Report Overview

Middle East and Africa Warm Water Aquaculture Feed Market – Industry Trends & Forecast Report, 2029

Middle East and Africa warm water aquaculture feed market size was estimated at USD 6.67 billion in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa warm water aquaculture feed market is projected to grow at a CAGR of 3.2% reaching a value of USD 8.32 billion by 2029. The Middle East and Africa warm water aquaculture feed market is driven by several key factors. The region's growing urbanization and changing lifestyles have increased the demand for convenient frozen food products, necessitating efficient packaging solutions. Also a rising middle-class population with higher disposable incomes is boosting consumer spending on frozen foods. Advancements in packaging technology, including sustainable and eco-friendly options, are driving innovation in the market. Further, the COVID-19 pandemic accelerated the adoption of frozen foods, leading to an increased need for safe and secure packaging. These factors collectively contribute to the growth of the Middle East and Africa warm water aquaculture feed market. 

Warm Water Aquaculture Feed Market - Overview

The warm water aquaculture feed market refers to the industry that produces and supplies specialized feed for the cultivation of fish and other aquatic species in warm water environments. This market caters to the nutritional needs of various species such as tilapia, catfish, shrimp, and other tropical fish, promoting their growth and health in controlled aquaculture settings. Factors driving this market include the growing global demand for seafood, increased aquaculture production, and the need for sustainable and nutritionally balanced feeds. It encompasses a range of products and solutions tailored to support the thriving warm-water aquaculture sector.

Middle East and Africa Warm Water Aquaculture Feed Market

Growth Drivers

Rapid Population Growth and Urbanization Driving Demand for Food

Middle East and Africa warm water aquaculture feed market is experiencing robust growth, driven primarily by the region's increasing urbanization. As more people migrate to urban areas in search of better economic opportunities, there is a growing demand for convenient, ready-to-eat frozen food products. This trend has propelled the frozen food industry, necessitating innovative and efficient packaging solutions to ensure product quality and safety. Manufacturers are adapting to this shift by investing in advanced packaging technologies, including sustainable and eco-friendly options, thereby capitalizing on the urban population's penchant for quick, hassle-free meal options, and contributing to the market's steady expansion.

Restraints

Regulatory Hurdles

Middle East and Africa warm water aquaculture feed market faces a significant growth restraint in the form of stringent regulatory requirements. Government regulations pertaining to food safety and labeling are complex and constantly evolving, posing challenges for packaging companies to ensure compliance. Meeting these standards demands substantial investments in research, development, and quality control measures. Also, variations in regulations across different countries within the region further compound these challenges, making it difficult for companies to maintain consistency in their packaging solutions. Navigating this regulatory landscape hampers market growth and innovation, impacting the expansion of the frozen food packaging industry in the Middle East and Africa.

Impact of COVID-19 on Middle East and Africa Warm Water Aquaculture Feed Market

The COVID-19 pandemic significantly impacted Middle East and Africa Warm Water Aquaculture Feed Market. As lockdowns and social distancing measures were enforced, there was a surge in demand for frozen food products due to their longer shelf life. This led to increased production and consumption, driving the need for innovative and efficient packaging solutions to maintain product quality. However, disruptions in supply chain and labor shortage posed significant challenges. The pandemic also accelerated the shift toward online shopping, influencing packaging preferences. Overall, the Middle East and Africa warm water aquaculture feed market saw fluctuations in demand, supply chain disruptions, and evolving consumer behavior in response to the pandemic.

Middle East and Africa Warm Water Aquaculture Feed Market

Segmental Coverage

Middle East and Africa Warm Water Aquaculture Feed Market – By Species

Based on species, Middle East and Africa warm water aquaculture feed market is divided into Chinese Fed Craps, Tilapia, Catfish, Milk Fish, Shrimps, and Crustaceans segments. The Chinese fed craps segment is the dominant category within this market, indicating its significant share and importance in the region's warm water aquaculture feed industry. This suggests a potential focus on Chinese fed crap as a key product and market driver within the Middle East and Africa, with other segments contributing to the diversity of aquaculture feed offerings in the region.

Middle East and Africa Warm Water Aquaculture Feed Market – By Nature

By nature, Middle East and Africa warm water aquaculture feed market is split into Organic and Conventional segments. These segments represent the two distinct approaches to aquaculture feed production in the region. The Organic segment focuses on sustainable and environmentally friendly practices, utilizing organic ingredients and methods to produce feed that meets ecological and health-conscious consumer demands. In contrast, the conventional segment follows traditional feed production methods, often incorporating synthetic additives and conventional farming practices. The choice between these segments reflects the growing consumer interest in sustainability and organic products within the aquaculture industry in Middle East and Africa.

Middle East and Africa Warm Water Aquaculture Feed Market – By Country

Geographically, Middle East and Africa warm water aquaculture feed market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. These countries represent significant players in the warm water aquaculture feed market within the Middle East and Africa region. The rest of the MEA region comprises smaller markets in comparison to these prominent nations, making this particular segment the primary focus for aquaculture feed industry players looking to capitalize on the growing demand for aquaculture products in the region.

