Middle East and Africa Liquid Feed Supplements Market was valued at USD 349 million in 2016 and is estimated to be growing at a CAGR of 5.3%, to reach USD 451 million by 2021.
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The market is predicted to show significant growth in the forecasting period. It continues to grow with the development in the animal healthcare sector.
Liquid feed supplements are the food substances that are added to the daily diet of animals. They contain protein, minerals and other nutrition which are needed for healthy living of the animals.
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Liquid feed supplements are added in the diets of pigs, cows, bulls, chickens and many aquatic animals. They are contained and carried by the molasses which serve as a medium for supplying energy to the animals and also develop food palatability.
The major factors which drive the growth of Middle-East and Africa Liquid Feed Supplements Market are the increased consumption of meat and other animal products, development in animal healthcare sector and growing awareness about the quality of animal products. The major factors that restrict the growth of this market are the lack of awareness in some regions and restrictions imposed by government agencies.
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The Middle-East and Africa Liquid Feed Supplements Market is categorized on the basis of Type into Protein, Minerals, Vitamins and Others. On the basis of Source, the market is categorized as Molasses, Corn, Urea and Others, wherein the Molasses segment holds the highest share among all others.
On the basis of Livestock, the market is segmented as Ruminants, Poultry, Swine, Aquaculture and Others. The ruminants segment holds the highest share for liquid feed additives owing to rising meat consumption lately.
On the basis of geography, the market is analysed under various the regions Middle-East and Africa. Over the past few years, the countries in this region have experienced a rise in meat consumption and increased popularity of other animal products like leather thus resulting in growing demand for Liquid Feed Additives Market.
1.6 Y-o-Y Growth Analysis, By Type
1.7 Market Attractiveness Analysis, By Type
1.8 Market Share Analysis, By Type
2.5 Y-o-Y Growth Analysis, By Source
2.6 Market Attractiveness Analysis, By Source
2.7 Market Share Analysis, By Source
3.7 Y-o-Y Growth Analysis, By Livestock
3.8 Market Attractiveness Analysis, By Livestock
3.9 Market Share Analysis, By Livestock
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Some of the major companies dominating the market, by their products and services are Agridyne LLC, Ridley Corporation, Masterfeeds and revering Pty Ltd.
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