The Animal Feed Vitamin Market is predicted to reach $ 8.89 USD billion with a CAGR of 2.4% according to Market Data Forecast report.

The Animal Feed Vitamin Market is predicted to reach $ 8.89 USD billion with a CAGR of 2.4% according to Market Data Forecast report.

ID: 595 | September 2016 | Region: Global

The Animal Feed Vitamin Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Animal Feed Vitamin Market is estimated to be $7.9 USD billion and predicted to rise to $ 8.89 USD billion with a CAGR of 2.4%. The market is segmented by type of Vitamins (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E and Vitamin K.) by Livestock Type (Swine, Ruminants, Poultry, Aquatic animals and Others) by Formulation (Liquid, Dry and Others (Powder, Pellet)), by Function (Single Functioned and Multi Functioned). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The industrial production of meat is replacing traditional methods of farming all over the globe and this shift is expected to draw parallel growth in the feed vitamins industry. Industrialization of the livestock and meat industry is another driving factor for the market. Standardization of meat products owing to disease outbreaks is likely to favor animal feed market share. Increasing raw material costs are likely to restrict the market growth.

 Pork and cattle/beef livestock applications are expected to continue being key markets, owing to their popularity in the U.S., Europe, and Latin America. Poultry is expected to register highest revenue growth rate over the forecast period owing to increasing animal feed consumption in poultry, post disease outbreaks such as bird flu.

The Western Europe market accounted for the maximum revenue share among all the regions, followed by the North America market, as maximum number of animal feed manufacturers are based in Western Europe. The Asia-Pacific region is likely to provide lucrative growth opportunities until 2021, owing to considerable increase in feed production and rising awareness among the consumers regarding the quality of meat, and dairy and related products in China and India.

This market is dominated by the companies like S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V.

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