Competitive Landscape

Major players in the Middle East and Africa warm water aquaculture feed market include Alltech, Purina Mills, Nutreco N.V., Ridley Corporation Limited, Adisseo, Aller Aqua Group, BIOMIN, INVE Aquaculture, and Charoen Pokphand Group Company, Ltd. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Species

• Chinese Fed Craps

• Tilapia

• Catfish

• Milk Fish

• Shrimps

• Crustaceans

By Nature

• Organic

• Conventional

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of MEA

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Warm Water Aquaculture Feed Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing demand for seafood
         2. Rising income levels and urbanization
      2. Restraints
         1. Growing Trend of Renewable Energy
      3. Opportunities
         1. Technological advancements in feed formulation
      4. Challenges
         1. Environmental Concern
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Middle East and Africa Warm Water Aquaculture Feed Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Species
         1. Chinese Fed Craps
         2. Tilapia
         3. Catfish
         4. Milk Fish
         5. Shrimps
         6. Crustaceans
      2. By Nature
         1. Organic
         2. Conventional
      3. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of MEA
5. Saudi Arabia Warm Water Aquaculture Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Species
      2. By Nature
6. UAE Warm Water Aquaculture Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Species
      2. By Nature
7. Qatar Warm Water Aquaculture Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Species
      2. By Nature
8. Kuwait Warm Water Aquaculture Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Species
      2. By Nature
9. South Africa Warm Water Aquaculture Feed Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Species
      2. By Nature
10. Nigeria Warm Water Aquaculture Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Species
       2. By Nature
11. Algeria Warm Water Aquaculture Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Species
       2. By Nature
12. Rest of MEA Warm Water Aquaculture Feed Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Species
       2. By Nature
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Warm Water Aquaculture Feed Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of COVID-19 on Middle East and Africa Warm Water Aquaculture Feed Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Alltech
    2. Purina Mills
    3. Nutreco N.V.
    4. Ridley Corporation Limited
    5. Adisseo
    6. Aller Aqua Group
    7. BIOMIN
    8. INVE Aquaculture
    9. Charoen Pokphand Group Company, Ltd
    10. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Middle East and Africa Warm Water Aquaculture Feed Segmentation

Figure 2       Middle East and Africa Warm Water Aquaculture Feed Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Middle East & Africa Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 5       Middle East & Africa Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 6       Middle East & Africa Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 7       Middle East & Africa Warm Water Aquaculture Feed Market Share, By Country, By Value, 2019–2029

Figure 8       Saudi Arabia Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 9       Saudi Arabia Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 10     Saudi Arabia Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 11     UAE Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 12     UAE Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 13     UAE Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 14     Qatar Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 15     Qatar Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 16     Qatar Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 17     Kuwait Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 18     Kuwait Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 19     Kuwait Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 20     South Africa Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 21     South Africa Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 22     South Africa Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 23     Nigeria Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 24     Nigeria Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 25     Nigeria Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 26     Algeria Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 27     Algeria Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 28     Algeria Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

Figure 29     Rest of MEA Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Figure 30     Rest of MEA Warm Water Aquaculture Feed Market Share, By Species, By Value, 2019–2029

Figure 31     Rest of MEA Warm Water Aquaculture Feed Market Share, By Nature, By Value, 2019–2029

List of Tables

Table 1        Middle East & Africa Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 2        Middle East & Africa Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 3        Middle East & Africa Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 4        Middle East & Africa Warm Water Aquaculture Feed Market Size, By Country, By Value, 2019–2029

Table 5        Saudi Arabia Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 6        Saudi Arabia Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 7        Saudi Arabia Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 8        UAE Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 9        UAE Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 10      UAE Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 11      Qatar Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 12      Qatar Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 13      Qatar Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 14      Kuwait Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 15      Kuwait Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 16      Kuwait Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 17      South Africa Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 18      South Africa Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 19      South Africa Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 20      Nigeria Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 21      Nigeria Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 22      Nigeria Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 23      Algeria Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 24      Algeria Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 25      Algeria Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 26      Rest of MEA Warm Water Aquaculture Feed Market Size, By Value (USD Million), 2019–2029

Table 27      Rest of MEA Warm Water Aquaculture Feed Market Size, By Species, By Value, 2019–2029

Table 28      Rest of MEA Warm Water Aquaculture Feed Market Size, By Nature, By Value, 2019–2029

Table 29      Alltech Company Overview

Table 30      Alltech Financial Overview

Table 31      Purina Mills Company Overview

Table 32      Purina Mills Financial Overview

Table 33      Nutreco N.V. Company Overview

Table 34      Nutreco N.V. Financial Overview

Table 35      Ridley Corporation Limited Company Overview

Table 36      Ridley Corporation Limited Financial Overview

Table 37      Adisseo Company Overview

Table 38      Adisseo Financial Overview

Table 39      Aller Aqua Group Company Overview

Table 40      Aller Aqua Group Financial Overview

Table 41      BIOMIN Company Overview

Table 42      BIOMIN Financial Overview

Table 43      INVE Aquaculture Company Overview

Table 44      INVE Aquaculture Financial Overview

Table 45      Charoen Pokphand Group Company, Ltd Company Overview

Table 46      Charoen Pokphand Group Company, Ltd Financial Overview