- Binders
- Minerals
- Vitamins
- Flavours and Sweeteners
- Antioxidants
- Acidifiers
- Enzymes
- Carbohydrates
- Others
Middle East And Africa Specialty Feed Additives Market size was valued at USD 1,486.5 billion in 2021 and is poised to grow at a significant CAGR of 4.3% during the forecast period 2022-28. The global market provides a detailed overview of the Middle East and Africa specialty feed additives market and which can be segmented by product type, form, and animal type. By product type, the Middle East and Africa specialty feed additives market has been segmented into binders, minerals, vitamins, flavors and sweeteners, antioxidants, acidifiers, enzymes, carbohydrates, and others. On the basis of product type, the flavors & sweeteners segment accounted for the largest market share in past years and is expected to have a significant market share over the forecasted period. By form, the Middle East and Africa specialty feed additives market has been segmented into powders, liquids, and pellets. The liquid segment is projected to grow at a significant CAGR during the forecast period. As liquid specialty feed additives are gaining popularity due to their low cost. Based on the animal type, the segment has been segregated into poultry, aquatic, canine, equine, swine, ovine, and bovine. The poultry segment is expected to lead the global market of the Middle East and Africa specialty feed additives. These days, the poultry industry expanding at a rapid pace worldwide, resulting help to expand the market of the Middle East and Africa specialty feed additives.
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The growth of the Middle East and Africa Specialty feed Additives Market is primarily driven by various factors such as innovation and advancement in the agricultural field, increasing awareness about meat quality, and concern for the same in animal products. Furthermore, with the new features and technologies, vendors can attract a million customers and expand their footprints in emerging markets. This factor is further anticipated to push the Middle East and Africa animal feed additives market.
The liquid segment is projected to create lucrative opportunities among key players during the forecast period. As liquid specialty feed additives are gaining popularity due to their low cost.
The major restraints of the specialty feed additives market are the harmful effects of rising operational & raw material costs and inconsistency in the regulatory structure,
The global Middle East and Africa specialty feed additives market size is valued at USD 1,486.5 million in 2021 and is expected to grow at a CAGR of 4.3% during the forecast period.
New product launches and acquisitions are major strategies opted by the leading companies in the market.
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