Global Water-soluble Vitamin & Mineral Feed Supplements Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Water-soluble Vitamin & Mineral Feed Supplements Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global water-soluble vitamin & mineral feed supplements market report has been segmented on the basis of product type, livestock, and region.
Global Water-soluble Vitamin & Mineral Feed Supplements Market: Overview
Feed supplements are feed additives that include minerals, vitamins, fatty acids, and amino acids. They fulfill the requirement of nutrients as for farm animals, they cannot be fulfilled by a regular diet. Feed supplements not only help to maintain the good health of the farm animals but also improve their digestibility, Intestinal health, and hygiene.
Global Water-soluble Vitamin & Mineral Feed Supplements Market: Dynamics
The major factor driving growth of the global water-soluble vitamin & mineral feed supplements market is growing livestock sector, especially developing countries. In addition, awareness regarding the availability of various types of feed supplements in developed countries is another factor supporting growth of the global market. Government regulations in various countries that support feed supplements is a factor expected to propel growth of the target market. Furthermore, requirement prevention of outbreaks of disease is a key factor expected to fuel growth of the global water-soluble vitamin & mineral feed supplements market.
However, lack of awareness regarding storage and preparation of feed supplants among individuals in developing and under-developed countries could affect growth of the global water-soluble vitamin & mineral feed supplements market. Nevertheless, growing adoption of nutrition supplements for cows, sheep, goats, etc. can create high revenue opportunities for key players in the target market.
Global Water-soluble Vitamin & Mineral Feed Supplements Market: Segment Analysis
Among the product type segments, the vitamin B3 sub-segment in the vitamins type segment accounts for major share in terms of revenue and anticipated to maintain its position in the near future. Rising awareness regarding initiatives for reduction of disease outbreaks among end users is a factor driving growth of this vitamin B3 sub-segment in the global market. Potassium sub-segment in the mineral type segment accounts for a significant share in terms of revenue and expected register lucrative growth over the forecast period. Increasing demand for mineral feet supplements to increase the production of milk, meat, and eggs is a factor fueling growth of this segment in the target market.
Global Water-soluble Vitamin & Mineral Feed Supplements Market: Regional Analysis
Currently, market in the Asia Pacific dominates the global market in term of revenue and is expected to maintain its dominance over the forecast period. Increasing adoption vitamins as they help to build a strong metabolism and provide immunity against diseases is a key factor propelling growth of the target market in this region. In addition, the presence of organized farming in aquaculture and poultry industries is another factor supporting growth of water-soluble vitamin & mineral feed supplements market in countries in the Asia Pacific. The market in Latin America is expected to register high growth in terms of revenue in the near future. Government regulations in countries in this region, as well as the prominence of organized farming practices, are factors anticipated to fuel growth of the target market.
Global Water-soluble Vitamin & Mineral Feed Supplements Market Segmentation:
Segmentation by Product Type:
- Vitamins Type
- Vitamin C
- Vitamin B1
- Vitamin B2
- Vitamin B3
- Vitamin B5
- Vitamin B6
- Vitamin B9
- Others (Vitamin B12 & Vitamin B7)
- Mineral Type
- Others (Sulphur, Cobalt, Iodine, etc.)
Segmentation by Livestock:
- Others (Horses and Pets)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Vitamins Type
- Alltech, Inc.
- Nutreco N.V.
- Royal DSM N.V.
- DLG Group
- Invivo NSA
- BASF SE
- Archer Daniels Midland Company
- Kemin Industries, Inc.
- Lonza Group AG
- BlueStar Adisseo Co.
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