Veterinary Feed Vitamins Market Forecast Research Report to 2025Posted by rekha on October 24th, 2019 The global veterinary feed vitamins market is expected to reach US$ 2,182 Mn by 2025. Veterinary feed is food given to domestic animals during animal husbandry. The global veterinary feed vitamins market is driven by the insufficient quantity of nutrient content in the feed. These feed additives provide a mechanism through which these nutritional deficiencies can be resolved and also help in growth of the animals, their health, and their well-being. Moreover, increasing adoption of pets, rearing of animals for commercial purpose, and their rising concern for health are increasing the demand for safe and healthy food for animals. Additionally, rise in consumption of poultry, dairy products, and meat is also propelling the growth of global veterinary feed vitamins market. On the flip side, high cost of animal feed, lack of awareness about these products, and presence of alternative grain-based ingredient diets are dampening the growth of global veterinary feed vitamins market. Global veterinary feed vitamins market is segmented on the basis of type of animal, type of vitamin, and region. For Request Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=16652 SwineDominate the Global Veterinary Feed Vitamins Market Based on the type of animal, the global veterinary feed vitamins market is segmented into bovine, canine, swine, poultry, ovine, equine, and aquaculture. Swine dominated the global veterinary feed vitamins market. Swine is the most widely eaten meat in the world accounting for over 36% of the world meat intake owing to its nutritional benefits such as high thiamin (vitamin B1), high myoglobin content, etc. It is also known as red meat. It is followed by poultry and beef with about 35% and 22% respectively. Additionally, pork with its fat trimmed is leaner than the meat of most domesticated animals.
Asia Pacific Leads the Global Veterinary Feed Vitamins Market PBI’s global veterinary feed vitamins market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific dominated the global veterinary feed vitamins market through 2014-2018 and expected to dominate over 2019-2025 owing to increase its increasing population and increasing demands for meat in different APAC regions. Rapid economic growth and emerging economies are also propelling the growth of global veterinary feed vitamins market. North America veterinary feed vitamins market is expected grow in the forecast period due to their high disposable incomes, presence of major market players and increasing popularity of meat in North American population. Europe veterinary feed vitamins market accounted for a significant share in global veterinary feed vitamins market due to its increasing consumption of meat. For instance, Spain and Austria saw the highest average consumption on the European mainland, at 94.04kg and 90.87kg (per capita meat consumption) respectively. Launch of newer products, and strategic alliances are the key strategies adopted by market players Global veterinary feed vitamins market further reveals that the key player’s increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, in March 2017, Boehringer Ingelheim Animal Health and Novozymes collaborated for the development and commercialization of products for poultry production. Furthermore, in July 2019, Zoetis animal health company expanded its animal nutrition business with acquisition of Platinum Performance (privately held animal nutrition company). Key player’s profiles in the report are Adisseo France S.A.S (France), Archer Daniels Midland Co. (USA), Bactolac Pharmaceutical, Inc. (USA), Zoetis (USA), BASF SE (Germany), DSM Nutritional Products Ltd. (Netherlands), Pfizer, Inc. (USA). Precision Business Insights (PBI) in its report titled “Global Veterinary Feed Vitamins Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation
By Type of Animal
By Type of Vitamin
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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