the nutrition of livestock enriched with vitamins, flavoring agents, and medicated ingredients. Mineral feeds involve liquid mineral feed which contains vitamins and mineral elements. These minerals help in maintaining the well-being of livestock and improve the growth of animals. The necessary elements which are not present in the body of animals are added to the feed to maintain the health of animals. The effect of disease outbreaks of livestock health has increased the importance of minerals in the feed of animals. Owing to this, there is widespread awareness about good quality meat products, which is thus likely to accelerate the usage of feed minerals in the compound feed industry in the years to come.