The Middle East and Africa Feed Amino Acids Market was worth USD 1.21 billion in 2016 and estimated to be growing at a CAGR of 6.293%, to reach USD 1.64 billion by 2021.
The market is supposed to show high potential in the mentioned forecasting period. The Middle East & Africa Feed Amino Acids Market has grown with the increase in the demand for livestock derived products.
The breeders have been recently taking higher interest in the market and with a will to increase their profitability, have led the market to exhibit significant growth in upcoming years.
Feed amino acids are usually used as feed additives for various types of livestock.
They are used to get an increase in the productivity of the livestock, so as to meet the ever-rising demand of animal products. the nutritional value of Amino Acids help in avoiding various health problems like autism, allergies, fatigue, dermatitis.
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The increase in the demands for dairy and meat products and increase in costs of feed have fuelled the growth of the Middle East & Africa Feed Amino Acids Market. Other factors driving the market for Amino Acids include expansion of animal meat market, Industrialization of livestock industry and livestock disease outbreaks.
Besides these, the market also faces some challenges and restraints, some of which are competition for raw materials with other industries, availability of alternative protein sources, price volatility of Agri-commodities and Regulatory framework. These few factors have been responsible for holding back the market from reaching its potential.
The Middle East & Africa Feed Amino Acids Market is segmented on the basis of livestock and amino acids. Based on livestock the market is into swine, cattle, poultry, aquaculture and other livestock.
According to Amino Acids the segmentation is done under Tryptophan, lysine, Methionine, Threonine, and others. Lysine holds the largest market share in the amino acids segmentation and is expected to stay the same in the coming years.
Under livestock segmentation, poultry accounts for the highest share in the market due to the adoption of intensive farming system more than in any other segment. On the basis of geographical analysis, the Middle East & Africa Feed Amino Acids Market is analysed under two regions namely Middle East and Africa.
Some of the key companies in the Middle East & Africa Feed Amino Acids Market include Archer Daniels Midland Company, Cheil Jedang, Cargill Inc, Novus International Inc, Royal Dsm N.V., Adisseo France Sas, Ajinomoto Co. Inc., PHW Group, Kemin Europa, Evonik Industries Ag.
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