Report Overview

Saudi Arabia Animal Feed Market - Industry Trends & Forecast Report, 2030

Saudi Arabia Animal Feed Market size was estimated to be worth USD 2.63 billion in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Animal Feed Market size is projected to grow at a CAGR of 5.77%, reaching a value of USD 3.95 billion by 2030.

By volume, the Saudi Arabia Animal Feed Market size was estimated at 8.42 million tons in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Animal Feed Market size is expected to expand at a CAGR of 5.21%, reaching a volume of 11.57 million tons by 2030.

Major growth factors for the Saudi Arabia Animal Feed Market include high consumption of meat and other animal products and an increasing focus on animal health owing to the rising prevalence of zoonotic diseases. In addition, the flourishing hospitality and tourism industries are anticipated to drive the Saudi Arabia animal feed market during the forecast period.

Animal Feed – Overview

"Animal feed" refers to foods produced and cultivated for ruminants, poultry, and aquatic animals. Forage and fodder are the two primary categories of animal feed. The process of making animal feed involves carefully selecting and blending ingredients to create incredibly nourishing meals that both preserve the health of the animals and improve the quality of byproducts like milk, meat, or eggs. Cereal grains, hay and silage crops, grasses, pastures, and other food crop byproducts, such as sugar beet pulp, are some of the most preferred feeds.

Saudi Arabia Animal Feed Market

Growth Drivers

Rising Focus on Animal Health

The rising awareness of the increasing prevalence of zoonotic diseases and their impact on both animal and human health is boosting the demand for animal feed in the market for improved animal health. The focus on animal health to prevent the spread of diseases to humans escalated after the COVID-19 pandemic broke out. Several reports revealed that environmental changes and changing patterns in animal migration and reproduction are directly influencing the zoonosis emergence in the livestock sector. The growing consumption of animal products, such as meat, eggs, and dairy products, is driving the need for better animal health and, consequently, the need for animal feed in the Saudi Arabian market.

Challenges

Deepening Penetration of Counterfeit Products

The rising availability and easy accessibility of counterfeit products of animal feed act as a major restraining factor for the growth of the Saudi Arabia Animal Feed Market. Counterfeit animal feed products are cheaper due to their poor quality, and they exploit the goodwill of branded companies by using their name and brand. This not only negatively impacts the profit of the industry players but also deteriorates animal health by depriving them of essential nutrition and exposing them to zoonotic diseases, which eventually affect the livestock production output.

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 Form

Based on form, the Saudi Arabia Animal Feed Market is segmented into pellets, mashes, crumbles, and cubes & cakes. The pellets segment accounts for the highest market share in the market by form. Pellets offer several benefits, such as improved palatability, shorter eating periods, along reduced waste and segregation in the feed. Pelletizing the feed can improve feed efficiency and animal performance.

Saudi Arabia Animal Feed Market – By Livestock

Based on livestock, the Saudi Arabia Animal Feed Market is segmented into poultry animal feed, ruminant feed, aquatic feed, and others. The poultry segment holds the largest share in the Saudi Arabia Animal Feed Market owing to the high consumption of chicken meat and eggs across the Kingdom. Chicken meat and egg consumption have increased significantly in Saudi Arabia due to the country's growing need for animal protein and consumers' choice for low-fat, high-protein diets, which is driving the market growth of poultry animal feed.

Saudi Arabia Animal Feed Market – By Source

On the basis of 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.

Recent Developments

• In May 2024 – CESCO EPC, a civil engineering company based in Germany, is building new steel storage and conveying equipment for United Feed Co., a leading plant-based animal feed company based in Saudi Arabia.

