USD 2.4 billion
Feed Vitamins Market Size, Share, Growth Analysis, By Type(Vitamin A, Vitamin B, Vitamin C, Vitamin E), By Application(Ruminants, Poultry, Swine, Aquaculture), By Region - Industry Forecast 2024-2031
Report ID:
SQSG15E2027 |
Region:
Global |
Published Date: July, 2001
Pages:
237
|Tables:
67
|Figures:
75
Feed Vitamins Market Insights
Feed Vitamins Market size was valued at USD 2.4 billion in 2019 and is poised to grow from USD 2.5 billion in 2023 to USD 3.4 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
As deficiency of vitamins can lead to severe health problems in animals, demand for feed vitamins are rising in demand. These feed vitamins aid in growth and well being of the animals. It also provides protection against a variety of illnesses. Product enhancement by adding high nutrition will drive the market’s growth.
Maintenance of farm animals during changing seasons is very important. These animals are susceptible to a variety of diseases therefore, providing them with added nutrition everyday is pivotal. Feed vitamins also improve absorption, ingestion, and assimilation of daily meals.
Increasing industrialization of livestock will drive the market for feed vitamins. Increasing deficiencies in animals and awareness about well being will further fuel market growth.
US Feed Vitamins Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
poultry
Fastest Growth
poultry
Growth Rate
4.5% CAGR
Global Feed Vitamins Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Feed Vitamins Market Segmental Analysis
The global feed vitamins Market is segmented based on type, application, and region. Based on type, the market is segmented into Vitamin A, Vitamin B, Vitamin C, Vitamin E, and Other Types. Based on application, the Feed Vitamins Market is segmented into ruminants, poultry, swine, aquaculture, and other animal types. Based on region, the global Feed Vitamins market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Vitamins Market Analysis by Type
Vitamin A, D3, and E were the most in-demand vitamins segment for the global feed vitamins market in the year 2021. Due to rising demand, animal production must be increased which requires more vitamins. Livestock breeders use vitamin E to feed to boost animals' antioxidant capacity and prevent economic losses. Vitamin E is a neuroprotective antioxidant. Vitamins help pigs grow healthier and more quickly. Apart from gaining weight vitamins and minerals are essential for swine reproduction and aid in the digestion and use of the feed's nutrients, both of which are necessary for the pigs' healthy growth. Vitamin E supplementation in a pig's diet can enhance the flavor of the meat which is a major factor driving the demand for feed vitamins in recent times.
Feed Vitamins Market Analysis by Application
The poultry segment accounted for the largest market share of the feed vitamins market in the year 2021 and is expected to dominate throughout the analysis period. As chickens without enough vitamin E develop encephalomalacia, young birds with exudative diathesis, and humans with a deficiency in the vitamin develop muscular dystrophy. The deterioration of muscle fibers caused by muscular dystrophy threatens the viability of important meat-producing organs like the breast and the legs. In addition, the physiological make-up, age, health, nutritional condition, and function of livestock, such as meat production or egg-laying in poultry birds, have a significant impact on vitamin demand. Dietary vitamin A, D3, and E levels for breeders should be higher than those for broilers. Increased growth, feed efficiency, and oxidative stability in meat have been recorded in broilers that received vitamin supplementation at the optimal dosage which will propel the feed vitamin market growth during the analysis period.
Global Feed Vitamins Market By Application, 2021 (%)
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Feed Vitamins Market Regional Insights
In 2021, the Asia Pacific dominates the global feed vitamin market and the feed vitamin market is expected to be driven by Brazil, the US, India, and China during the analysis period. On the other hand, emerging economies are expected to rapidly embrace poultry supplements throughout the analysis period, which will drive growth in the feed vitamins market. As the majority of the feed for livestock comes from agricultural items such as maize, sorghum, soybean meal, groundnut meal, and rice bran. This dependence on agricultural products is significant. However, as a result of increased requirements for the animal health of livestock and the following widespread adoption of compound feed, several vitamins, such as vitamins A, D, E, and K as well as vitamin B, are increasingly being incorporated into the diets of livestock throughout the region.
North America is also expected to show exponential growth during the forecast period as this region has technologically advanced products along with access to novel technologies. High rate of livestock farms to cater the food industry is bolstering the demand for feed vitamins in this region.
