Water-Soluble Vitamins & Minerals in Feed Market-Overview
The importance of the health and overall quality of livestock is estimated to promote the water-soluble vitamins & minerals in feed market. The market's report is efficiently analyzed as per MRFR. The global water-soluble vitamins & minerals in feed market is projected to register a significant growth rate of 7.6 % from 2020 to 2027 and reach a market value of USD 13.59 billion by the end of 2027.
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.
The segmental study of the water-soluble vitamins & minerals in feed market Insights 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 outlook 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 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.).
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.
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