ID: MRFR/AGR/5478-HCR | February 2021 | Region: Global | 100 pages
Water-soluble vitamins and minerals are widely used as animal feed and can be fed to animals by dissolving in water. As water travels through the animal body, it carries out water-soluble vitamins and minerals. Thus, these supplements need to be consumed every day by monogastric animals. Vitamins and minerals are of immense importance for the well-being and productivity of livestock. Vitamins are organic nutrients required in small quantities to perform specific functions and play vital role in the utilization of energy. Vitamins further help in maintaining a healthy body and promotes resistance toward diseases. Minerals, on the contrary, are inorganic elements found in small amounts in the body. Minerals help in development of bone, maintains water balance, and promotes protein synthesis. The global water-soluble vitamins & minerals in feed market is projected to register a significant growth rate of 6.29% from 2019 to 2024 and reach a market value of USD 11.59 billion by the end of 2024.
Global Water-Soluble Vitamins & Minerals in Feed Market has been segmented based on vitamin Type, Mineral Type, Livestock, and Region. The global water-soluble vitamins & minerals in feed market has been classified, based on vitamin type into, Vitamin B Complex, Vitamin C, and Others. The vitamin B complex segment is further bifurcated into vitamin B1, vitamin B2, vitamin B3, vitamin B5, vitamin B6, and vitamin B9. The global water-soluble vitamins & minerals in feed market has been segmented, based on mineral type, into phosphorus, potassium, calcium, magnesium, sodium, iron, zinc, magnesium, and others. The global water-soluble vitamins & minerals in feed market has been segmented, based on livestock, into swine, poultry, ruminants, aquaculture, and others. The global water-soluble vitamins & minerals in feed market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American water-soluble vitamins & minerals in feed market has further been segmented into the US, Canada, and Mexico. The European water-soluble vitamins & minerals in feed market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. The water-soluble vitamins & minerals in feed market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The water-soluble vitamins & minerals in feed market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Lonza Group (Switzerland), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (US), Dansk Landbrugs Grovvareselskab (Denmark), Neovia Group (France), China National Chemical Corporation (China), Alltech, Inc. (US), and Kemin Industries, Inc. (US) are some of the key players in the global water-soluble vitamins & minerals in feed market.
Regional Market Summary
Globally, water-soluble vitamins & minerals in feed market in Asia-Pacific is anticipated to be the dominating market with a market share of 31.5% in 2018 as well as register the highest CAGR during the forecast period. Widespread organized livestock farming practices in the region has been a major factor driving the regional market over the years. Stringent regulations on the use of certain synthetic raw materials in animal feed in several countries of the region have increased the demand for water-soluble vitamins and minerals supplements in feed, thereby driving the market growth in Asia-Pacific.
Global Water-Soluble Vitamins in Feed Market, by Vitamin Type
Frequently Asked Questions (FAQ) :
Water-soluble vitamins and minerals in feed market is set to reach USD 11.59 billion by 2024.
Water-soluble vitamins and minerals in feed market is expected to flourish at 6.29% CAGR from 2019 to 2024.
Intake of supplements by livestock for maintaining their health is the major drivers of the global e-cigarettes & vaporizer market.
APAC is portended to lead the global water-soluble vitamins and minerals in feed market till 2024.
Kemin Industries, Inc., Neovia Group, BASF SE, Lonza Group, Archer Daniels Midland Company, Alltech, Inc., Nutreco N.V., Dansk Landbrugs Grovvareselskab, China National Chemical Corporation, and Koninklijke DSM N.V. are major players of the global water-soluble vitamins and minerals in feed market.