South America Animal Feed Vitamin Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Regional

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South America 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. Increasing health concerns due to the disease outbreak in livestock and increase in demand for high-quality meat are driving the market. 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.

South America Animal Feed Vitamin Market Size & Growth:

In South America

South America 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

animal feed vitamin market was valued to be nearly $3.01 billion in 2017 and is projected to reach over $3.85 billion by the end of 2025 with a CAGR of almost 4.73% during 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 vitamins. 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.

South America Animal Feed Vitamin Market Share:

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South America 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

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