Middle East and Africa Specialty Feed Additives Market 2021: Industry Overview, Trends, Growth and Forecast 2027

Precision Business Insights published a research report on “Middle East and Africa Specialty Feed Additives Market : By Product Type (Binders, Minerals, Vitamins, Flavours and Sweeteners, Antioxidants, Acidifiers, enzymes, carbohydrates, Others), By Form ( Powders, Liquid, Pellets) By Animal Type (Poultry, Aquatic, Canine, Equine, Swine, Ovine, Bovine) and Geography - Global/Region/Country Forecast to 2027".

Specialty feed additives are often used as a supplement for agricultural animals. Their main purpose is to compensate for the nutrients that farm animals do not get from their usual diet in order to improve immunity and general health. Vitamins and minerals, fatty acids, and amino acids are some of the more prevalent specialty feed additions. One of the main distinctions between conventional feed additives and specialty feed additives is that the latter not only meets nutritional needs, but is also sanitary, simple to digest, and beneficial to the animal's digestive health.

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The current high rate of disease infliction among ordinary farm animals is the key cause ascribed to the booming expansion of the worldwide specialty feed additives market. Due to the fact that commercial success is directly tied to the general health of the animals, it is becoming increasingly vital for persons and corporations in charge of these animals to guarantee that they are free of diseases, hazardous germs, and parasites. However, the worldwide specialty feed additives industry is now constrained by a general lack of understanding among smaller farms throughout the world, particularly in emerging nations where agriculture and livestock make up the majority of the economy. Another factor limiting the worldwide specialty feed additives market's growth is the higher raw material and manufacturing costs compared to conventional feedstock. Manufacturing advancements and the use of superior raw materials may be able to overcome this problem in the future years.

The Middle East and Africa Specialty feed additives market is categorized on the basis of type which is further divided into livestock, feed, form, and function. Based on type of feed, the specialty feed additives market is divided into antioxidants, vitamins, flavors and sweeteners, binders, minerals, acidifiers and others. In terms of livestock, the specialty feed additives market is categorized into poultry, aquatic animals, ruminants, swine, and others. In terms of type of feed, the specialty feed additives market is segregated into dry feed, liquid feed, and others. Based on function, the specialty feed additives market is classified into mycotoxin management, palatability enhancement, ingredient preservation digestive performance enhancement and others.

The market is profitable, and consumption has increased significantly in recent years. The growth of the dairy and poultry industries is also a key driver of the feed additives market. Due to water restrictions, the Middle East's focus has switched to animal husbandry, and water-intensive agricultural production, especially animal feed, is being phased out, opening new opportunities for foreign competitors. As a result, the Middle East has emerged as a formidable user of feed additives. The Asia-Pacific specialty feed additives market, on the other hand, is expected to rise at the fastest CAGR during the forecast period, owing to increased demand for animal products. The specialized feed additives market in the area has been driven by population expansion, rising disposable incomes, rapid urbanization, and growing demand for high-quality meat products.

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There are some major players working in middle east and africa specialty feed additives market, which include Archer Daniels Midland Co. (U.S.) Alltech Inc. (U.S.) Nutreco N.V. (Netherlands) BASF SE (Germany) Kemin Industries Inc (U.S.) Novozymes A/S (Denmark) Chr. Hansen Holdings A/S (Denmark) Invivo NSA (France) Lucta S.A. (Spain) Biomin Holding GmbH (Austria)

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