Water-Soluble Vitamin & Mineral Feed Supplements Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Water-Soluble Vitamin & Mineral Feed Supplements Market By Type (Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B9), By Application (Potassium sources, Calcium sources, Phosphorus sources, Magnesium sources, Sodium sources, Iron sources, Zinc sources, Copper sources, Manganese sources, Others (selenium, iodine, chloride, cobalt, and sulphur)), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Water-Soluble Vitamin & Mineral Feed Supplements market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Water-Soluble Vitamin & Mineral Feed Supplements market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Vitamin B1
✤ Vitamin B2
✤ Vitamin B3
✤ Vitamin B5
✤ Vitamin B6
✤ Vitamin B9

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Potassium sources
✤ Calcium sources
✤ Phosphorus sources
✤ Magnesium sources
✤ Sodium sources
✤ Iron sources
✤ Zinc sources
✤ Copper sources
✤ Manganese sources
✤ Others (Selenium, Iodine, Chloride, Cobalt, and Sulphur)

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Water-Soluble Vitamin & Mineral Feed Supplements Market includes the following core components:

The value chain of the Water-Soluble Vitamin & Mineral Feed Supplements market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B9) and Application (Potassium sources, Calcium sources, Phosphorus sources, Magnesium sources, Sodium sources, Iron sources, Zinc sources, Copper sources, Manganese sources, Others (selenium, iodine, chloride, cobalt, and sulphur))

Key Companies - BASF SE (Germany), Alltech Inc. (U.S.), Lonza Group AG (Switzerland), Nutreco N.V. (Netherlands), Archer Daniels Midland Company (U.S.), DLG Group (Denmark), Royal DSM N.V. (Netherlands), Kemin Industries Inc. (U.S.), BlueStar Adisseo Co. (China), The InVivo Group (France)

Driver - Growing investments in Water-Soluble Vitamin & Mineral Feed Supplements industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Water-Soluble Vitamin & Mineral Feed Supplements Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ BASF SE (Germany)
✤ Alltech Inc. (U.S.)
✤ Lonza Group AG (Switzerland)
✤ Nutreco N.V. (Netherlands)
✤ Archer Daniels Midland Company (U.S.)
✤ DLG Group (Denmark)
✤ Royal DSM N.V. (Netherlands)
✤ Kemin Industries Inc. (U.S.)
✤ BlueStar Adisseo Co. (China)
✤ The InVivo Group (France)

Find additional highlights on the Players and their product/service offerings. Download Sample Report: https://www.stratagemmarketinsights.com/sample/42737

Overview of the Water-Soluble Vitamin & Mineral Feed Supplements Market:

Water-soluble vitamin & mineral feed supplements are more effective in providing essential nutrients to livestock. This is because they enhance the health of animals. They also help prevent disease outbreaks. Key players in the market are increasing their investments and expanding their presence in high-demand markets such as Latin America and Asia-Pacific. Moreover, strategic acquisitions are enabling the growth of the sector by enhancing their portfolios of active ingredients and approved products.

Rapid growth in the organized livestock sector is a key factor driving growth of the water-soluble vitamin & mineral feed supplements market. Increasing consumption of livestock by-products is another key factor augmenting growth of the market. According to the globally, we consume 346.14 million tons of meat every year (2018). In 2030 this number will be 453 million - a 44 percent increase. Projections for world meat demand, however, are uncertain, varying from 375 to 570 million tons by 2050, that is, an increase of 70-160 percent compared to 2000. Thus increasing consumption of meat products is driving demand for high-quality meat products which in turn creating demand for mineral-based supplements.

Asia Pacific is expected to gain significant growth over the forecast period owing to the strong presence of livestock industry in the region. According to the India Brand Equity Foundation, India has the largest livestock population of around 535.78 million, which translates to around 31% of the world population. Milk production in the country is expected to increase to 208 MT in FY21 from 198 MT in FY20, registering a growth of 10% y-o-y.

Key Developments:

⇨ In April 2021, Hester Biosciences launches range of herbal veterinary products. The company has formally integrating a new range of herbal products for livestock and poultry in our existing range of products to support the overall wellbeing of animals, and to supplement our existing product range.

⇨ In April 2021, Kemin Industries has launched a functional fiber for pet food and an antioxidant solution for the organic livestock production industry.

⇨ In August 2020, Cargill has invested $15 million in a new plant in India which will manufacture supplements for cattle that claim to improve milk productivity. The plant will manufacture bypass fat, a health and nutrition supplement for dairy cattle, launched under its Carfe brand.

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