Animal Feed Vitamin Market size to grow by USD 613.84 million from 2023 - 2028

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Jan 11, 2024, 17:35 ET

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- The animal feed vitamin market is set to grow by USD 613.84 million from 2023 to 2028 progressing at a CAGR of 4.19% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The animal feed vitamin market analysis includes product, application, and geography landscape. This study identifies the increase in R&D expenditure, increasing demand for animal feed premises, and increasing demand for chicken meat as one of the prime reasons driving the animal feed vitamin market growth during the next few years. The market growth by the vitamin A segment is significant during the forecast period. In the global animal feed vitamin market, Vitamin A stands out as a market leader, playing a pivotal role in driving substantial segment growth. The market growth by the poultry segment is significant during the forecast period. Factors such as evolving lifestyles, increased disposable income, and a growing population are poised to positively influence the demand for poultry meat and related products.

Technavio has announced its latest market research report titled Global Animal Feed Vitamin Market 2024-2028

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The report on the animal feed vitamin market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as company analysis.

Animal Feed Vitamin Market 2024-2028 - Market Dynamics

DRIVER

The increasing demand for animal feed vitamin supplements, driven by an amplified emphasis on enhancing animal productivity and performance, spearheads the growth of the Global Animal Feed Vitamin Market. Vital for livestock nutrition, these feed additives such as Vitamin A, Vitamin D, Vitamin E, Vitamin B complex, Vitamin K, and Vitamin C, cater to specific requirements in poultry feed, swine feed, and cattle feed formulations. This increased focus mirrors the industry's commitment to optimizing animal health, fostering productivity, and augmenting overall agricultural efficiency.

TRENDS

An increase in R&D expenditure is the primary trend shaping market growth. This emphasis on innovation caters to nutritional requirements in feed formulation, enhancing animal health and feed efficiency. It mirrors the evolving landscape of the feed industry, focusing on feed quality with elements like antioxidants and trace minerals in feed premixes. This trend underscores the sector's commitment to advancing animal nutrition for improved agricultural outcomes.

CHALLENGES

Stringent regulations associated with the manufacturing of animal feed vitamins are a challenge that hinders the market growth. Compliance hurdles affect industry players in developing growth promoters for aquaculture feed and pet food. Stringent regulations, while vital for animal welfare, pose obstacles in feed manufacturing. Addressing these compliance intricacies globally becomes pivotal to streamlining processes and boost innovation in animal nutrition, ensuring both regulatory compliance and market advancement.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View the Free Sample Report

The animal feed vitamin market covers the following areas:

Animal Feed Vitamin Market Sizing
Animal Feed Vitamin Market Forecast
Animal Feed Vitamin Market Analysis

Companies Mentioned

Alltech Inc.
AMORVET
Anfotal Nutritions Pvt. Ltd
Archer Daniels Midland Co.
BASF SE
BEC Feed Solutions Pty Ltd
Cargill Inc.
Farmann GmbH
Growel Agrovet Pvt. Ltd.
HELM AG
Koninklijke DSM NV
Land O Lakes Inc.
Northern Nutrition
SALVANA TIERNAHRUNG GmbH
SHV Holdings N.V.
Sinochem Group Co. Ltd.
Total Feeds Inc.
Vilofoss AS
Zeus Biotech Pvt. Ltd.
Zhejiang Medicine Co. Ltd.

Anfotal Nutritions Pvt. Ltd: The company offers animal feed vitamins such as Anfaplex, Anfahep, Neutro Gold Plus, Feton, and Anfoxy.

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Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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