Water-Soluble Vitamins Minerals in Feed Market-Overview
Water-Soluble Vitamins & Minerals in Feed Market Size was valued at USD 8.9 Billion in 2022. The Water-Soluble Vitamins & Minerals in the Feed market industry is projected to grow from USD 9.5 Billion in 2023 to USD 17.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.60% during the forecast period (2023โ2032). Systematized development of the livestock sector in the advancing countries and Increasing Demand to prevent disease outbreaks in livestock are the key market drivers boosting the market growth.
The improvement in demand and production technologies is estimated to promote the water-soluble vitamins & minerals in feed market in the coming period. Furthermore, intensifying focus on improving the well-being and efficiency of livestock is foreseen to enhance the water-soluble vitamins & minerals in feed market.
Segmental Analysis
The segmental study of the water-soluble vitamins & minerals in feed market is based on vitamin type, region, mineral type, livestock, and region. The mineral type of segment of the water-soluble vitamins & minerals in feed market comprises of sodium, potassium, calcium, phosphorus, magnesium, iron, zinc, and magnesium. The livestock type segment of the water-soluble vitamins & minerals in feed market comprises of poultry, ruminants, aquaculture, and swine. The region segment of the water-soluble vitamins & minerals in feed markets comprises North America, Europe, Asia Pacific, and other viable regional markets. The vitamin type segment of the water-soluble vitamins & minerals in feed market comprises of vitamin C and vitamin B complex.
Detailed Regional Analysis
The regional assessment of the water-soluble vitamins & minerals in feed markets comprises of North America, Europe, Asia Pacific, and other viable regional markets. The North American regionโs water-soluble vitamins & minerals in feed market are anticipated to govern owing to the highest demand for animal meat and animal products. Though, the regional market of Asia Pacific is expected to develop the fastest throughout the forecast period. The big population scope and rising disposable income of the inhabitants in the region are anticipated to fuel the water-soluble vitamins & minerals in feed market in the region in the forecast period. The other factors driving the regional market growth consist of acknowledging technological progress and knowledge about specialty nutrients.
๐ง๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ถ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ฑ ๐ฎ๐ ๐๐น๐ถ๐ฐ๐ธ ๐๐ฒ๐ฟ๐ฒ ๐๐ผ ๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ: https://www.marketresearchfuture.com/sample_request/6943
Competitive Analysis
โ The advanced utilization of raw materials effectively is predicted to create avenues for development in the forecast period. The improved spending by businesses on research and development is estimated to spur the marketโs advance further. The market is projected to see a turbulent growth phase ahead as the return to normalcy may occur in a staggered manner. Many countries are lifting or imposing lockdown measures intermittently, which may lead to slower market progress. The investment in developing e-commerce channels as well as the distribution network is predicted to accelerate global growth. Several countriesโ easing of regulatory measures is predicted to promote the marketโs resurgence in the upcoming years. The focus on sustainability-related goals is estimated to streamline the next phase of development in the global market. The major corporations in the market are estimated to engage in strategies that will fortify and enhance their global position thrugh mergers and new product launches. Governments worldwide are expected to amplify as they are motivated to get the economic recovery back on track.
The renowned Key Water Soluble Vitamins & Minerals in Feed Market Players companies in the are Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), BASF SE (Germany), Dansk Landbrugs Grovvareselskab (Denmark), Neovia Group (France), China National Chemical Corporation (China), Lonza Group (Switzerland), Archer Daniels Midland Company (U.S.), Alltech, Inc. (U.S.), and Kemin Industries, Inc. (U.S.).
Industry Updates:
Apr 2021 Wisium, a division of ADMโs international premix brand, is growing in Vietnam with the purchase of Golden Farm Production & Commerce Company Limited. Due to this agreement, Wisium also gets a facility in Long KhanhโโโDong Nai; ADM revealed that the manufacturing plant, which began in 2019, is quality controlled. The factory satisfies international standards. It also delivers additional capabilities to the premix supplier to improve its exposure in Vietnam.
Dec 2020 Trouw Nutrition has recently launched a novel animal feed production facility in India. The novel facility will yield vitamin premixes, minerals, mineral blends and feed safety solutions for clientele in South Asia for dairy, poultry, aqua and pet segments. The companyโs Nutrace package, food safety and quality initiative of its parent corporation Nutreco, guarantees end-to-end superiority and traceability and stress on feed-to-food safety. The latest plant will have a yearly volume of 20,000 metric tons and comprises a 45-meter tower to guarantee uniform incorporation as well as cold storage for vitamins and heat-sensitive constituents.
Read Moreย : https://www.marketresearchfuture.com/reports/water-soluble-vitamins-minerals-feed-market-6943
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team has a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which helps to answer all their most important questions.
To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office โ104, Pentagon 4 Magarpatta City, Hadapsar,
Puneโโโ411013
Maharashtra, India
Tel. (0) + 91 8411985042 / 020 640000195
