The Middle East and Africa Feed Antioxidants Market poised to reach USD 45.7 Mn by 2023 with a CAGR of 6.4 % over six years forecast period 2017-2023
The Middle East and Africa Feed Antioxidants Market poised to reach USD 45.7 Mn by 2023 with a CAGR of 6.4 % over six years forecast period 2017-2023 owing to increased surge in the trend towards compounded feed. Precision Business Insights (PBI) in its report titled
The Middle East and Africa Feed Antioxidants Market:
Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023assesses the market performance over six years forecast period over 2017-2023. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The Middle East and Africa Feed Antioxidants market was valued at US$ 29.2 Mn in 2016 and projected to reach US$ 45.7 Mn by 2023 owing to growing production and consumption livestock products and increase in farming activities across the region, increase in per capita meat consumption, rapid increase in meat industry is expected to enhance the livestock production. Rising awareness of qualitative feed for the livestock anticipated to increase the market for feed antioxidants over the forecast period. The Middle East and Africa Feed Antioxidants market segmented on the basis of antioxidant type, feed type and geography
Growing animal feed production will drive the feed antioxidants market demand in the MEA region:
The growing production of animal feed such as oilcake, maize and fishmeal in South Africa expected to create the new avenues for antioxidants market players in the MEA region. The major geographies in the region are agrarian economics and has dearth of logistics infrastructure for transportation of various food and feed products, which will prompt the key stakeholders to adopt the effective strategies for feed preservation and there by creates the demand for feed antioxidants
Africa being an agrarian economy presenting lucrative growth opportunities for market players and Africa has been the fastest growing region in feed production among the other regions in the world:
The Middle East and Africa Feed Antioxidants market report analyses the market in different geographies such as Gulf Cooperation Council (GCC) Countries, Israel, South Africa, Rest of MEA. According to regional analysis, Asia Pacific accounted for larger revenue share through 2012-2016 and the same trend is projected to follow over 2017-2023. Asia-Pacific region projected to exhibit highest growth among all regions owing to growing animal rearing and livestock production.
Product Launches, M&A, Partnerships, and collaborations are the key strategies adopted by market players The Middle East and Africa Feed Antioxidants market further reveals that the key players increasingly adopting M&A, Partnerships, and collaborations strategies to improve economies of scale by increasing manufacturing capacities and gaining significant geographic presence across the regions. For instance, in 2011, Lanxess opened its operations in Dubai, to better serve the regional customers in MEA and tapping the demand for raw material supply
Key players profiles in the report are Kemin Industries, Inc. (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill Inc. (U.S.), Nutreco N.V. (Netherlands), Alltech Inc. (U.S.), Novus International (U.S.), Perstorp Holding AB (Sweden), Adisseo France S.A.S. (France), Oxiris, and Dupont Nutrition And Health (Danisco) (Denmark)
Detailed Segmentation By Antioxidant Type
By Feed Type
Geography