Water-Soluble Vitamin And Mineral Feed Supplements Market

Water-Soluble Vitamin and Mineral Feed Supplements Market Size, Growth, Trends and Forecast:

The Water-Soluble Vitamin and Mineral Feed Supplements Market was worth USD 8.33 billion in 2021 and estimated to be growing at a CAGR of 5.7%, to reach USD 10.99 billion by 2026. The gaining importance of the market can be accounted to increasing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming and increasing consumer awareness.Vitamins and Minerals are essential for all the livestock as they play an important role in all the life stages. Vitamin and Mineral Feed Supplements ensure that the livestock is being provided the requisite amount of Vitamins and Minerals essential for their growth and well being. They have gained global reputation as they enhance the health of livestock thereby enhancing the quality of products obtained from them. For example Ruminant vitamin and mineral feed supplements ensure proper milk producing capacity and disease prevention.

Drivers and Restraints of Water-Soluble Vitamin and Mineral Feed Supplements Market:

The main drivers for the growth of this market are increase in daily consumption of livestock meat, increase in use/consumption of by-products from livestock, increasing global population and increasing consumer awareness. However, the low adoption rate and the high cost of raw material required for the synthesis of vitamins and mineral supplements are the challenges to be tackled. Additionally, technological advancements in synthesis of these supplements provide growing potential for the market.

WATER-SOLUBLE VITAMIN AND MINERAL FEED SUPPLEMENTS MARKET  REPORT COVERAGE:

Water-Soluble Vitamin and Mineral Feed Supplements Industry Segmentation:

Water-Soluble Vitamin and Mineral Feed Supplements Industry – By Vitamin type:

• Vitamin B1

• Vitamin B2
• Vitamin B3
• Vitamin B5
• Vitamin B
• Vitamin B9
• Vitamin C

 Water-Soluble Vitamin and Mineral Feed Supplements Industry – By Mineral type:

• Potassium Sources
• Calcium Sources
• Phosphorus Sources
• Magnesium Sources
• Sodium Sources, Iron Sources
• Zinc Sources
• Copper Sources
• Manganese

Water-Soluble Vitamin and Mineral Feed Supplements Industry – By Livestock:

• Poultry
• Swine
• Ruminant
• Aquaculture

Geographical Classification of the Water-Soluble Vitamin and Mineral  Market:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Rest of the World

Regional Analysis of Water-Soluble Vitamin and Mineral Industry:

Based on geographical analysis the market is categorized into regions of North America, Asia-Pacific, Europe, Latin America and 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. Asia-Pacific is holding the largest share in the market accounting to its huge population and Middle East is the fastest growing market.

Competitor Analysis and Key Players Mentioned in this Market are:

1. BASF SE
2. Alltech
3. Lonza Group AG
4. Nutreco N.V.
5. Archer Daniels Midland Company
6. DLG Group
7. Royal DSM N.V.
8. Kemin Industries
9. BlueStar Adisseo
10. InVivo Group