Surging Awareness Regarding Meat Quality Propels the Growth of the MEA Animal Feed Market

This research report provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Animal Feed providers across the countries.
 
DELTA, British Columbia - July 5, 2021 - PRLog -- According to MarkNtel Advisors' research report, "Middle East & Africa Animal Feed Market Analysis, 2021," the market is likely to grow at a CAGR of 3.4% during 2021-26, primarily due to the mounting consumption of meat products, rising focus on meat quality, and increasing safety concerns associated with livestock diseases. Furthermore, the increasing industrialization of animal products and the soaring demand for animal-based products are other crucial factors likely to augment the demand for animal feed. However, burgeoning prices of raw materials like maize, wheat, barley, etc., are amongst the biggest challenges that could hamper the overall market growth in the forecast period.

Key questions answered in the study
1.    What are the current and future trends in the Middle East & Africa Animal Feed market?
2.    How has the industry been evolving in terms of geography and services adoption?
3.    How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for the Middle East & Africa Animal Feed market?

Impact of COVID-19
Due to the sudden outbreak of the COVID-19 pandemic, the Middle East & Africa Market has witnessed a decline in its growth rate due to the lockdowns imposed in various countries and cross-border trade restrictions leading to supply chain disruption. Moreover, social distancing measures and travel restrictions imposed by the governments across several regions further limited the overall production capacity of animal feed. However, as the government restrictions are likely to relax, the market shall steadily increase in the coming years.

Organic Acids Exhibits Fastest Growth
Based on Nutrition, the market bifurcates into Vitamins, Carotenoids, Enzymes, Organic Acid, Clay, Glycinates, CLA, and 1,2-Propandiol. Of these, Enzymes are likely to grow at a considerable rate during the forecast period. An organic acid in animal feed helps gain weight and reduces the colonization of pathogens in the intestine. Further, it enhances the feed conversion ratio. Therefore, the Organic Acids segment is likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, "Middle East & Africa Animal Feed Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the Middle East & Africa Animal Feed Market are Archer Daniel Midland Co., Cargill Inc., Evonik Industries AG, New Hope Group Co. Ltd, Nutreco NV, Perdue Farms Inc, DSM Nutritional Products, Du Pont, BASF, and Novozymes.

Click to Get the sample copy of the market research here: https://www.marknteladvisors.com/query/request-sample/middle-east-africa-animal-feed-market.html

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Industry:Food
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