Market Size of Saudi Arabia Feed Additives Industry
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*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.