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North America Feed Vitamin Market Research Report – Segmented By Type Of Vitamins, Livestock Type, Formulation Type, Function Type, And Country (U.S and Canada) – Industry Analysis on Size, Share, Trends Covid-19 Impact and Growth Forecast 2023 to 2028

Published: March, 2023
ID: 540
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Feed Vitamin Market Size (2023 to 2028)

The North American feed vitamin market is estimated to be valued at USD 2.17 billion in 2023 and USD 2.33 by 2028, growing at a CAGR of 1.39% during the forecast period.

Animal feed vitamins are given to the livestock to enhance 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 to improve their health and obtain good yields of products like meat, eggs, and milk. Vitamins A, D, E, and B are the major vitamins required through feed.

Various factors 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 the high cost of these feeds, as the raw materials are also costly.

This research report on the North American feed vitamins market is Segmented and sub-segmented into the following categories.

North America Feed Vitamin Market – By Livestock:

  • Swine
  • Ruminants
  • Poultry
  • Aquatic animals
  • Others

North America Feed Vitamin Market – By Formulation:

  • Liquid
  • Dry
  • Others

North America Feed Vitamin Market – By Country:

  • US
  • Canada
  • Rest of North America

The North American vitamin feed market stands after Asia Pacific and Europe. The US holds the largest share in the region, followed by Canada. The dominance of the US is because of its large geographical size, economy, and favorable climatic conditions.

KEY MARKET PLAYERS:

Key players in the market are 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. are some key players dominating the North America feed vitamins market.

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FAQ's

What is the current size of the North America Feed Vitamin Market?

The current size of the North America Feed Vitamin Market is estimated at USD 2.17 billion in 2023, with consistent growth projected in the foreseeable future.

Which country in North America dominates the feed vitamin market?

The United States is the leading market for feed vitamins in North America, accounting for a significant share due to its large livestock industry and advanced agricultural practices.

How has the feed vitamin market in Canada evolved in recent years?

In Canada, the feed vitamin market has witnessed steady growth, driven by increased awareness of animal nutrition, advancements in feed formulations, and the modernization of farming practices.

Which livestock sector in the United States contributes the most to the demand for feed vitamins?

The poultry sector is a major contributor to the demand for feed vitamins in the United States, as vitamins play a crucial role in supporting growth, immunity, and overall health in poultry.

What impact has the COVID-19 pandemic had on the North America feed vitamin market?

The pandemic initially led to disruptions, but the North America feed vitamin market has demonstrated resilience, adapting to supply chain challenges, and is expected to recover steadily.

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