The size of the European feed vitamin market was valued at USD 4.20 billion in 2023 and is anticipated to reach USD 4.26 billion in 2024 from USD 4.81 by 2032, growing at a CAGR of 1.52% during the forecast period 2024 to 2032. The European market is very diverse, fast-changing, and predicted for very high growth.
Feed Vitamins are given to farm animals when their vitamin requirement is not fulfilled by dietary supplements. These are necessary for the animals as their deficiency can cause various diseases and growth can be hindered. Essential vitamins include Vitamin A, which is required for milk production, growth, and reproduction. Vitamin D helps in consuming calcium and phosphorus. Vitamin B is essential for monogastric animals and young calves. Vitamin E is essential for the hatching of eggs.
The level of vitamins should be maintained in the bodies of livestock, which makes it necessary to give feed vitamins to them. Hence increasing the growth of the market. There is a huge disease outbreak among the livestock, which increases health concerns and awareness for well-being and drives the fee vitamin market.
The only drawback is the expenses during processing and for raw materials.
Including swine, ruminants, poultry, aquatic animals, and others. They are either single-functioned or multi-functioned. Based on formulation, they are divided into liquid, dry, and other (powder, pellet). Poultry is the largest and fastest-growing segment due to the increase in population and, hence, the increase in the demand for meat and eggs.
Major companies dominating the Europe feed vitamin market are S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiang Medicine Company Ltd., Pharmative LLC, North China Pharmaceutical Corporation, Archer Daniels Midland Company, Evonik Industries and DSM N.V.
Frequently Asked Questions
The current size of the European feed vitamin market is estimated to be USD 4.20 billion in 2023, showcasing steady growth and a substantial presence in the global market.
Germany is a frontrunner in the consumption of feed vitamins in Europe, with a significant market share attributed to its advanced livestock industry and sustainable farming practices.
The poultry sector is a major contributor to the demand for feed vitamins in the United Kingdom, emphasizing the crucial role of vitamins in supporting poultry growth, immunity, and overall health.
The regional variations exist, but commonly used vitamins in Western Europe include vitamin A, vitamin E, vitamin D, and various B vitamins, addressing specific nutritional needs in different livestock sectors.
The pandemic initially caused disruptions, but the Europe Feed Vitamin Market has shown resilience, adapting to challenges, and is expected to recover steadily with a focus on animal health and nutrition.
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