Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Billion |
|---|---|
| 2018 | 0.2478893636749029 USD Billion |
| 2019 | 0.2547288764371468 USD Billion |
| 2020 | 0.26184945944639026 USD Billion |
| 2021 | 0.27027438340582516 USD Billion |
| 2022 | 0.2789675132432138 USD Billion |
| 2023 | 0.28755576540700534 USD Billion |
| 2024 | 0.2982216431757419 USD Billion |
| 2025 | 0.3092798835356057 USD Billion |
| 2026 | 0.32074477177811694 USD Billion |
| 2027 | 0.33263110646537836 USD Billion |
| 2028 | 0.3437994392503512 USD Billion |
| 2029 | 0.35533890044993965 USD Billion |
| 2030 | 0.3672616598972287 USD Billion |
| 2031 | 0.3795802795374057 USD Billion |
| 2032 | 0.392307725760803 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
Egypt is one of the leading markets for animal feed additives in the Middle East and Africa region. Animal feed additives play a critical role in improving animal health, production performance, and profitability of livestock operations. The country is expected to experience remarkable growth in the demand for animal feed additives over the coming years primarily due to the growing demand for meat, poultry and dairy products as well as a developing industrial livestock sector. In Egypt, the demand for animal feed additives is primarily driven by factors such as a rising trend towards improved livestock nutrition, increased meat consumption, growth in the poultry industry, growth in gene-based medicine, and a government focus on creating awareness and initiating programs for animal feed nutrition. Government initiatives such as importing atomized diet residue for livestock feed production, setting up feed lot centers to increase productivity and profit, and awarding of subsidies to encourage the use of animal production technologies, are expected to propel the demand for animal feed additives in the country during the outlook period.
The Egyptian government is emphasizing the development of non-conventional feed ingredients, such as aqua feed, fortified maize, vegetable proteins, and feed supplements, to reduce the cost and improve the feed quality. Furthermore, the Egyptian government subsidizes animal feed production, which is expected to boost the demand for animal feed additives over the forecast period. Furthermore, the increase in demand for pet food due to the growing trend of pet adoption in the country is likely to fuel the demand for animal feed additives in the coming years. Livestock breeders, feed millers and pet food makers are continually working to improve the health and productivity of livestock by developing novel and different feed strategies. In the coming years, the feed additives market is projected to be driven by the rising number of large-scale livestock production systems, advancements in technology, growing demand for animal-based proteins, and growing investment in research and development and product innovation. These factors are expected to boost the demand for animal feed additives in Egypt during the outlook period.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.