Global Feed Vitamin Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type Of Vitamins (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E and Vitamin K.), Livestock Type (Swine, Ruminants, Poultry, Aquatic Animals and Others), Formulation (Liquid, Dry and Others (Powder, Pellet)), Function (Single Functioned and Multi Functioned) and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Industrial Analysis (2024 to 2029)

Updated On: January, 2024
ID: 539
Pages: 175

Global Feed Vitamin Market Size (2023 to 2028)

The global feed vitamin market is expected to be valued at USD 10.56 billion in 2023 and reach a valuation of USD 11.89 billion by 2028. It is predicted to register at a CAGR of 2.4% during the forecast period from 2023 to 2028.

Feed vitamins are food supplements that are given to farm animals as they are unable to get enough vitamins from their daily meals. These feed vitamins become necessary sometimes as deficiency of vitamins causes many diseases and hinders the growth of animals. Modern feeds are produced by selecting specific ingredients that provide a high-nutrition diet to livestock for their better health and for obtaining good end products like milk, eggs, and meat.

Majorly four vitamins are included in the animal feed. Vitamin A is mostly lacking in animals which are essential for growth, reproduction, and milk production. Vitamin D is abundant in animals and is required to consume the calcium and phosphorus present. Vitamin B group is generally not required for the livestock as it gets synthesized in their rumen but young calves and monogastric animals need it. Vitamin E is necessary for the prevention of paralysis and for the hatching of eggs. These feeds are used by poultry and dairy farmers.

Feed vitamins have been considered very essential for all livestock which drives the animal feed market. Increasing health concerns due to the disease outbreak in livestock and an increase in demand for high-quality meat are driving the market.

The high cost of processing and raw materials is hindering the growth of the market.   

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

2.4%

Segments Covered

By Type of Vitamin, Type of livestock, Formulation and Region

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

like 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.

 

This research report on the global feed vitamins market has been segmented and sub-segmented based on vitamin type, livestock, formulation and region.

Global Feed Vitamin Market – By Type of Vitamin:

  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin D
  • Vitamin E
  • Vitamin K

Global Feed Vitamin Market - By Type of Livestock:

  • Swine
  • Ruminants
  • Poultry
  • Aquatic animals
  • Others

Global Feed Vitamin Market - By Formulation:

  • Liquid
  • Dry
  • Others (powder, pellet)

Poultry is the largest and fastest-growing segment due to the increase in population and hence the demand for meat and eggs is increased.

Global Feed Vitamin Market – By Region:

  • North America
  • Europe
  •  Asia Pacific
  • Latin America
  • Middle East and Africa

The Asia Pacific leads the market with the highest number of shares and is likely to be the fastest-growing region as well. Europe is the second-largest market. China is the world’s largest producer and consumer of vitamin feeds due to higher disposable incomes, increasing the middle-class population, and changing personal health perception.  

KEY MARKET PLAYERS:

This market is dominated by companies like 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.

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Frequently Asked Questions

what is the current market size of the global feed vitamins market?

The global feed vitamin market is expected to be valued at USD 10.56 billion in 2023.

Which region dominates the Global Feed Vitamins Market?

Currently, Asia-Pacific holds the largest share in the Global Feed Vitamins Market, accounting for approximately 2.4% of the total market.

What factors contribute to the growth of the Global Feed Vitamins Market in North America?

In North America, the increasing demand for high-quality animal products and the focus on animal nutrition for improved health and productivity are key factors driving the growth of the Feed Vitamins Market.

In Europe, emerging trends include the incorporation of organic and natural feed vitamins, reducing environmental impact, and promoting sustainable and ethical farming practices.

In Europe, emerging trends include the incorporation of organic and natural feed vitamins, reducing environmental impact, and promoting sustainable and ethical farming practices.

who are the key market players involved in the Feed Vitamins Market?

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.

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