Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing by
Infinium Global Research on the GCC poultry feed market provides in-depth analysis
of segments and sub-segments in the GCC as well as the regional GCC poultry feed
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the GCC and regional GCC poultry feed market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the GCC poultry feed market. According to the report,
the GCC poultry feed market is projected to grow at a healthy CAGR over the
forecast period of 2021-2027.
In the gulf cooperation council (GCC)
region, the feed industry is evolving rapidly. Feed is the biggest and most
important part of ensuring safe, abundant, and cost-effective animal proteins.
This growth is largely increased due to a rise in meat consumption, rising
disposable income, rise in mass production of meat, and new livestock disease
outbreaks. Cereals and Soybean form the backbone of the poultry feed industry.
The large meat-consuming population and presence of poultry and cattle meats in
the local cuisines have helped the market to drive in the region. Growing
government pressure to enhance domestic meat production has also helped the
growth of the poultry feed market in the region.
Rising concerns over the standard
and safety of meat products are making compound feed a robust choice for
livestock, as compared to traditional fodder. The growing cost of feed
ingredients is due to improved feed utilization. Feed is the largest and most
significant component of making sure safe, abundant, and affordable animal
proteins. This growth is essentially fuelled by the increase in meat
consumption, increasing income, increase in production of meat, and up-to-date
livestock disease outbreaks. Biotechnology research and development are the
foremost feasible type to improve the feed nutrient content. There's a big
usage of biotechnology in animal production, especially for animal nutrition.
The advancement of biotechnology has permitted the utilization of non-toxic
fungi, to enhance fibrous feeds, therefore, a large type of feed additives are
known to switch rumen fermentation. They include components that help to
minimize methanogens, enhance carboxylic acid production, reduce protein
degradation, improve microbial protein synthesis and inhibit protozoa. The key
restraint recognized is the increasing cost of raw materials, which is leading
to increased imports.
On the basis of region, Saudi
Arabia holds the largest market share in the GCC last mile market. The country
is developing in terms of advanced biotechnology and is the number one market
in the GCC in terms of growth and size. Advanced biotechnology in the region
has allowed the use of non-toxic fungi to improve the quality and protein
content of straw and other poor-quality roughages. Increased street food
culture, changing food habits, and increased financial stability of the middle
class have also shaped the meat industry, this is driving the growth of the
poultry feed market in the region. The recent outbreak of avian influenza in
Saudi Arabia and the hygiene concerns about poultry products had reduced
poultry consumption in Saudi Arabia.
The report on the GCC poultry feed
market covers segments such as animal type and additives. On the basis of
animal type, the sub-markets include layers, broilers, and turkeys. On the
basis of additives, the sub-markets include antibiotics, vitamins, amino acid,
feed enzymes, and feed acidifiers.
The report provides profiles of
the companies in the market such as Al Ghurair Foods, Arasco feed, Fujairah
Feed Factory, FEEDCO, Fakieh Feed Factory, Omani National Livestock Development
Co. S.a.o.c, Liwa United Trading Animal Feed shop, Sohar Poultry Company
(S.A.O.C), Delmon Poultry Company, and Dubai Feed Factory.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of the GCC poultry feed market. Moreover, the study highlights current market
trends and provides forecast from 2021-2027. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.