Feed Vitamins Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

Feed Vitamins Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The global feed vitamins market is projected to register a CAGR of 3.4% over the forecast period (2021-2026). Vitamins are some of the most prominent products produced and exported in China. As the COVID-19 pandemic spread took place in China, it affected multiple production and transport disruptions in China, which affected much of the global supply of feed vitamins.

The drivers identified in this market are industrialization of the livestock industry, expansion of the animal meat market, changing demographics in Asia-Pacific and South America. China is by far the world leader in vitamin production. The country is the major producer of vitamins B1, B3, B8, B11, and B12.

Furthermore, disease outbreaks are fuelling the vitamin market. For instance, Vitamin A is important for preventing growth disorders in young animals, while its epithelial protective function has great importance in older animals. This resulted in the increased inclusion of vitamins in the feed. Additionally, key players, such as BASF SE, Adisseo, and DSM, are increasingly investing in the development of new vitamin-based products and expanding their presence into emerging markets.

Key Market TrendsNeed for Improving Animal Productivity

The inclusion of various vitamins is necessary for ruminants, as animals become more productive. Therefore, livestock producers typically use feed additives, such as vitamin E, to increase the antioxidant capacity of animals and reduce economic losses. Vitamin E is an antioxidant that is vital for normal neurological functions. Deficiency of vitamin E leads to encephalomalacia disease in the chicken, exudative diathesis in young birds, and muscular dystrophy. Muscle dystrophy disease causes the degeneration of muscle fibers, affecting areas key for meat production, including the breast and legs.

Furthermore, the vitamin requirement greatly depends on the physiological structure, age, health, nutritional status of livestock, and function, such as meat production or laying eggs in poultry birds. Higher levels of vitamins A, D3, and E are needed in breeders' diets than for broilers. The inclusion of Vitamins at the optimum level has shown increased growth, feed efficiency, and oxidative stability of meat in broilers. Vitamins aid in better resistance to stress conditions. The market will be driven majorly by Brazil, the United States, India, and China. However, emerging economies are likely to be the fastest adopter of poultry supplements during the forecast period, which will boost the feed vitamins market during the forecast period.​

Asia Pacific Dominates the Market

Livestock feeding in Asia-Pacific is highly dependent on agricultural products like maize, sorghum, soybean meal, groundnut meal, and rice bran. However, with the rising livestock animal health standards and the subsequent large-scale adoption of compound feed, several vitamins, like A, D, E, K, and B, are increasingly being included in livestock diets across the region.

The vitamin A market in China was significantly disrupted by inspections relating to environmental issues and new regulations. With the growing prices for vitamins in the Asia-Pacific region, one of the major market players, Royal DSM, a global company active in nutrition, health, and sustainable living, expanded its footprint in China by opening a new Animal Nutrition & Health premix plant in Baishazhou Industrial Park, Hengyang City in November 2020. Additionally, the opening of this new plant also marks the launch of DSM Vitamins Academy. The academy will serve as a new platform to educate the market and share the latest scientific research and practices with players across the animal feed and husbandry value chain.

Therefore, the increasing inclusion of vitamins by livestock producers, coupled with key players expanding their presence into the region, will significantly boost the feed vitamins market over the coming years.

Competitive Landscape

The global feed vitamin market is fairly consolidated. The active players compete on the basis of product quality and promotion and focus on their strategic moves to hold larger market shares. Companies are investing heavily to develop new products and collaborating and acquiring other companies. This factor is expected to increase its market shares and strengthen R&D activities. The companies, like BASF SE, Adisseo, DSM, and Zhejiang Medicine Co. Ltd, are the major players in the global feed vitamins market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.