The Asia Pacific feed vitamin market is expected to reach USD 5.1 billion in 2026 from USD 7.48 billion in 2021 by growing at a CAGR of 3.36%. Asia Pacific is the largest market for animal feed vitamins market owing to the heavy livestock population and poultry feed is the largest segment for the vitamin market. It is also the fastest growing region in the market mainly due to increased demand for quality meat and increased mass production of meat.
Feed vitamins provide essential vitamins to the farm animals which they are unable to take from their regular diet in adequate amount. The modern feeds are made out of specific and best ingredients to provide high nutrition level, better health and disease prevention. Feed vitamins are mainly used by dairy animals and poultry animals.
Drivers and Restraints of Asia Pacific Feed Vitamin Market:
The key drivers for the market are necessity of vitamins for livestock, rise in health concern due to disease outbreak in livestock, increase in demand for high quality meat, egg and milk. While in the Asia pacific region the population is a major factor for increase in production of feed vitamin. Restraint for the market are high cost of raw materials and processing.
Mainly the feed vitamin market is segmented into type of livestock including swine, ruminants, poultry, aquatic animals and others. They are either single functioned or multi functioned. On the basis of formulation, they are divided into liquid, dry and others (powder, pellet). Poultry is the largest and fastest growing segment due to increase in population and hence increase in the demand of meant and egg.
Leading companies in the market are 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.
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