Global Animal Feed Vitamin Market – Size, Outlook, Trends and Forecast (2024

Global Animal Feed Vitamin Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Feed vitamins are food supplements which are given to farm animals as they are unable to get enough vitamins from the daily meals. Vitamins become necessary sometime as deficiency of vitamin causes many diseases and also hinder the growth of animals. Feed vitamins have been considered very essential for all livestock which drives the animal feed market. Increasing health concerns due to the disease outbreak in livestock and increase in demand for high-quality meat are driving the market.

Global Animal Feed Vitamin Market Size & Growth:

Animal feed vitamin market was valued to be nearly $22.65 billion in 2017 and is projected to reach over $29.47 billion by the end of 2025 with a CAGR of almost 4.18% during the forecasting period. Increasing number of the meat consuming population is driving the growth of the market. As growing industrialisation in the meat production business and changing food habits of customers, creating demand for meat with specific texture and flavour has indirectly increased the sales of feed vitamin. Increase in the share of poultry among the livestock has helped to raise the demand for the animal feed vitamins in the market. Growing awareness against the excessive use of chemicals has caused the government to have stringent regulations, especially for imported foodstuff. Demand for raw materials is rapidly growing; it is restricting the growth of animal feed vitamin market.

Global Animal Feed Vitamin Market Share:

Animal feed vitamin market is classified by type, by livestock type, by formulation, by function, by geography. There are various factors which drive the market such as awareness regarding health, high income, the rise in demand for high-quality meat and many others. Majorly there are two vitamins, vitamin A and vitamin E which are included in the animal feed. Vitamin A mostly lacks in the

Global Animal Feed Vitamin Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

animals those are essential for growth, reproduction and milk production. Vitamin A helps to maintain the internal and external linings and is critical for a healthy reproductive tract. Vitamin A is not readily available in most of the feeds, and the lack of it affects the eyes of the livestock. Signs of a vitamin A deficiency include that of watery eyes, a rough hair coat, and most importantly reduction of the growth rate in the livestock. Vitamin E is necessary for the prevention of paralysis and also for hatching of eggs. A lack of vitamin E also causes failure in the reproductive system. An integration of vitamin E also helps to stabiles the oxidisation in the feed. Alfalfa is an excellent source of vitamin E.

Regarding livestock type, the swine and poultry play a vital role in the growth of the market. Feed vitamins play an important role in poultry diets to improve growth efficiency and laying capacity. Improvement in nutritional management techniques along with development in technology for animal breeding should favour product demand for poultry production applications. Poultry is the largest and fastest growing segment due to the increase in population, and hence the demand for

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Global Animal Feed Vitamin Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

meat and egg is increased, which in turn has led the growth of the feed vitamins. In swine there is demand for high-quality pork, growing income of the middle-class population that need to meet the demand-supply gap has fuelled the growth of the feed vitamins market.

Concerning formulation, the market is divided into liquid, dry. The dry form of feed has more demand among animal producers as they are easy to mix with feed. The ease of storage & handling and transportation & cost advantages over liquid form are also some of the factors that drive

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