Saudi Arabia Feed Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Saudi Arabia Feed Additives Market is segmented by Type into Acidifiers, Amino Acids, Antibiotics, Antioxidants, Feed Binders, Enzymes, Flavors and Sweeteners, Mycotoxin Detoxifiers, Pigments, Prebiotics, Probiotics, and Minerals, and by Animal Type into Ruminants, Poultry, and Others.

Saudi Arabia Feed Additives Market Size

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.37 %
Market Concentration High

Major Players

Saudi Arabia Feed Additives Market

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Feed Additives Market Analysis

The Saudi Arabian feed additives market was valued at USD 189.8 million in 2018 and is projected to reach USD 283.7 million by 2024, registering a CAGR of 8.37 % for the forecast period of 2019-2024.

The demand for animal health products is growing in the country, as more animals are affected by some disease or the other. The poultry section of Saudi Arabia is one of the largest sections in the country. For curing diseases in poultry, owners are using betaine in animal feed, which is saving feed costs by replacing choline chloride and methionine as the methyl donor in poultry diets.

Saudi Arabia Feed Additives Market Trends

This section covers the major market trends shaping the Saudi Arabia Feed Additives Market according to our research experts:

The Amino Acids Segment Leads the Feed Additives Market in Saudi Arabia

Of the thirteen different types of feed additives, amino acids account for 22% of the market in Saudi Arabia. Amino acids in animal feed play an indispensable role in improving the efficiency of animal protein production and contribute to the increased protein supply.

As there is a high demand for cows and dairy products, the performance of cows has become a major concern. The latest technology in amino acids is helping to maintain a balanced dairy diet, with the right amount of limiting amino acids (which cannot be synthesized by dairy cows and should be fed externally), lower crude protein, and reduced amino acid market price.

Key Market Trends 1

Rising Production of Poultry in Saudi Arabia Driving the Feed Additives Market

Saudi Arabia is the largest poultry meat producer in the GCC countries, with a production of around 1,970 metric tons, which is approximately 54.89% of the total GCC poultry meat production.

Poultry meat is the most popular meat within GCC consumers at all levels of ages and incomes. One of the reasons is that poultry meat is cheaper than beef and lamb. Saudi consumers prefer white-appearing poultry meat as the meat is believed to be of high-quality, which offers an authentic taste when cooked and is thus, good for health.

Key Market Trends 2

Saudi Arabia Feed Additives Industry Overview

The animal feed additives market is moderately concentrated, with various regional players accounting for more than 40% of the market share. The leading players in the market are focused on business expansion. The primary strategies are business expansions, eitherbyinvesting in a new production unit or acquiring established small players in the country. Investments in R&D activities to introduce new, efficient products is another strategy adopted by manufacturers to stay ahead of the competition in the country.

Saudi Arabia Feed Additives Market Leaders

  1. Alltech

  2. Cargill

  3. Arasco

  4. United Feed Company- (AlRai)

  5. Beneo

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Feed Additives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Opportunities

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Acidifier

      2. 5.1.2 Amino Acids

      3. 5.1.3 Antibiotics

      4. 5.1.4 Antioxidants

      5. 5.1.5 Feed Binders

      6. 5.1.6 Enzymes

      7. 5.1.7 Flavors and Sweeteners

      8. 5.1.8 Minerals

      9. 5.1.9 Mycotoxin Detoxifiers

      10. 5.1.10 Pigments

      11. 5.1.11 Prebiotics

      12. 5.1.12 Probiotics

      13. 5.1.13 Vitamins

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Other Animal Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Introduction

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Alltech Inc.

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Evonik Industries

      4. 6.3.4 Beneo Gmbh

      5. 6.3.5 Al-Watania Poultry

      6. 6.3.6 Saudi Mix

      7. 6.3.7 Arasco

      8. 6.3.8 United Feed Company

      9. 6.3.9 Al-Akhawain

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Saudi Arabia Feed Additives Industry Segmentation

Feed additives are defined in the report as products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials.

Type
Acidifier
Amino Acids
Antibiotics
Antioxidants
Feed Binders
Enzymes
Flavors and Sweeteners
Minerals
Mycotoxin Detoxifiers
Pigments
Prebiotics
Probiotics
Vitamins
Animal Type
Ruminant
Poultry
Other Animal Types
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Saudi Arabia Feed Additives Market Research FAQs

The Saudi Arabia Feed Additives Market is projected to register a CAGR of 8.37% during the forecast period (2024-2029)

Alltech, Cargill, Arasco, United Feed Company- (AlRai) and Beneo are the major companies operating in the Saudi Arabia Feed Additives Market.

The report covers the Saudi Arabia Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Saudi Arabia Feed Additives Industry Report

Statistics for the 2024 Saudi Arabia Feed Additives market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Saudi Arabia Feed Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Saudi Arabia Feed Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)