Market Overview:

The Feed Vitamin Market is estimated to rise with a CAGR of 2.4% over the forecast period to attain USD 9.32 billion by 2024, increasing from USD 8.28 billion in 2019. Feed vitamins are food supplements that are supplied to farm animals as they are not able to get sufficient vitamins from daily meals. These feed vitamins become important sometimes as their deficiency causes several diseases and hinders the expansion of animals. Modern feeds are made by selecting a particular ingredient that gives lots of nutrition to livestock to enhance their health and obtain right end products like milk, egg, and meat.

Market drivers and restraints:

Feed vitamins have been known to be very important for all livestock that drives the animal feed market. Rising health issues owing to the disease outbreak in herd and escalation in the call for high-quality meat are driving the market. The high price of processing and raw materials is hindering the expansion of the market.  

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Report segmented as:

By type:

Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By formulation:

Liquid
Dry
Powder
Pellet
Geographical analysis:

Geographically, the worldwide feed vitamins market is segregated into regions of North America, Europe, Asia Pacific and Rest of the world (RoW). The Asia Pacific is leading the global market followed by North America. In the Asia Pacific, China is the key contributor of meat business that, in turn, expands the market of feed vitamins in this region. Furthermore, increasing population followed by rising consumption of livestock in developing countries of Asia Pacific is fueling the feed vitamins market.

Important market players:

Some of the major players operating in the global feed vitamins market are BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Land O'Lakes, Inc. (U.S.), Grain Corp Ltd. (Australia), LEO BIO-CARE PVT. LTD (India), Dallas Keith Ltd (U.K.)

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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