Global Feed Vitamins Market By Geography, 2022 - 2028
- Largest
- Fastest
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Feed Vitamins Market Dynamics
Feed Vitamins Market Driver
Increasing Industrialization of Cattle Business to Bolster Market Growth
- Animal feed is driven by feed vitamins, which are vital for cattle. Demand for quality meat, developing markets, health concerns, and disease outbreaks in livestock have fueled worldwide feed vitamin industry expansion. Industrialization of the cattle business, expansion of the meat market, and changing demographics in Asia-Pacific and South America are key drivers. Disease outbreaks boost vitamin sales. Vitamin A prevents development abnormalities in young animals and protects older animals' epithelia. This has boosted vitamin content in the feed.
Feed Vitamins Market Restraint
High Cost Associated with Raw Materials to Hinder Market Growth
- The expansion of the market is being hampered by the high costs of both the processing and the raw materials that might slow the feed market growth during the analysis period.Governments have implemented severe rules, particularly for imported foods, in response to rising public concern about the use of harmful chemicals. As a result, several countries that produce feed can no longer export their various additives to the European Union, which has increased the demand for feed that contains healthy, nutritious ingredients like vitamins.
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Feed Vitamins Market Competitive Landscape
The Feed Vitamins market is relatively fragmented, with a high level of competition. Few large players, like Adisseo France S.A.S, Archer Daniels Midland Co., and BASF SE, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Vitamins Market Top Player’s Company Profiles
- BASF SE
- Koninklijke DSM N.V.
- Adisseo France S.A.S
- Bluestar Adisseo Co., Ltd.
- Archer Daniels Midland Company
- Cargill, Incorporated
- Nutreco N.V.
- Kemin Industries, Inc.
- Lonza Group Ltd.
- Alltech, Inc.
- Royal Agrifirm Group
- Evonik Industries AG
- VDS Pharma
- Zagro Asia Limited
- Phibro Animal Health Corporation
- Chr. Hansen Holding A/S
- Novus International, Inc.
- Elanco Animal Health Incorporated
- Land O'Lakes, Inc.
- DLG Group
Feed Vitamins Market Recent Developments
- In July 2022, Adisseo and Calysta announced a joint venture and will produce 20,000 tons of FeedKind® Aqua protein annually from the facility in Chongqing, China.
- In July 2022, ADM Animal Nutrition announced its product AminoGain. AminoGain is a protein and vitamin supplement for growing and breeding cattle. ADM has studied how many amino acids animals require to reach their genetic potential over 20 years. AminoGain products are low-dose. Providing a set amount of crude protein in the diet is archaic and leads to overfeeding.
- In May 2022, Lonza and the Israel Biotech Fund announced a collaboration framework agreement that will help portfolio companies develop and make biologics and small molecules. The Israel Biotech Fund will also help portfolio companies get access to the Israeli market.
Feed Vitamins Key Market Trends
Utilizing Various Vitamins to Cater Different Deficiencies will Drive Market Growth
- Vitamin A and E are key fat-soluble vitamins in feed. Vitamin A maintains internal and external linings and a healthy reproductive tract. Vitamin E inhibits PSE in turkeys, not broilers. Vitamin E reduces feed oxidation. Vitamin premix compensates for the lack of vitamins in feed and ensures acceptable levels in poultry and cattle.
- Thiamin, riboflavin, niacin, pantothenic acid, biotin, folic acid, and cyanocobalamin are B vitamins. Vitamin K is essential for prothrombin production, clotting, and coccidiosis protection. Vitamin K deficiency causes blood spots in eggs, limb hemorrhages, and blood clotting failure. Vitamin E is a neuroprotective antioxidant. As ruminants produce more, they need more vitamins. A vitamin premix compensates for the lack of vitamins in feed and ensures adequate vitamin levels in poultry.
Feed Vitamins Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the poultry segment accounted for the largest market share of the feed vitamins market in the year 2021 and is expected to dominate throughout the analysis period. Vitamin A, D3, and E were the most in-demand vitamins segment. Livestock breeders use vitamin E to feed to boost animals' antioxidant capacity and prevent economic losses. Vendors in the market have in-house R&D divisions to innovate novel products. They are also collaborating with other players to sustain in the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 2.4 billion |
| Market size value in 2031 | USD 3.4 billion |
| Growth Rate | 4.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Feed Vitamins Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Feed Vitamins Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Feed Vitamins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Feed Vitamins Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Feed Vitamins Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Feed Vitamins Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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