Middle East Feed Binders Market 2020 Precise Outlook – Archer Daniels Midland Company, Cargill Inc., Avebe U.A., Beneo Gmbh

Middle East

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Aug 26, 2020 (Market Insight Reports) — The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Feed Binders production region, major players, and product type which will provide a simplified view of the Feed Binders industry. The Feed Binders market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Feed Binders market which will help the emerging market segments in making vital business decisions.

The Middle East Feed Binders Market is projected to register a CAGR of 2.4% during the forecast period 2020-2025.

Feed Binders Market Segmentation:

This report on Middle East Feed Binders market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Middle East market for Feed Binders. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Middle East Feed Binders market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Archer Daniels Midland Company, Cargill Inc., Avebe U.A., Beneo Gmbh, Borregaard, Cp Kelco, Fmc corporation, Ingredion Incorporated, amongst others.

Increasing Demand for Meat and Animal Based Products

The increased demand for meat and animal-based products is also driving the market for feed additives like binders. Saudi Arabia, one of the fastest-growing high-income economies in the Middle East, has witnessed steady growth in the demand for feed additives. The growth of the feed additives market in the region is mainly driven by the increasing poultry production, rising animal health concerns, and growing industrialization of livestock. Countries, such as Tanzania, Malawi, and Ethiopia, are witnessing an increased number of training programs, in order to improve livestock productivity. Studies are being carried out in these countries, to understand the major livestock production problems, opportunities, and potential interventions, particularly in the livestock feed aspects, in order to improve the production and productivity of livestock, thereby, surging the demand for feed additives in these countries.

Egypt Dominates the Market

In Egypt, the number of modern dairy and feed farms has increased considerably. The majority of the domestic meat consumed in the country is locally produced, making Egypt an attractive market for the supply and import of feed additives. The Egyptian government is pursuing increased domestic beef production by growing the domestic heard size and increasing live cattle imports. According to the United States Department of Agriculture (USDA), Policies limiting the slaughter of cattle under 400kg and bulls less than two years of age are helping to drive domestic production. The government is also controlling some input costs for specific feed products, further incentivizing production. The rising urbanization and increasing disposable incomes have directed the Egyptians toward the food habits of the Western world. This, in turn, has led to increasing demand for meat, meat products, and processed meat, and the rising cost of feed. Farmers, facing pressure to produce quality meat without having to absorb the increasing cost of inputs, have turned toward the usage of feed additives in animal diets. Increased meat consumption and a rise in health concerns in livestock have made the market consume a higher quantity of feed binders.

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This independent 119 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Feed Binders market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Key Takeaways from this Report

  • Impact of low unit costs, diversified product ranges and intense competition on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Regional analysis of the market
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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