Feed Vitamin Market is expected to grow at a CAGR of 2.4% and reach USD 12.28 billion by 2026 from USD 10.32 billion in 2021.
Feed vitamins are food supplements that are given to farm animals as they are unable to get enough vitamins from the daily meals. These feed vitamins become necessary sometime as deficiency of vitamin causes many diseases and also 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 also for obtaining good end products like milk, egg, and meat.
Feed Vitamin Market Objectives:
Majorly there are four Vitamins which are included in the animal feed. Vitamin A is mostly lacking in the 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 also for the hatching of eggs. These feeds are used by poultry and dairy farmers.
Feed Vitamin Market Drivers:
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.
Mainly the feed vitamin market is segmented based upon the type of Vitamins into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E and Vitamin K. Type of livestock include 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 the increase in population and hence the demand for meat and egg is increased.
Regional Forecast Report:
Geographically the market is segmented into North America, Europe, Asia Pacific, Latin America and the 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 Players of Market:
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.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Vitamin Type
5.1.1 Vitamin A
5.1.2 Vitamin B
5.1.3 Vitamin C
5.1.4 Vitamin D
5.1.5 Vitamin E
5.1.6 Vitamin K
5.2 By Livestock Type
5.2.1 Swine
5.2.2 Ruminants
5.2.3 Poultry
5.2.4 Aquatic Animals
5.2.5 Others
5.3 By Formulation
5.3.1 Liquid
5.3.2 Dry
5.3.3 Others (Powder, Pellet)
5.4 By Function
5.4.1 Single Functioned
5.4.2 Multi Functioned
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Argentina
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 S.A.S
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Aland BASF SE
8.3 CSPC Pharmaceutical Group Ltd.
8.4 Zhejiand Medicine Company Ltd.
8.5 Pharmative LLC
8.6 North China pharmaceutical Corporation
8.7 Archer Daniels Midland Company
8.8 Evonik industries
8.9 DSM N.V.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
