Global Water-soluable Vitamin and Mineral Feed Supplement Market - 2023-2030
Global Water-soluble Vitamin and mineral Feed Supplements Market reached US$ 5.1 billion in 2022 and is expected to reach US$ 9.2 billion by 2030, growing with a CAGR of 7.7% during the forecast period 2023-2030.
The global water-soluble vitamin and mineral feed supplements market has witnessed significant growth, farmers and poultry industries are highly adopting these feed supplements as they provide a sufficient amount of essential vitamins and minerals which helps in enhancing the growth rate, and reproductive health. Hence, such factors help in driving the global water-soluble vitamins and minerals feed supplements market.
Furthermore, as the demand is increasing many manufacturing companies are producing innovative products, for instance, Purina Animal Nutrition LLC company produces Purina free Balance 12:12 vitamin & and mineral supplement, which helps in providing a sufficient amount of nutrients to horses. Hence, such products can help in increasing the market growth.
The vitamins segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the water-soluble vitamin & and mineral feed supplements market. The meat consumption rate is high in this region which can help in increasing the market growth in this region.
Dynamics
Raising Demand for Alternation of Traditional Feeds
Poultry industries are highly seeking alternative sources of traditional feeds which increase the adoption rate for water-soluble vitamins and minerals as they are often more readily absorbed and utilized by animals, which helps in increasing the nutritive intake of animals and helps in improving the growth rate. Hence, such factors help in driving the market growth.
Furthermore, many manufacturing companies are investing more in innovative high-quality feed supplements. For instance, in August 2023, Gramik launched Heifer Mix’, a kind of mineral mix for young female cattle to provide them with proper nutrition and support weight gain. Hence, such products can help in increasing the market growth.
Increase demand for Animal-Based Products
The demand for animal-based products is increasing for instance, according to a USDA report, the pork consumption per capita in the US was from 51.1 to 51.6 Pounds in 2022. Hence, such high consumption rates help in increasing the demand for nutritive supplements such as water-soluble vitamins and minerals in animal feed.
Furthermore, the animal farm industries are adopting these feed supplements, as they help the farmers to precisely control and adjust the nutrient content of animal feeds, and they are readily dissolved which helps in increasing the nutritive intake of animals and helps in enhancing the growth rate in animals. Hence, such factors help in increasing the market growth.
High Product Cost
The high product costs can affect the growth of the global water-soluble vitamins and minerals feed supplements market. Many small-scale farmers might opt for other alternatives that are cost-beneficial compared to these feed supplements, this could affect the adoption rate of the market, which could lead to declination in market growth.
Furthermore, the high cost is based on the brand, quality of materials used, and others. For instance, Kapila feeds pvt. Ltd company produces animal vitamin feed supplements, which promote digestive health, for 10,000 INR. Hence, such high product costs can hamper the market growth.
Segment Analysis
The global water-soluble vitamin & mineral feed supplements market is segmented based on type, form, livestock, and region.
Increase in Demand for Nutritive Feed
The vitamin segment holds the maximum share in the global water-soluble vitamin & and mineral feed supplements market. Poultry industries are highly adopting these water-soluble vitamin feed supplements as they provide a sufficient amount of essential vitamins in animal diets, which helps in enhancing the growth rate in animals. Hence, such factors can help in increasing the market growth.
Furthermore, as the demand for vitamins in feed supplements is increasing, many manufacturing companies are focusing on producing high-quality products to expand their market size. For instance, the dsm-Firmenich company is producing the ROVIMIX E50, A high-quality vitamin E source, that helps in improving the response to vaccination and modulating humoral and adaptive immunity. Hence, such products can help in increasing the adoption rate.
Geographical Penetration
High Production Rate
Asia-Pacific has the largest share in the global water-soluble vitamins & and mineral feed supplements market, as the demand for meat consumption is increasing the farmers in this region are highly adopting these feed supplements as they provide all the essential vitamins and minerals in sufficient amounts, which helps in increasing the productivity in animals.
Furthermore, the production of animal meat is increasing in this region, For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, in Australia, the total value of poultry meat production to be $3.5 billion in 2022–23 and $3.6 billion in 2023–24. Hence, the demand for meat production is increasing, it can help in increasing the usage of water-soluble vitamins and minerals feed supplements in the poultry industry.
Additionally, according to the Agricultural & Processed Food Products Export Development Authority (APEDA) report, Poultry is one of the fastest-growing segments of the agricultural sector in India today, India is now the world's third egg producer in the world, the production of eggs and broilers has been rising at a rate of 8 to 10 percent per annum. Hence, it can help in increasing the market in this region.
