The size of the Asia Pacific feed vitamin market is predicted to be valued at USD 7.99 billion in 2023 and USD 9.42 by 2028, growing at a CAGR of 3.36% during the forecast period 2023 to 2028.
Asia Pacific is the largest market for animal feed vitamins owing to the heavy livestock population, and poultry feed is the largest segment of the vitamin market. It is also the fastest growing region in the market mainly due to increased demand for quality meat and increased mass production of meat.
Feed vitamins provide essential vitamins to the farm animals, which they are unable to take from their regular diet in adequate amounts. Modern feeds are made out of specific and best ingredients to provide high nutrition levels, better health, and disease prevention. Feed vitamins are mainly used by dairy animals and poultry animals.
The key drivers for the market are the necessity of vitamins for livestock, the rise in health concerns due to disease outbreaks in livestock, and the increase in demand for high-quality meat, eggs, and milk. In the Asia Pacific region, the population is a major factor in the increase in the production of feed vitamins. Restraints for the market are the high cost of raw materials and processing.
This research report on the Asia-Pacific feed vitamins market is segmented and sub-segmented into the following categories.
Asia Pacific Feed Vitamin Market – By Vitamins:
Asia Pacific Feed Vitamin Market – By Live Stock:
Asia Pacific Feed Vitamin Market – By Formulation:
Asia Pacific Feed Vitamin Market – By Function:
Mainly, the feed vitamin market is segmented into types of livestock, including swine, ruminants, poultry, aquatic animals, and others. They are either single-functioned or multi-functioned. On the basis of formulation, they are divided into liquid, dry, and other (powder, pellet). Poultry is the largest and fastest-growing segment due to the increase in population and, hence, the increase in the demand for meat and eggs.
Asia Pacific Feed Vitamin Market – By Country:
KEY MARKET PLAYERS:
Leading companies in the market are S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiang Medicine Company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland Company, Evonik Industries, and DSM N.V. These companies are dominating the Asia Pacific feed vitamins market.
Frequently Asked Questions
The Asia Pacific feed vitamin market is valued at USD 7.99 billion in 2023.
China is a leading consumer of feed vitamins in the Asia Pacific, with a significant market share attributed to its vast livestock industry and the modernization of farming practices.
The poultry sector is a major contributor to the demand for feed vitamins in China, highlighting the essential role of vitamins in supporting poultry health, growth, and production.
The pandemic initially caused disruptions, but the Asia Pacific Feed Vitamin Market has shown resilience, adapting to challenges, and is expected to recover steadily with a focus on animal health and nutrition.
Indonesian manufacturers are addressing niche markets by developing customized vitamin blends, catering to specific nutritional requirements and health considerations in diverse livestock segments.
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