Water-Soluble Vitamin And Mineral Feed Supplements Market

Global Water-Soluble Vitamin and Mineral Feed Supplements Market Size (2024 to 2032)

The global water-soluble vitamin and mineral feed supplements market was valued at USD 9.31 billion in 2023 and is anticipated to reach USD 9.84 billion in 2024 from USD 15.33 billion by 2032, growing at a CAGR of 5.7% from 2024 to 2032.

The gaining importance of the market can be attributed to the increasing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming, and increasing consumer awareness. Vitamins and Minerals are essential for all livestock as they play an important role in all life stages. Vitamin and mineral feed supplements ensure that the livestock is being provided the requisite amount of Vitamins and Minerals essential for their growth and well-being. They have gained a global reputation as they enhance the health of livestock, thereby enhancing the quality of products obtained from them. For example, Ruminant vitamin and mineral feed supplements ensure proper milk-producing capacity and disease prevention.

Market Drivers and Restraints

The main drivers for the growth of this market are an increase in daily consumption of livestock meat, an increase in the use/consumption of by-products from livestock, an increasing global population, and increasing consumer awareness. However, the low adoption rate and the high cost of raw materials required for the synthesis of vitamins and mineral supplements are the challenges to be tackled. Additionally, technological advancements in the synthesis of these supplements provide the growing potential for the market.

REPORT COVERAGE

REGIONAL ANALYSIS

Based on geographical analysis, the market is categorized into regions of North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. Vitamin B3 is the most widely used vitamin feed supplement market due to its high importance in the life stages of all livestock. Potassium sources are most widely used in the mineral feed supplement market as it is an essential component of enzymes. Asia-Pacific holds the largest share of the market, accounting for its huge population, and the Middle East is the fastest-growing market.

KEY MARKET PLAYERS

BASF SE, Alltech, Lonza Group AG, Nutreco N.V., Archer Daniels Midland Company, DLG Group, Royal DSM N.V., Kemin Industries, BlueStar Adisseo, InVivo Group. These are the market players that dominate the global water-soluble vitamin and mineral feed supplements market.

DETAILED SEGMENTATION OF THE GLOBAL WATER-SOLUBLE VITAMIN AND MINERAL FEED SUPPLEMENTS MARKET INCLUDED IN THIS REPORT

This research report on the global water-soluble vitamin and mineral feed supplements market is segmented and sub-segmented into the following categories.

By Vitamin Type

• Vitamin B1
• Vitamin B2
• Vitamin B3
• Vitamin B5
• Vitamin B
• Vitamin B9
• Vitamin C

By Mineral type

• Potassium Sources
• Calcium Sources
• Phosphorus Sources
• Magnesium Sources
• Sodium Sources, Iron Sources
• Zinc Sources
• Copper Sources
• Manganese

By Livestock

• Poultry
• Swine
• Ruminant
• Aquaculture

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Rest of the World