Water-Soluble Vitamins & Minerals in Feed Market Data Share By Forecast 2030
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 (2023 - 2032). 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 region's 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.
𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.marketresearchfuture.com/sample_request/6943
Competitive
Analysis
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 market's
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
countries' easing of regulatory measures is predicted to promote the market's
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 ADM's
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 Khanh – Dong 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
company's 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
More : https://www.marketresearchfuture.com/reports/water-soluble-vitamins-minerals-feed-market-6943
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