The North America feed vitamin market is estimated to reach USD 3.21 billion by 2026 from USD 2.12 billion in 2021 by growing at a CAGR of 1.39 %. North America vitamin feed market stands after Asia Pacific and Europe. US holds the largest share in the region followed by Canada. Dominance of US is because of its large geographical size, economy and favorable climatic conditions.
Animal feed vitamins are given to the livestock for enhancing their diets. Deficiency of vitamins can cause several diseases along with restricted growth of animals and vitamin feed fulfills the deficiency. These are given to the animals for improving their health and obtaining good yield of products like meat, egg and milk. Vitamin A, D, E and B are the major vitamins required through feed.
Drivers and Restraints of North America Feed Vitamin Market:
There are various factors which drive the market such as awareness regarding health, high income, rise in demand for high quality meat and many others. There is a shift observed in consumers towards these types of feed which is also driving the market. The only restrain for the market is high cost of these feeds as the raw materials are also costly.
North America Feed Vitamin Market – By Livestock:
North America Feed Vitamin Market – By Formulation:
Key players in the market are S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V.
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