The Asia Pacific feed-grade vitamin market is expected to reach USD 120.53 billion in 2024 and reach USD 167.48 billion by 2029, growing at a CAGR of 6.8% from 2024 to 2029.
Vitamin A has several functions in animal bodies. The functions include growth and development of the body, vision, mucous membranes, reproduction, and maintenance of the immune system. The deficiency of vitamin A results in stress-related disorders, increased susceptibility to infections, stone formation in urinary tracts, night blindness, and formation of ulcers.
Some animals, such as dogs and sheep, are capable of converting carotene present in plants into vitamin A with the help of certain enzymes. Cattle, chicks, and horses are unable to convert carotene into vitamin A. Hence, they are needed to have vitamin A content in their feed. Several products that contain feed-grade vitamin A are available on the market for this purpose. However, excess consumption of vitamin A can cause toxicity issues.
Increasing demand for meat and its related products has resulted in an increase in the population of cattle and poultries. This, in turn, increased the demand for feed-grade vitamin A products. The thriving trend of raising companion animals, increasing occurrence of animal infections, and innovations in animal feed products are propelling the market growth. However, a lack of awareness among the farmers regarding the supplements and less market penetration of these products are hindering the market growth.
This research report on the Asia-Pacific feed-grade vitamin A market is segmented and sub-segmented into the following categories:
Asia Pacific Feed Grade Vitamin A Market – By Product:
Asia Pacific Feed Grade Vitamin A Market – By End Users:
Livestock farms hold the largest market share in end user segment. It is due to the increasing demand for healthy and nutritional feed for farm animals. Due to the increasing trend of raising companion animals, pet stores segment for feed grade vitamin A is rapidly growing.
Asia Pacific Feed Grade Vitamin A Market – By Country:
On the basis of region, the Asia Pacific Feed Grade Vitamin A market is categorized into China, India, Japan, Australia and South Korea. China leads the market in this region as it is the second largest livestock producer in the world. Though India is the world’s largest livestock producer, due to the lack of awareness and less market penetration, it is next to China in Feed grade vitamin A market.
KEY MARKET PLAYERS:
Some of the major players in the grade vitamin A market are BASF, Zhejiang NHU, Kingdomway, Adisseo, Zhejiang Medicine, and DSM.
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