Arab & Middle East News
(ARABNEWSWIRE.COM, January 10, 2018 ) The Middle East and Africa Feed Mineral Market was worth $0.29 billion in 2016 and estimated to be growing at a CAGR of 5.68%, to reach $0.39 billion by 2021. Livestock nurturing and the intake of animal products make a vital contribution to the financial and nutritional wellbeing of millions of individuals around the world. Feed Minerals play a prominent role in the global food by ensuring safe, ample and reasonably priced proteins.
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Natural substances such as soil, water and plants contain elements such as minerals which are provided to the animals to maintain their health. They perform several functions such as bone development, controlling acid base balances, muscle contraction, and enzyme stimulation.
The growth of the Middle East and Africa Feed Mineral market is majorly driven by factors such as increasing demand for mineral rich animal meat, increasing disposable income, and growing adoption of scientific methods to increase meat production. Also, another factor which is further expected to increase the intake of feed minerals is the huge demand for high quality meat from the meat processing industry. However, factors such as stringent government rules on the usage of certain minerals and the rising cost of raw materials are impeding the growth of the market in this region.
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• By Type
• Micro Minerals
• By Animal Type
The market has been geographically segmented into Middle East and Africa. Middle East and Africa is a developing market with vast potential and strong growth rates, due to growing disposable incomes and rising consumption of meat. South Africa leads the Feed Minerals market in this region with a market share of around 25%.
The major players in the market are fixated on broadening their distribution networks to cater to the wider market. Investment in the production process is another tactic adopted by the manufacturers to decrease the expenses incurred. The major companies dominating the Feed Mineral market in this region are Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland, and Tanke Biosciences Corp.
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