, April 23, 2018 ) The Middle East and Africa Poultry Feed Market
was worth USD 560 million in 2016 and estimated to be growing at a CAGR of 4.878%, to reach USD 710 million by 2021. There has been an increase in the Poultry Feed Market in this region recently but the growth rate here is very low (lowest among all the geographical segments in this report). Poultry Feed is the food given to the farm animals mainly, chickens, turkeys or any other animals which give meat. The objective of poultry feed is to make the farm animals healthier so that they can provide better meat or other products, like eggs.
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For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with sufficient amount of vitamins, minerals and adequate amount of water. With the increase in demand of meat and eggs, market has also grown a lot. Africa being a poor demography and Middle East being a war zone, development of this region is very slow, hence the growth of each market is slow.
Despite having a poor condition in this region, development is slowly taking place in this region, hence the per capita income of people is slowly increasing, there has been a huge increase in demand of the animal protein, especially meat and eggs, hence triggering the increase in demand of poultry feed and additives. Also, the increasing population drives this market in this region. Middle East being a war zone and Africa having poor economic conditions, it is very difficult for any type of market to grow here. There has also been an increase in the poultry related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products which affects the poultry feed market.
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The Middle East and Africa market for Poultry Feed is broadly categorized into type of poultry product and feed additives needed for poultry feed. Based on type of poultry product, the market is further segmented into Broilers, Turkeys, Layers and others. On the basis of feed additives needed for poultry feed, market is further segmented into amino acids, feed enzymes, antioxidants, vitamins, antibiotics and feed acidifiers. Feed acidifiers attribute to the largest share among all other poultry additive segments, globally. The market has been geographically segmented into Middle East and Africa. Africa is growing at a faster rate, in this region, in comparison to Middle East
Some of the major companies dominating the market, by their products and services include Earlybird Farm (Africa), Parkside Poultry (Africa) and Country Choice Chicken (Africa).
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