The North America Water-Soluble Vitamin Feed Supplements Market was worth USD 2.16 billion in 2021 and estimated to be growing at a CAGR of 5.8%, to reach USD 2.82 billion by 2026. The gaining significance of the market can be attributed to increasing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming and increasing consumer awareness.
Vitamins and Minerals make up some the most important body functions in any living being. Lack or deficiency of these components causes these functions to ease which may prove to be fatal or causes serious illness. Livestock contribute to food production by their products or by their services. To ensure their health they must be supplied adequate amount of vitamins and minerals to carry out these body functions. Vitamin and Mineral Feed supplements ensure the adequate mineral and vitamin supply in their feed.
Drivers and Restraints of North America Water-Soluble Vitamin Feed Supplements Market:
The primary factors accounted for the growth of market are increase in daily intake of livestock meat, increase in use/consumption of by-products from livestock, increasing population and increasing consumer awareness. Conversely, the low adoption rate and the high cost of raw material required for the fabrication of vitamins and mineral supplements are restraining the market from growing. Also, technological advancements in synthesis of these supplements provide growing potential for the market.
North America Water-Soluble Vitamin Feed Supplements Market – By Vitamin Type:
Vitamin B1
North America Water-Soluble Vitamin Feed Supplements Market – By Mineral Type:
North America Water-Soluble Vitamin Feed Supplements Market – By Livestock:
Geographical Analysis:
Based on geographical analysis the market is segmented into regions of Canada and United States of America. 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. United States is holding the largest share in the market due to its huge population and Canada is the fastest growing market.
Key Players:
Some of the key firms occupying 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.
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 Epidemology
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 Vitamin Type
5.1.1 Introduction
5.1.2 Vitamin B1
5.1.3 Vitamin B2
5.1.4 Vitamin B3
5.1.5 Vitamin B5
5.1.6 Vitamin B6
5.1.7 Vitamin B9
5.1.8 Vitamin C
5.1.9 Other Vitamins
5.1.10 Y-o-Y Growth Analysis, By Vitamin Type
5.1.11 Market Attractiveness Analysis, By Vitamin Type
5.1.12 Market Share Analysis, By Vitamin Type
5.2 Mineral Type
5.2.1 Introduction
5.2.2 Potassium Sources
5.2.3 Calcium Sources
5.2.4 Phosphorus Sources
5.2.5 Magnesium Sources
5.2.6 Sodium Sources
5.2.7 Iron Sources
5.2.8 Zinc Sources
5.2.9 Copper Sources
5.2.10 Manganese Sources
5.2.11 Other Minerals
5.2.12 Y-o-Y Growth Analysis, By Mineral Type
5.2.13 Market Attractiveness Analysis, By Mineral Type
5.2.14 Market Share Analysis, By Mineral Type
5.3 Livestock
5.3.1 Introduction
5.3.2 Poultry
5.3.3 Swine
5.3.4 Ruminants
5.3.5 Aquaculture
5.3.6 Others
5.3.7 Y-o-Y Growth Analysis, By Livestock
5.3.8 Market Attractiveness Analysis, By Livestock
5.3.9 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Vitamin Type
6.1.3.3 By Mineral Type
6.1.3.4 By Livestock
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Vitamin Type
6.1.4.3 By Mineral Type
6.1.4.4 By Livestock
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Vitamin Type
6.1.5.3 By Mineral Type
6.1.5.4 By Livestock
6.2 United States
6.3 Canada
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 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Alltech
8.3 Lonza Froup AG
8.4 Nutreco N.V.
8.5 Archer Daniels Midland Company
8.6 DLG Group
8.7 Royal DSM N.V.
8.8 Kemin Industries
8.9 BlueStar Adisseo
8.10 InVivo Group
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.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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