Feed Vitamin Market

Feed Vitamin Market Share and Forecast 2022 - 2027:

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 their daily meals. These feed vitamins become necessary sometimes as deficiency of vitamins 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 that 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 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.   

REPORT COVERAGE:

Market Segmentation:

Mainly the feed vitamin market is segmented based upon the

Type of Vitamin:

• Vitamin A

• Vitamin B

•  Vitamin C

•  Vitamin D

• Vitamin E

• Vitamin K

Type of livestock:

• Swine

• Ruminants

• Poultry

• Aquatic animals

• Others.

On the basis of 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 egg is increased.

Regional Forecast Report:

Geographically the market is segmented into

• 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 Players of Feed Vitamin 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.