Global Feed Vitamins Market

Feed Vitamins Market Size, Share, Growth Analysis, By Type(Vitamin A, Vitamin B), By Application(Ruminants, Poultry) - Industry Forecast 2024-2031

Report ID: SQSG15E2027 | Region: Global | Published Date: July, 2001
Pages: 237 | Tables: 67 | Figures: 75

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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).

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. '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'

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.

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.

In 2021, the Asia Pacific dominates the 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.

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Global Feed Vitamins Market

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