Egypt Compound Feed Market

Description

The Egyptian Compound Feed market has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Cereals and Soybean form the backbone of the compound feed industry. Egypt is an Agriculture-based economy and the abundance of these raw materials in local markets has helped the compound feed industry to thrive. Supplements and raw materials are grounded together to cater a variety of species. Bulk ingredients in the supplement segment include vitamins, minerals, amino acids, antibiotics and colorants of the industry. Adoption of protein-rich and energy-dense eating habits is changing the meat consumption trends in Egypt. This has created an opportunity in the feed industry to improve the quality of animal meat.

Market Dynamics:

Increasing demand for proteins worldwide and the prominent presence of beef and poultry in the local cuisines are some of the factors responsible for the growth of the industry in the region. Increased street food culture, changing food habits and increased financial stability of the middle class has also shaped the meat industry, thus affecting the compound feeds segment. The Recent outbreak of avian influenza in Europe and the hygiene concerns about poultry products had reduced poultry consumption in Europe and restrained the export of poultry feed segment, to some extent.

In June 2014, Egypt made two notifications, which amended Egypt’s meat and meat varieties standards by establishing a zero tolerance level for synthetic animal growth promoters (synthetic hormones) in foodstuffs of animal origin, causing a significant change in the country’s ongoing research in the meat industry. Also, since 2005, to protect its domestic poultry industry, Egypt had banned the import of poultry parts from all origins, claiming halal slaughter concerns. Egypt’s interest in preserving its domestic meat industry is also seen in its compound feed market, where most of the compound feed produced is sold in the domestic market.

Market Segmentation:

On the basis of animal type, the market is segmented into Pork, Beef, Fish and Poultry feed. Beef has traditionally been Egyptians’ first choice, followed by Poultry and Fish. The Compound feed industry is directly related to the meat industry and follows a similar trend, in terms of sales. On the basis of ingredients, the Cereals form the largest segment. The market is also divided further on the basis of additives like antioxidants, vitamins, minerals, amino acids and colorants. Antioxidants are the largest growing segment, amongst the additives.

Geographical Analysis:

The production of Compound feeds in Egypt is mainly confined to the banks of Nile, in the arable lands of Asyut, Sohag, Qena, Luxor and Aswan. Upper Egyptian areas like Alexandria, Beheira and Cairo provide an excellent location for domestic as well as international place.

Key Players

Some of the key players in the industry include Miratorg Agribusiness Holding (Russia), DeKalb Feeds (U.S.), Ballance Agri-Nutrients (New Zealand), Kyodo Shiryo Company (Japan), Wens Group (China), Zheng DA International Group (China), Weston Milling Animal Nutrition (Australia), New Hope Group (China) and Cargill Inc.(U.S.).