(Entertainment-NewsWire.com, December 08, 2017 ) The Global Water-Soluble Vitamin and Mineral Feed Supplements Market was worth USD 8.33 billion in 2016 and estimated to be growing at a CAGR of 5.7%, to reach USD 11 billion by 2021. The gaining importance of the market can be accounted to increasing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming and increasing consumer awareness.
Vitamins and Minerals are essential for all the livestock as they play an important role in all the life stages. Vitamin and Mineral Feed Supplements ensure that the livestock is being provided the requisite amount of Vitamins and Minerals essential for their growth and well being. They have gained global reputation as they enhance the health of livestock thereby enhancing the quality of products obtained from them. For example Ruminant vitamin and mineral feed supplements ensure proper milk producing capacity and disease prevention.
The main drivers for the growth of this market are increase in daily consumption of livestock meat, increase in use/consumption of by-products from livestock, increasing global population and increasing consumer awareness. However, the low adoption rate and the high cost of raw material required for the synthesis of vitamins and mineral supplements are the challenges to be tackled. Additionally, technological advancements in synthesis of these supplements provide growing potential for the market.
The Global market for Water-Soluble Vitamin Feed Supplements is broadly categorized into Vitamin type, Mineral type and Livestock. Based on Vitamin type Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B9, Vitamin C and other Vitamins. Based on Mineral type Potassium Sources, Calcium Sources, Phosphorus Sources, Magnesium Sources, Sodium Sources, Iron Sources, Zinc Sources, Copper Sources, Manganese Sources and other sources. Based on Livestock Poultry, Swine, Ruminant, Aquaculture and other livestock. Based on geographical analysis the market is categorized into regions of North America, Asia-Pacific, Europe, Latin America and Middle East and Africa. Vitamin B3 is the most widely used in Vitamin Feed supplement market due to its high importance in life stages of all livestock. Potassium sources is most widely used in Mineral Feed Supplement Market as it is an essential component of enzymes. Asia-Pacific is holding the largest share in the market accounting to its huge population and Middle East is the fastest growing market.
Some of the key players dominating the market include BASF SE, Alltech, Lonza Group AG, Nutreco N.V., Archer Daniels Midland Company, DLG Group, Royal DSM N.V., Kemin Industries, BlueStar Adisseo, InVivo Group.Some of the major players in the market include Clean Cells, Charles River Laboratories International Inc, Danaher Corporation, Merck KGaA, Parker Hannifin, Red Source Technologies, Sartorius AG, SGS S.A, Texcell Inc, Viral Inactivated Plasma Systems SA, and Wuxi Pharma Tech Inc
Introduction Vitamin B1 Vitamin B2 Vitamin B3 Vitamin B5 Vitamin B6 Vitamin B9 Vitamin C Other Vitamins Y-o-Y Growth Analysis, By Vitamin Type Market Attractiveness Analysis, By Vitamin Type Market Share Analysis, By Vitamin Type
2) Mineral Type
Introduction Potassium Sources Calcium Sources Phosphorus Sources Magnesium Sources Sodium Sources Iron Sources Zinc Sources Copper Sources Manganese Sources Other Minerals Y-o-Y Growth Analysis, By Mineral Type Market Attractiveness Analysis, By Mineral Type Market Share Analysis, By Mineral Type
3) Livestock
Introduction Poultry Swine Ruminants Aquaculture Others Y-o-Y Growth Analysis, By Livestock Market Attractiveness Analysis, By Livestock Market Share Analysis, By Livestock
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