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Feed Vitamin Market is expected to grow at a CAGR of 2.4% and reach USD 9.32 billion by 2023

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Feed Vitamin Market By Type Of Vitamins, By Livestock Type, By Formulation (Liquid, Dry And Others (Powder, Pellet)), By Function (Single Functioned And Multi Functioned) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

Feed Vitamin Market Overview

Feed vitamins are food supplements which are given to farm animals as they are incapable to get enough vitamins from the daily meals. These feed vitamins become needed some time as deficiency of vitamin causes many diseases and hinder the growth of animals. Modern feeds are produced by selecting ingredients which provide a huge nutrition diet to livestock for their better health and for obtaining good end products like milk, egg, and meat. These are externally supplied to the animals to improve growth and yield of animals.

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Majorly there are four Vitamins which are involved in the animal feed. Vitamin A is mostly needing in the animals which are necessary for growth, reproduction and milk production. Vitamin D is rich in animals and is required to consume the calcium and phosphorus present. Vitamin B group is usually not required for the livestock as it gets synthesized in their rumen but young calves and monogastric animals need it. Vitamin E is essential for the prevention of paralysis and also for hatching of eggs. These feeds are utilized by poultry and dairy farmers. Feed vitamins have been considered as a necessity for all livestock which drives the animal feed market. Rising health concerns due to the disease outbreak in livestock and boost in demand for high-quality meat are driving the market. The huge cost of processing and raw materials is hindering the growth of the market.  

Feed Vitamin Market Report (2018-2023)

Feed Vitamin Market is expected to grow at a CAGR of 2.4% and reach USD 9.32 billion by 2023 from USD 8.28 billion in 2018.

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Feed Vitamin Market Segmentation

Mainly the feed vitamin market is classified based upon the type of Vitamins into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K. By type of livestock include swine, ruminants, poultry, aquatic animals and others. They are both single functioned or multi-functioned. On the basis of formulation, they are classified into liquid, dry and others (powder, pellet). Poultry is the highest and quickest growing segment because of the increase in population and hence the demand for meat and egg is increased.

Geographically the market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The Asia Pacific drives the market with the largest number of shares and is likely to be the fastest growing region as well. Europe is the second biggest market. China is the world’s highest producer and consumer of vitamin feeds due to larger disposable incomes, rising middle-class population and changing personal health perception.

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Market Competition Analysis Report: 

This market is dominated by the companies like S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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