Global Animal Feed Vitamin Market is projected to grow at a significant CAGR from 2017 to 2025
When the normal dietary supplements are not enough for the daily nutrient requirement for animals, feed vitamins are given to animals as the deficiency in nutrients can cause various diseases and hinder growth amongst them. Based on type, the market is segmented into vitamin A, vitamin B, vitamin C, Vitamin D, Vitamin E and Vitamin K. Different vitamins serve different purposes but all are equally important. Vitmain A is required for reproduction, growth and production of milk from animals, vitamin D helps the body to absorb and provide calcium and phosphorus, vitamin B is mainly used for young calves and monogastric animals, vitamin E plays an important role in the hatching of animal eggs. Vitamin E and Vitamin B are the most consumed Vitamins types in animal feed. The level of vitamins in the body of the livestock needs to be maintained; this ought to help create demand for animal feed vitamins across the world. Recent events like outbreaks of deadly diseases amongst livestock has established why animal feed vitamins are required and helped boost the growth of the market.
The market research report is designed to provide a complete view on the global Animal Feed Vitamin market. The market study has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Animal Feed Vitamin market has been studied considering a short term forecast of the factors/ variables which have an impact on Animal Feed Vitamin market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitor analysis of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Animal Feed Vitamin Market
The global Animal Feed Vitamin market has been studied from the year 2016 till 2025. However, the CAGR provided in the market report is from the year 2017 to 2025. The market research method involved three stages: Desk research, Primary survey research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Animal Feed Vitamin market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, demand forecasting, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Animal Feed Vitamin, and customer analytics.
Global Animal Feed Vitamin Market Segmentation
Based on livestock, the market is segmented into swine, ruminants, poultry, aquatic animals and others. The swine segment accounted for the largest share in the global animal feed vitamin market due to high consumption of pork in most western countries. Poultry is the fastest growing segment due to global demand for meat & eggs, and post the bird flu epidemic. Based on function, they are either single functioned or multi functioned. The multi-function segment accounted for the largest segment and is also projected to be the fastest-growing market during the forecast period. Based on formulation, the market is divided into liquid, dry and others (powder, pellets). The liquid segment captures majority of the market share due to their low costs, relatively longer shelf life and ease of applicability.
End-User Landscape (Consumer Profile): Animal Feed Vitamin Market
Companies such as Zhejiand Medicine Company Ltd., BASF SE, CSPC Pharmaceutical Group Ltd., and Cargill, among others are investing extensively in the manufacturing and sale of Animal Feed Vitamin, which presents a huge opportunity to Animal Feed Vitamin suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Zhejiand Medicine Company Ltd., BASF SE, CSPC Pharmaceutical Group Ltd., Cargill, Pharmative LLC, Archer Daniels Midland Company, and North China Pharmaceutical Corporation, among others account for the major share in Animal Feed Vitamin market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Evonik industries, DSM N.V., Vitafor, and DTS Food Laboratories.
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