Saudi Arabia Animal Feed Market (2024-2030) | Value, Trends, Outlook, Share, Growth, Industry, Analysis, Forecast, Size, Companies & Revenue

Topics Covered in the Saudi Arabia Animal Feed Market

Saudi Arabia Animal Feed Market report thoroughly covers the market by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Animal Feed Market Synopsis

Saudi Arabia Animal Feed Market encompasses products such as forage, silage, hay, straw, and various types of remunerative feeds. The primary consumers of animal feed in Saudi Arabia are the livestock, dairy, and poultry industries. With an increasing awareness of improving animal nutrition and productivity, the demand for animal feed has risen.

According to 6Wresearch, the Saudi Arabia Animal Feed Market Size was valued at USD 9.67 billion and is expected to reach USD 12.89 billion during the forecast period of 2024-2030. Saudi Arabia's rapid population growth, coupled with the increasing demand for meat and dairy products, is one of the primary drivers of the Saudi Arabia Animal Feed Market Growth. In addition, the country's favorable agricultural policies provide incentives for farmers to invest in animal husbandry and related industries. The Saudi Arabia animal feed market is witnessing several trends, such as an increased focus on sustainable practices, rising demand for organic and non-GMO animal feed, and the growing adoption of technological advancements like automated feeding systems. The use of alternative proteins like insect protein and plant-based proteins is also a growing trend in the animal feed industry, making it less reliant on traditional protein sources. One of the significant challenges faced by the Saudi Arabia animal feed market is the impact of global prices on raw materials such as corn and soybean. Due to the country's limited self-sufficiency in cereal production, it remains exposed to the price volatility of global markets. The high cost of transportation and logistics is another challenge faced by the industry as it adds to the overall cost of animal feed production. There are several opportunities that the Saudi Arabia animal feed industry could benefit from. These opportunities include the establishment of public-private partnerships between the government and private sector entities to promote innovation and investment in the industry. There is also significant potential for growth in the organic and non-GMO animal feed markets, with growing public demand for healthy, environmentally friendly products. Moreover, advancements in technology, such as the use of drones, artificial intelligence, and smart sensors, can improve the efficiency and productivity of the animal feed industry.

Government policies and schemes introduced in the Saudi Arabia Animal Feed Market

The government of Saudi Arabia has taken several measures to improve the quality and standard of animal feed, including their production, storage, sales, and transportation. The Saudi Arabia government has taken some noteworthy measures to develop the animal feed industry. One of their significant efforts includes the ‘Kingdom’s Green Initiative’ initiative, launched in March 2021. The objective of this initiative is to reduce greenhouse gas emissions, increase the forest area, and boost the livestock industry. Moreover, the government established the ‘National Livestock Development Program’ in 1988, which helps to enhance livestock productivity by ensuring the availability of high-quality animal feed.

Leading players in the Saudi Arabia Animal Feed Market

The Saudi Arabia animal feed market is highly competitive and is dominated by several leading players. The top players in this market are: Bin Quraya, Savola Group, BASF SE, Cargill Inc., and Alltech Inc. These players have established themselves as market leaders through their innovative products and by adopting various strategic initiatives such as mergers, acquisitions, and partnerships.

Market analysis by Form

According to Nitesh Kumar, Research Manager, 6Wresearch, the pellets form segment dominates the Saudi Arabia Animal Feed Market Share due to its superior feed efficiency and ease of handling and transportation. Moreover, the pellets form is suitable for poultry, swine, and aqua species, which are the primary consumers of animal feed in Saudi Arabia.

Market analysis by Species

By Species, the poultry segment holds the largest market share due to the increasing consumption of meat and eggs by the Saudi population. The Saudi poultry industry has witnessed exponential growth over the last decade. This market trend is further augmented by several government initiatives that are promoting advanced farming practices.

Market analysis by Type

By Type, the antibiotics are the most widely used type, and most animal feed formulations contain them. However, due to the increasing concerns regarding antibiotic resistance and public health, there is a growing demand for alternatives such as acidifiers, probiotics, and enzymes. These products promote gut health, improve nutrient absorption, and reduce the risk of diseases.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Animal Feed Market Outlook
• Market Size of Saudi Arabia Animal Feed Market, 2023
• Forecast of Saudi Arabia Animal Feed Market, 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Revenues & Volume for the Period 2020 - 2030
• Saudi Arabia Animal Feed Market Trend Evolution
• Saudi Arabia Animal Feed Market Drivers and Challenges
• Saudi Arabia Animal Feed Price Trends
• Saudi Arabia Animal Feed Porter's Five Forces
• Saudi Arabia Animal Feed Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Saudi Arabia Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Saudi Arabia Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• Saudi Arabia Animal Feed Top Companies Market Share
• Saudi Arabia Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Animal Feed Company Profiles
• Saudi Arabia Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others

Frequently Asked Questions About the Market Study (FAQs):