The global feed-grade vitamin market size is expected to reach USD 706.83 billion in 2024 and reach USD 889.30 billion by 2029, growing at a CAGR of 4.7% from 2024 to 2029.
Vitamin A has several functions in animal bodies. The functions include growth and development of the body, vision, mucous membranes, reproduction, and maintenance of the immune system. The deficiency of vitamin A results in stress-related disorders, increased susceptibility to infections, stone formation in urinary tracts, night blindness, and formation of ulcers. Some animals, such as dogs and sheep, are capable of converting carotene present in plants into vitamin A with the help of certain enzymes. Cattle, chicks, and horses are unable to convert carotene into vitamin A.
Hence, they are needed to have vitamin A content in their feed. Several products which contain feed grade vitamin A are available in the market for this purpose. However, excess consumption of vitamin A can cause toxicity issues. Increasing demand for meat and its related products has resulted in an increase in the population of cattle and poultries. This, in turn, increased the demand for feed-grade vitamin A products. The thriving trend of raising companion animals, increasing occurrence of animal infections, and innovations in animal feed products are propelling the market growth. However, a lack of awareness among the farmers regarding the supplements and less market penetration of these products are hindering the market growth.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
4.7% |
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Segments Covered |
By Product, End User, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF, ZhejiangNHU, Kingdomway, Adisseo, Zhejiang, Medicine, DSM and Others. |
BASF, Zhejiang NHU, Kingdomway, Adisseo, Zhejiang Medicine, DSM. These are the main market key players that dominate the global feed-grade vitamin A market.
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