The Middle East and Africa Water-Soluble Vitamin and Mineral Feed Supplements Market was worth USD 0.51 Billion in 2021 and estimated to be growing at a CAGR of 15%, to reach USD 0.76 Billion by 2026. The gaining popularity of the market can be accredited to growing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming and increasing consumer cautiousness.
Vitamins and Minerals are crucial for all the livestock as they have an important role in all the life stages. Vitamin and Mineral Feed Supplements make certain that the livestock is being provided the mandatory amount of Vitamins and Minerals required for their growth and health. They are recognized globally as they enrich the health of livestock thereby enhancing the quality of products gained from them. For example Ruminant vitamin and mineral feed supplements ensure proper milk producing capacity and disease prevention.
Increase in consumption of livestock meat, increase in use/consumption of by-products from livestock, growing population and increasing consumer awareness are the major factors accountable for the growth of market. Nevertheless, the low adoption rate and the high cost of raw material mandatory for the manufacture of vitamins and mineral supplements are the factors responsible for slowing down the growth of market. Moreover, technological advancements in synthesis of these supplements provide growing potential for the market.
Middle East and Africa Water-Soluble Vitamin and Mineral Feed Supplements Market – By Vitamin Type:
Middle East and Africa Water-Soluble Vitamin and Mineral Feed Supplements Market – By Mineral Type:
Middle East and Africa Water-Soluble Vitamin and Mineral Feed Supplements Market – By Livestock:
Based on geographical analysis the market is characterised into regions of Middle East and Africa. Vitamin B3 is the most widely used in Vitamin Feed supplement market due to its high importance in life stages of all livestock. Potassium sources is most widely used in Mineral Feed Supplement Market as it is an essential component of enzymes. Middle East is holding the largest share in the market accounting to its huge population and is also the fastest growing market.
Some of the key companies dominating the market include BASF SE, Alltech, Lonza Group AG, Nutreco N.V., Archer Daniels Midland Company, DLG Group, Royal DSM N.V., Kemin Industries, BlueStar Adisseo, InVivo Group.
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