Competitive Landscape
The major global players in the market include Virbac, Yara, KAPILA FEEDS PVT. LTD, ANICARE, cureuppharma, LEO BIO-CARE PVT. LTD, dsm-firmenich, Adisseo, Kemin Industries, Inc, and Purina Animal Nutrition LLC.
COVID-19 Impact Analysis
During the pandemic, many people started adopting protein-rich diets which increased the demand for meat production, which helps in increasing the usage of water-soluble vitamins and minerals feed supplements in animal diets, hence, it shows a positive impact on the global water-soluble vitamins and minerals feed supplements market.
By Type
• Vitamin
• Vitamin B1
• Vitamin B2
• Vitamin B3
• Vitamin B5
• Vitamin B6
• Vitamin B9
• Vitamin C
• others
• Minerals
• Potassium sources
• Calcium sources
• Phosphorus sources
• Magnesium sources
• Sodium sources
• Iron sources
• Zinc sources
• Copper sources
• Manganese sources
• Others
By Form
• Dry
• Wet
• Moist
By Distribution Channel
• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others
By Livestock
• Poultry
• Swine
• Ruminants
• Aquaculture
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• In June 2022, Wilbur-Ellis Nutrition acquired F.L. Emmert. A leading manufacturer and marketer of advanced nutritional solutions for the pets and livestock industries. The acquisition will expand our product and customer base in pet food with value-added products.
• In June 2022, Cargill and Continental Grain Company reached an agreement to acquire Sanderson Farms and merge it with Wayne Farms, a poultry integrator owned by Continental Grain.
Why Purchase the Report?
• To visualize the global water-soluble vitamin & mineral feed supplements market segmentation based on type, form, distribution channel, livestock, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of water-soluble vitamin & mineral feed supplements at the market with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global water-soluble vitamin & mineral feed supplements market report would provide approximately 69 tables, 70 figures and 182 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Form
- 3.3. Snippet by Distribution Channel
- 3.4. Snippet by Livestock
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Raising Demand for Alternation of Traditional Feeds
- 4.1.1.2. Increase demand for Animal-Based Products
- 4.1.2. Restraints
- 4.1.2.1. High Product Cost
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Vitamin*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3. Vitamin B1
- 7.2.4. Vitamin B2
- 7.2.5. Vitamin B3
- 7.2.6. Vitamin B5
- 7.2.7. Vitamin B6
- 7.2.8. Vitamin B9
- 7.2.9. Vitamin C
- 7.2.10. Others
- 7.3. Minerals
- 7.3.1. Potassium sources
- 7.3.2. Calcium sources
- 7.3.3. Phosphorus sources
- 7.3.4. Magnesium sources
- 7.3.5. Sodium sources
- 7.3.6. Iron sources
- 7.3.7. Zinc sources
- 7.3.8. Copper sources
- 7.3.9. Manganese sources
- 7.3.10. Others
- 8. By Form
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 8.1.2. Market Attractiveness Index, By Form
- 8.2. Dry*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Wet
- 8.4. Moist
- 9. By Distribution Channel
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 9.1.2. Market Attractiveness Index, By Distribution Channel
- 9.2. Company Stores*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. E-Commerce
- 9.4. Hypermarkets/Supermarkets
- 9.5. Specialty Stores
- 9.6. Others
- 10. By Livestock
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 10.1.2. Market Attractiveness Index, By Livestock
- 10.2. Poultry*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Swine
- 10.4. Ruminants
- 10.5. Aquaculture
- 10.6. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.6.1. Germany
- 11.3.6.2. UK
- 11.3.6.3. France
- 11.3.6.4. Italy
- 11.3.6.5. Russia
- 11.3.6.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.6.1. Brazil
- 11.4.6.2. Argentina
- 11.4.6.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.6.1. China
- 11.5.6.2. India
- 11.5.6.3. Japan
- 11.5.6.4. Australia
- 11.5.6.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Livestock
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. China National Building Material Group Corporation*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. CEMEX, S.A.B. de C.V.
- 13.3. HOLCIM
- 13.4. Heidelberg Materials
- 13.5. UltraTech Water-soluble Vitamin & Mineral Feed Supplements Ltd
- 13.6. InterWater-soluble Vitamin & Mineral Feed Supplements
- 13.7. LafargeHolcim
- 13.8. The Siam Water-soluble Vitamin & Mineral Feed Supplements Group
- 13.9. Titan Water-soluble Vitamin & Mineral Feed Supplements Company S.A.
- 13.10. Votorantim Cimentos
- 13.11. Takata Corporation
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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