GCC Animal Feed Market Outlook

The gcc (gulf cooperation council) animal feed market outlook for 2018-2032 forecasts that the market will witness sustained growth from its strong agricultural base, increased government investment in the industry, and rising pet ownership in the region. demand for animal feed is continuously growing in the gcc states due to the expansion of the dairy, egg, pork, and poultry sectors. a growing population and wider use and consumption of animal proteins also represent a growing potential in the region. the demand for animal feed has consequently increased from 0.45 million metric tons in 2013 to 1.06 million metric tons in 2018. government investments are key to the growth of the gcc animal feed market due to their emphasis on improving infrastructure and agriculture production in the region. governments are encouraging increased industrial animal production and feeding through subsidized feed and feed ingredients, such as wheat and barley, from local resources. this in turn has lead to an increased number of intensive animal farming operations which rely heavily on animal feed. the increasing popularity of pets, particularly cats and dogs, are also fuelling the growth of the gcc animal feed market. for instance, millennials are more likely to delay marriage and parenthood and invest in pet ownership, propelling the demand for quality animal feed in the region. furthermore, the rising demand for organic, natural and value-added animal feed has positively impacted the gcc animal feed market. increasing health consciousness among consumers has encouraged them to purchase high-value animal feed products. to address the changing preferences of customers, manufacturers are also introducing premium flavours, colours, and blends. by 2032, the gcc animal feed market is projected to reach 4.9 million metric tons in volume terms. to meet this demand, the market is likely to require an abundance of raw materials, such as corn, soybeans, cereals and other grains, as well. moreover, technologies such as tissue engineering, gene-editing, and 3d printing are expected to have a significant impact on the production and quality of feed ingredients used in the gcc animal feed market.