Global Feed Vitamin Market is poised to reach .89 billion by 2021Posted by rohan on September 27th, 2017 The Global Feed Vitamin market is expected to grow at a CAGR of 2.4% and reach USD 8.89 billion by 2021 from USD 7.9 billion in 2016. Feed vitamins are food supplements which are given to farm animals as they are unable to get enough vitamins from the daily meals. These feed vitamins become necessary sometime as deficiency of vitamin causes many diseases and also hinder the growth of animals. Modern feeds are produced by selecting specific ingredients which provide high nutrition diet to livestock for their better health and also for obtaining good end products like milk, egg and meat. View Full Report @ http://www.marketdataforecast.com/market-reports/global-feed-vitamin-market-589/ Majorly there are four Vitamins which are included in the animal feed. Vitamin A is mostly lacking in the animals which is essential for growth, reproduction and milk production. Vitamin D is abundant in animals and is required to consume the calcium and phosphorus present. Vitamin B group is generally not required for the livestock as it gets synthesized in their rumen but young calves and monogastric animals need it. Vitamin E is necessary for the prevention of paralysis and also for hatching of eggs. These feeds are used by poultry and dairy farmers. Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/global-feed-vitamin-market-589/request-sample Feed vitamins have been considered very essential for all livestock which drives the animal feed market. Increasing health concerns due to disease outbreak in livestock and increase in demand of high quality meat are driving the market. High cost of processing and raw materials is hindering the growth of the market. Market Segmentation By Vitamin Type
By Livestock Type
By Formulation
By Function
Geographically the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific leads the market with highest number of shares and is likely to be the fastest growing region as well. Europe is the second largest market. China is the world’s largest producer and consumer of vitamin feeds due to higher disposable incomes, increasing middle class population and changing personal health perception. This market is dominated by the companies like S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V. About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Like it? Share it! More by this author |