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- North America Animal Feed Vitamin Market – Size, Outlook, Trends and Forecast (2020 – 2026)
Feed vitamins are food supplements which are given to farm animals as they are unable to get enough vitamins from the daily meals. Feed vitamins have been considered very essential for all livestock which drives the animal feed market. Vitamins become necessary sometime as deficiency of vitamin causes many diseases and also hinder the growth of animals. Increasing health concerns due to the disease outbreak in livestock and increase in demand for high-quality meat are driving the market.
North America Animal Feed Vitamin Market Size & Growth:
In North America animal feed vitamin market was valued to be nearly $1.48 billion in 2017 and is projected to reach over $1.59 billion by the end of 2025 with a CAGR of almost 1.18% during forecasting period. Increasing number of the meat consuming population is driving the growth of the market. As growing industrialisation in the meat production business and changing food habits of customers, creating demand for meat with specific texture and flavour has indirectly increased the sales of feed vitamins. Increase in the share of poultry among the livestock has helped to raise the demand for the animal feed vitamins in the market. Growing awareness against the excessive use of chemicals has caused the government to have stringent regulations, especially for imported foodstuff. Demand for raw materials is rapidly growing; it is restricting the growth of animal feed vitamin market.
North America Animal Feed Vitamin Market Share:
In North America animal feed vitamin market is classified by type, by livestock type, by formulation, by function, by geography. There are various factors which drive the market such as awareness regarding health, high income, the rise in demand for high-quality meat and many others. Majorly there are two vitamins, vitamin A and vitamin E which are included in the animal feed. In North America vitamin A mostly lacks in the animals those are essential for growth, reproduction and milk production. Vitamin A helps to maintain the internal and external linings and is critical for a healthy reproductive tract. Vitamin A is not readily available in most of the feeds, and the lack of it affects the eyes of the livestock. Signs of a vitamin A deficiency include that of watery eyes, a rough hair coat, and most importantly reduction of the growth rate in the livestock. Vitamin E is necessary for the prevention of paralysis and also for hatching of eggs. A lack of vitamin E also causes failure in the reproductive system. An integration of vitamin E also helps to stabiles the oxidisation in the feed. Alfalfa is an excellent source of vitamin E.
Regarding livestock type in North America, the swine and poultry play a vital role in the growth of the market. Feed vitamins play an essential role in poultry diets to improve growth efficiency and laying capacity. Improvement in nutritional management techniques along with development in technology for animal breeding should favour product demand for poultry production applications. Poultry is the largest and fastest growing segment due to the increase in population, and hence the demand for meat and egg is increased, which in turn has led the growth of the feed vitamins. In swine there is demand for high-quality pork, growing income of the middle-class population that need to meet the demand-supply gap has fuelled the growth of the feed vitamins market.
Concerning formulation in North America, the market is divided into liquid, dry. The dry form of feed has more demand among animal producers as they are easy to mix with feed. The ease of storage & handling and transportation & cost advantages over liquid form are also some of the factors that drive the demand for the dry form of feed vitamins. Thus, the dry segment is expected to continue its dominance during the forecast period.
Regarding geography, North America is estimated as a second dominant market in animal feed vitamin market in 2017. Canada, Mexico and the US are the prime consumers in the feed vitamins market in the North America region. The US is leading with the highest market followed by Mexico which is estimated to have the fastest growth. Also, the region has the significant feed industries in the world and consequently produces high demand for animal feed vitamin products. North America is said to be the fastest growing market as well, regarding animal feed vitamin owing to the increasing demand for meat and feed vitamin in the region.
North America Animal Feed Vitamin Market Trends:
- July 2018, ADM, Cargill complete agreement for soybean animal feed vitamin joint venture.
- Jan 2018, Vitanox, the natural antioxidant to replace vitamin E in animal feeds came into the market.
North America Animal Feed Vitamin Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- BASF SE
- Alltech
- Zhejiang Medicine Company Ltd
- CSPC Pharmaceutical Group Ltd
- Cargill
1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. The scope of the Study
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3. Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Growing application in the supplement industry
4.1.2. Industrialization of the livestock and meat industry
4.2. Restraints & Challenges
4.2.1. Growing awareness against the excessive use of chemicals
4.2.2. Ignorance about the health benefits of vitamin supplements
4.3. Opportunities
4.3.1. Increasing number of the meat consuming population
5. North America Animal Feed Vitamin Market – By Type
5.1. Introduction
5.2. Vitamin A
5.3. Vitamin B
5.4. Vitamin C
5.5. Vitamin D
5.6. Vitamin E
5.7. Vitamin K
6. North America Animal Feed Vitamin Market – By Livestock Type
6.1. Introduction
6.2. Swine
6.3. Ruminants
6.4. Poultry
6.5. Aquatic animals
6.6. Others
7. North America Animal Feed Vitamin Market – By Formulation
7.1. Introduction
7.2. Liquid
7.3. Dry
7.4. Others
8. North America Animal Feed Vitamin Market – By Function
8.1. Introduction
8.2. Single Functioned
8.3. Multi Functioned
9. North America Animal Feed Vitamin Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. US
9.2.2. Canada
9.2.3. Mexico
10. Company Profiles
10.1. BASF SE
10.1.1. Company Overview
10.1.2. Business Segments
10.1.3. Financials (Public Companies)
10.1.4. Developments
10.1.5. SWOT Analysis (Public Companies)
10.2. Zhejiang Medicine Company Ltd.
10.3. Evonik Industries AG
10.4. DSM N.V
10.5. Chr. Hansen Holding A/S
10.6. Cargill
10.7. Alltech
10.8. Adisseo France SAS
10.9. CSPC Pharmaceutical Group Ltd
10.10. Archer Daniels Midland Company
10.11. Pharmative LLC
11. Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Feed vitamins are food supplements which are given to farm animals as they are unable to get enough vitamins from the daily meals. Feed vitamins have been considered very essential for all livestock which drives the animal feed market. Vitamins become necessary sometime as deficiency of vitamin causes many diseases and also hinder the growth of animals. Increasing health concerns due to the disease outbreak in livestock and increase in demand for high-quality meat are driving the market.
