BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Animal Feed Market size at USD 2.63 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Animal Feed Market size to expand at a CAGR of 5.77% reaching a value of USD 3.95 billion by 2030. By volume, BlueWeave estimated the Saudi Arabia Animal Feed Market size at 8.42 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Animal Feed Market size to expand at a CAGR of 5.21% reaching the volume of 11.57 million tons by 2030. A growing emphasis on animal health due to the increasing incidence of zoonotic diseases and the high consumption of meat and other animal products are major growth factors for the Saudi Arabia animal feed market. The growing hospitality and tourism sectors are also expected to propel the market during the forecast period.
Opportunity – Rising demand for cereals as an animal feed
The Saudi Arabia Animal Feed Market, based on ingredients, is segmented into cereals, oilseed meal, molasses, additives, and others. The additives segment is further divided into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers, and others. The cereals segment accounts for the highest market share in the Saudi Arabia Animal Feed Market by ingredients. The growth of the cereal segment is mainly attributed to its high starch content, which acts as the main source of energy for animals. Cereals, including wheat, rice, oats, barley, and maize, are frequently used as feed. The oilseed meal segment also holds a substantial market share owing to its richness in protein content.
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Impact of Escalating Geopolitical Tensions on Saudi Arabia Animal Feed Market
The escalating geopolitical tensions may hinder the growth of the Saudi Arabia Animal Feed Market. Geopolitical tensions, such as Israel-Hamas War and the resultant Red Sea attacks, may result in the disruption of poultry trade. These complications may cause supply chain disruption, shortage of stock, and increased cost of animals and animal feed, which may limit the growth of the Animal Feed Market in Saudi Arabia.
Saudi Arabia Animal Feed Market
Segmental Coverage
Saudi Arabia Animal Feed Market – By Source
Based on the source, the Saudi Arabia Animal Feed Market is bifurcated into organic and conventional segments. The conventional feed segment dominates the Saudi Arabia Animal Feed Market. The market has a high demand for conventional animal feed, such as wheat, oats, legumes, barley, soybeans, and others, as they are cheaper and easily accessible, as well as offering high protein content. However, the organic segment is gaining significant traction in the market as it is free from added synthetic pesticides, herbicides, or fertilizers. The growing awareness about environmental sustainability and animal welfare is directly influencing the growth of the organic feed segment.
Competitive Landscape
Major players operating in the Saudi Arabia Animal Feed Market include Nafa Feeds, PVS Labs, Feedco, Albawardi Group, Arabian Agricultural Services Company (ARASCO), Al Muhaidib Group, Taya Feed Mill Co., Saudi Mix, al-robaie, and First Mills. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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