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Global Water-Soluble Vitamin And Mineral Feed Supplements Market 2023 Opportunity Assessment, International Expansion, Industry Share And Forecast To 2032
Water-Soluble Vitamin And Mineral Feed Supplements Market
The Business Research Company's Water-Soluble Vitamin And Mineral Feed Supplements Market Global Market Report 2023 identifies increasing livestock population as the major driver for the Water-Soluble Vitamin And Mineral Feed Supplements Market's growth in the forecast period. Livestock refers to animals that are kept or raised for various purposes, such as use, pleasure, or profit, particularly those that are raised on farms. An agricultural producer breeds and raises livestock, which encompasses cattle, hogs, horses, poultry, sheep, and small animals. Livestock can be provided with water-soluble vitamin and mineral feed for their nutritional requirements including promoting healthy bone development and maintaining reproductive efficiency.
The global water-soluble vitamins and minerals in feed supplements market size is expected to grow from $4.64 billion in 2022 to $5.30 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global water-soluble vitamins and minerals in feed supplements market size is expected to reach $8.70 billion in 2027 at a CAGR of 13.8%.
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Major competitors in the Water-Soluble Vitamin And Mineral Feed Supplements market are Alltech Inc., Nutreco N.V., Royal DSM, Neovia Group, InVivo, BASF SE, Archer Daniels Midland Company (ADM), Kemin Industries Inc., Adisseo, Lonza Group AG, Bayer AG, Blackmores Limited, China National Chemical Corporation, Sanofi S.A., and Bee Health Limited.
A key trend in the Water-Soluble Vitamin And Mineral Feed Supplements Market includes product innovations. Major companies operating in the water-soluble vitamin and mineral feed supplements market are launching innovative mineral feed supplements to sustain their position in the market. For instance, in October 2021, Boehringer Ingelheim International GmbH, a Germany-based pharma company, launched Bovikalc Dry, an oral mineral supplement that enhances the comfort and well-being of dairy cows during the crucial "dry off" period of 45 to 60 days before the delivery of the next calf. This product is the first of its kind to be introduced to the US market and effectively reduces milk production in cows during the "dry off" phase, which prevents milk accumulation and udder swelling, ensuring a more comfortable dry-off experience. Bovikalc Dry is an ideal complement to BOVIKALC, an oral calcium supplement that has been a part of Boehringer Ingelheim's product range for many years.
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The Water-Soluble Vitamin And Mineral Feed Supplements Market is segmented -
By Vitamin Type: Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B9, Vitamin C, Other Vitamin Types
By Mineral Type: Potassium, Calcium, Phosphorus, Magnesium, Sodium, Iron, Zinc, Copper, Manganese, Other Mineral Types
By Application: Poultry, Swine, Ruminants, Aquaculture, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Water-Soluble Vitamin And Mineral Feed Supplements Market.
The Business Research Company's "Global Water-Soluble Vitamin And Mineral Feed Supplements Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Water-Soluble Vitamin And Mineral Feed Supplements Market Include:
1. Executive Summary
2. Water-Soluble Vitamin And Mineral Feed Supplements Market Characteristics
3. Water-Soluble Vitamin And Mineral Feed Supplements Market Trends And Strategies
4. Water-Soluble Vitamin And Mineral Feed Supplements Market - Macro Economic Scenario
5. Water-Soluble Vitamin And Mineral Feed Supplements Market Size And Growth
……
26. Africa Water-Soluble Vitamin And Mineral Feed Supplements Market
27. Water-Soluble Vitamin And Mineral Feed Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Water-Soluble Vitamin And Mineral Feed Supplements Market
29. Water-Soluble Vitamin And Mineral Feed Supplements Market Future Outlook and Potential Analysis
30. Appendix
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