North America Animal Feed Vitamin Market Size & Growth:
In North America animal feed vitamin market was valued to be nearly $1.48 billion in 2017 and is projected to reach over $1.59 billion by the end of 2025 with a CAGR of almost 1.18% during forecasting period. Increasing number of the meat consuming population is driving the growth of the market. As growing industrialisation in the meat production business and changing food habits of customers, creating demand for meat with specific texture and flavour has indirectly increased the sales of feed vitamins. Increase in the share of poultry among the livestock has helped to raise the demand for the animal feed vitamins in the market. Growing awareness against the excessive use of chemicals has caused the government to have stringent regulations, especially for imported foodstuff. Demand for raw materials is rapidly growing; it is restricting the growth of animal feed vitamin market.
North America Animal Feed Vitamin Market Share:
In North America animal feed vitamin market is classified by type, by livestock type, by formulation, by function, by geography. There are various factors which drive the market such as awareness regarding health, high income, the rise in demand for high-quality meat and many others. Majorly there are two vitamins, vitamin A and vitamin E which are included in the animal feed. In North America vitamin A mostly lacks in the animals those are essential for growth, reproduction and milk production. Vitamin A helps to maintain the internal and external linings and is critical for a healthy reproductive tract. Vitamin A is not readily available in most of the feeds, and the lack of it affects the eyes of the livestock. Signs of a vitamin A deficiency include that of watery eyes, a rough hair coat, and most importantly reduction of the growth rate in the livestock. Vitamin E is necessary for the prevention of paralysis and also for hatching of eggs. A lack of vitamin E also causes failure in the reproductive system. An integration of vitamin E also helps to stabiles the oxidisation in the feed. Alfalfa is an excellent source of vitamin E.
Regarding livestock type in North America, the swine and poultry play a vital role in the growth of the market. Feed vitamins play an essential role in poultry diets to improve growth efficiency and laying capacity. Improvement in nutritional management techniques along with development in technology for animal breeding should favour product demand for poultry production applications. Poultry is the largest and fastest growing segment due to the increase in population, and hence the demand for meat and egg is increased, which in turn has led the growth of the feed vitamins. In swine there is demand for high-quality pork, growing income of the middle-class population that need to meet the demand-supply gap has fuelled the growth of the feed vitamins market.
Concerning formulation in North America, the market is divided into liquid, dry. The dry form of feed has more demand among animal producers as they are easy to mix with feed. The ease of storage & handling and transportation & cost advantages over liquid form are also some of the factors that drive the demand for the dry form of feed vitamins. Thus, the dry segment is expected to continue its dominance during the forecast period.
Regarding geography, North America is estimated as a second dominant market in animal feed vitamin market in 2017. Canada, Mexico and the US are the prime consumers in the feed vitamins market in the North America region. The US is leading with the highest market followed by Mexico which is estimated to have the fastest growth. Also, the region has the significant feed industries in the world and consequently produces high demand for animal feed vitamin products. North America is said to be the fastest growing market as well, regarding animal feed vitamin owing to the increasing demand for meat and feed vitamin in the region.
North America Animal Feed Vitamin Market Trends:
- July 2018, ADM, Cargill complete agreement for soybean animal feed vitamin joint venture.
- Jan 2018, Vitanox, the natural antioxidant to replace vitamin E in animal feeds came into the market.
North America Animal Feed Vitamin Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- BASF SE
- Alltech
- Zhejiang Medicine Company Ltd
- CSPC Pharmaceutical Group Ltd
- Cargill
1. Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. The scope of the Study
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3. Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Growing application in the supplement industry
4.1.2. Industrialization of the livestock and meat industry
4.2. Restraints & Challenges
4.2.1. Growing awareness against the excessive use of chemicals
4.2.2. Ignorance about the health benefits of vitamin supplements
4.3. Opportunities
4.3.1. Increasing number of the meat consuming population
5. North America Animal Feed Vitamin Market – By Type
5.1. Introduction
5.2. Vitamin A
5.3. Vitamin B
5.4. Vitamin C
5.5. Vitamin D
5.6. Vitamin E
5.7. Vitamin K
6. North America Animal Feed Vitamin Market – By Livestock Type
6.1. Introduction
6.2. Swine
6.3. Ruminants
6.4. Poultry
6.5. Aquatic animals
6.6. Others
7. North America Animal Feed Vitamin Market – By Formulation
7.1. Introduction
7.2. Liquid
7.3. Dry
7.4. Others
8. North America Animal Feed Vitamin Market – By Function
8.1. Introduction
8.2. Single Functioned
8.3. Multi Functioned
9. North America Animal Feed Vitamin Market – By Geography
9.1. Introduction
9.2. North America
9.2.1. US
9.2.2. Canada
9.2.3. Mexico
10. Company Profiles
10.1. BASF SE
10.1.1. Company Overview
10.1.2. Business Segments
10.1.3. Financials (Public Companies)
10.1.4. Developments
10.1.5. SWOT Analysis (Public Companies)
10.2. Zhejiang Medicine Company Ltd.
10.3. Evonik Industries AG
10.4. DSM N.V
10.5. Chr. Hansen Holding A/S
10.6. Cargill
10.7. Alltech
10.8. Adisseo France SAS
10.9. CSPC Pharmaceutical Group Ltd
10.10. Archer Daniels Midland Company
10.11. Pharmative LLC
11. Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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