Scope of the Report

By Form

• Pellets

• Mashes

• Crumbles

• Cubes & Cakes

By Livestock

• Poultry Animal Feed

• Ruminant Feed

• Aquatic Feed

• Others

By Ingredients

• Cereals

• Oilseed Meal

• Molasses

• Additives

1. Antibiotics

2. Vitamins

3. Antioxidants

4. Amino Acids

5. Feed Enzymes

6. Feed Acidifiers

7. Others

• Others

By Source

• Organic

• Conventional

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Animal Feed Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Livestock Industry Growth
         2. Focus on Animal Nutrition
         3. Technological Advancements
         4. Government Support
      2. Restraints
         1. High Feed Prices
         2. Environmental Challenges
         3. Supply Chain Disruptions
         4. Counterfeit Products
      3. Opportunities
         1. Growing Technological Advancements
         2. Enhanced Animal Productivity
         3. Aquaculture Feed Demand
      4. Challenges
         1. Fluctuating Feed Prices
         2. Supply Chain Disruptions
         3. Lower Demand for Specific Livestock
   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. Saudi Arabia Animal Feed Market: Marketing Strategies
5. Saudi Arabia Animal Feed Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
      2. By Volume (Million Tons)
   2. Market Share & Forecast
      1. By Form
         1. Pellet
         2. Mash
         3. Crumbles
         4. Cubes & Cakes
      2. By Livestock
         1. Poultry Animal Feed
         2. Ruminant Feed
         3. Aquatic Feed
         4. Others
      3. By Ingredients
         1. Cereals
         2. Oilseed Meal
         3. Molasses
         4. Additives
            1. Antibiotics
            2. Vitamins
            3. Antioxidants
            4. Amino Acids
            5. Feed Enzymes
            6. Feed Acidifiers
            7. Others
         5. Others
      4. By Source
         1. Organic
         2. Conventional
6. Competitive Landscape
   1. List of Key Players and Their Range
   2. Saudi Arabia Animal Feed Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Animal Feed Market Industry
8. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
   1. Nafa Feeds
   2. PVS Labs
   3. Feedco
   4. Albawardi Group
   5. Arabian Agricultural Services Company (ARASCO)
   6. Al Muhaidib Group
   7. Taya Feed Mill Co.
   8. Saudi Mix
   9. al-robaie
   10. First Mills
   11. Other prominent players
9. Key Strategic Recommendations
10. 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
    5. Assumption & Limitation

*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       Saudi Arabia Animal Feed Market Segmentation

Figure 2       Saudi Arabia Animal Feed Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Animal Feed Market Size, By Value (USD Billion), 2019–2030

Figure 5       Saudi Arabia Animal Feed Market Size, By Volume (Million Units), 2019–2030

Figure 6       Saudi Arabia Animal Feed Market Share, By Form, By Value, 2019–2030

Figure 7       Saudi Arabia Animal Feed Market Share, By Livestock, By Value, 2019–2030

Figure 8       Saudi Arabia Animal Feed Market Share, By Ingredients, By Value, 2019–2030

Figure 9       Saudi Arabia Animal Feed Market Share, By Source, By Value, 2019–2030

List of Tables      

Table 1        Saudi Arabia Animal Feed Market Share, By Form, By Value, 2019–2030

Table 2        Saudi Arabia Animal Feed Market Share, By Livestock, By Value, 2019–2030

Table 3        Saudi Arabia Animal Feed Market Share, By Ingredients, By Value, 2019–2030

Table 4        Saudi Arabia Animal Feed Market Share, By Source, By Value, 2019–2030

Table 5        Nafa Feeds Company Overview

Table 6        Nafa Feeds Financial Overview

Table 7        PVS Labs Company Overview

Table 8        PVS Labs Financial Overview

Table 9        Feedco Company Overview

Table 10      Feedco Financial Overview

Table 11      Albawardi Group Company Overview

Table 12      Albawardi Group Financial Overview

Table 13      Arabian Agricultural Services Company (ARASCO) Company Overview

Table 14      Arabian Agricultural Services Company (ARASCO) Financial Overview

Table 15      Al Muhaidib Group Company Overview

Table 16      Al Muhaidib Group Financial Overview

Table 17      Taya Feed Mill Co. Company Overview

Table 18      Taya Feed Mill Co. Financial Overview

Table 19      Saudi Mix Company Overview

Table 20      Saudi Mix Financial Overview

Table 21      al-robaie Company Overview

Table 22      al-robaie Financial Overview

Table 23      First Mills Company Overview

Table 24      First Mills Financial Overview