Press release
North America feed vitamin market is estimated to reach USD 1.52 billion by 2021
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Animal feed vitamins are given to the livestock for enhancing their diets. Deficiency of vitamins can cause several diseases along with restricted growth of animals and vitamin feed fulfills the deficiency. These are given to the animals for improving their health and obtaining good yield of products like meat, egg and milk. Vitamin A, D, E and B are the major vitamins required through feed.
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Market Segmentation
By Vitamin Type
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K
By Livestock Type
• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others
By Formulation
• Liquid
• Dry
• Others (Powder, Pellet)
By Function
• Single Functioned
• Multi Functioned
There are various factors which drives the market such as awareness regarding health, high income, rise in demand for high quality meat and many others. There is a shift observed in consumers towards these types of feed which is also driving the market. The only restrain for the market is high cost of these feeds as the raw materials are also costly.
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Key players in the market are 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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