Introduction of the Saudi Arabia Animal Feed Market Report

Animal feed is an essential source of nutrients for the healthy diet of livestock. It provides better growth and livelihood to animals. Saudi Arabia is fastest-growing country in the animal feed market across the Middle east region. As per the World Bank, the livestock production index increased from 105.65 in 2017 to 109.56 in 2018.

To have an edge over the competition by knowing the market dynamics and current trends of “Saudi Arabia Animal Feed Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Animal Feed Market in Saudi Arabia is driven by the rising government initiatives to support local producers, growing consumption of raw and processed meat and the increasing demand for highly nutritious animal feed. In addition to this, the Saudi government is providing import subsidies for 31 livestock feed ingredients such as Distillers dried grains with solubles and corn gluten feed to reduce the production cost of livestock products including poultry meat, dairy, table eggs, among others in 2019. The Saudi government introduced various agencies such as Grain Silos and Flour Mills Organization and Saudi Food and Drug Authority (SFDA) for animal feed ingredients to support nationwide growth, further boosting the Saudi Arabia animal feed market. Saudi Food and Drug Authority is responsible for establishing regulation, licensing and standards concerning processed, unprocessed animal feed products. The agency is also responsible for food safety regulations and labeling requirements for imported and locally produced food and feed products.

ARASCO is the largest animal feed processor which manufactures various livestock feed, poultry feed and aqua feed in Saudi Arabia. The annual production capacity of ARASCO is 4 million metric tonnes per annum. In 2020, the company sold its wafi brand feed for 20% lower than the price of barley to support livestock producers to feed Wafi.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Ingredient – Segment Analysis

High Price of Barley is creating demand for corn in Saudi Arabia animal feed market. Saudi Arabia Grain Organization encouraged livestock producers to reduce barley consumption will create opportunities for Corn in Saudi Arabia animal feed market. In addition, ARASCO reduced 20% selling price compared to barley will increase the demand for corn and reduce the demand for feed barley. Corn imports are projected to reach 4.4 million metric tonnes for marketing year (MY2018/19), 11 percent higher than MY2017/18 imports due to the growing demand by animal feed processors in Saudi Arabia.

Livestock – Segment Analysis

The poultry segment is projected to increase in the coming years in the Saudi Arabia market due to the increasing consumption of poultry meat compared to other animal protein alternatives. As per the OECD, poultry meat consumption is 1,373.8 thousand tonnes in 2020 is increased compared to 2019. Furthermore, poultry meat consumption is expected to reach 1,543.8 thousand tonnes by 2029. Saudi government assists domestic poultry farms in increasing local chicken meat production and targeting more than 60 percent of consumption by 2020 end. The cost of chicken meat production is high in Saudi Arabia due to high dependence on imported feed, equipment and vaccines. The government provides production support to poultry producers such as interest-free loans and rebates on purchasing certain poultry equipment.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Key Developments: 

• • In 2020, Saudi Ministry of Environment, Water and Agriculture introduced a new animal feed policy. The policy states the government will provide direct payment to poultry and livestock producers instead of providing import subsidies. The total budget for this is USD 320 Million a year.
  • In 2020, Saudi Arabia Grain Organization signed a contract to purchase barley for approx. 1.68 million MT for July to September 2020, which was 12% lesser, i.e., approx. 1.91 million MT as compared to the previous year.

Segments covered in the Report:

The Saudi Arabia Animal Feed market has been segmented on the basis of Ingredient, Livestock. Based on Ingredient, the market is segmented into corn, barley, soy and others. The chemical control services segment is further categorized into organic and synthetic. Based on Livestock, the market is segmented into cattle, poultry, ship, goat, camel and others. 

For detailed scope of the “Saudi Arabia Animal Feed Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is Saudi Arabia Animal Feed market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Animal Feed market? What will be the impact of drivers and restraints in the future?
  • Which Ingredient generated maximum revenues in 2020 and identify the most promising Ingredient during the forecast period?
  • What are the various Livestock of Saudi Arabia Animal Feed market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Animal Feed Market by Ingredient

• • Barley
  • Corn
  • Soy
  • Others

Saudi Arabia Animal Feed Market by Livestock

• • Poultry
  • Cattle
  • Goat
  • Sheep
  • Camel
  • Others