(PharmaNewsWire.Com, November 15, 2017 ) The Middle East and Africa Water-Soluble Vitamin and Mineral Feed Supplements Market was worth USD 670 million in 2016 and estimated to be growing at a CAGR of 15%, to reach USD 510 million by 2021. The gaining popularity of the market can be accredited to growing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming and increasing consumer cautiousness.
Vitamins and Minerals are crucial for all the livestock as they have an important role in all the life stages. Vitamin and Mineral Feed Supplements make certain that the livestock is being provided the mandatory amount of Vitamins and Minerals required for their growth and health. They are recognized globally as they enrich the health of livestock thereby enhancing the quality of products gained from them. For example Ruminant vitamin and mineral feed supplements ensure proper milk producing capacity and disease prevention.
Increase in consumption of livestock meat, increase in use/consumption of by-products from livestock, growing population and increasing consumer awareness are the major factors accountable for the growth of market. Nevertheless, the low adoption rate and the high cost of raw material mandatory for the manufacture of vitamins and mineral supplements are the factors responsible for slowing down the growth of market. Moreover, technological advancements in synthesis of these supplements provide growing potential for the market.
The Middle East and Africa market for Water-Soluble Vitamin Feed Supplements is broadly characterised into Vitamin type, Mineral type and Livestock. Based on Vitamin type Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B9, Vitamin C and other Vitamins. Based on Mineral type Potassium Sources, Calcium Sources, Phosphorus Sources, Magnesium Sources, Sodium Sources, Iron Sources, Zinc Sources, Copper Sources, Manganese Sources and other sources. Based on Livestock Poultry, Swine, Ruminant, Aquaculture and other livestock. Based on geographical analysis the market is characterised into regions of Middle East and Africa. Vitamin B3 is the most widely used in Vitamin Feed supplement market due to its high importance in life stages of all livestock. Potassium sources is most widely used in Mineral Feed Supplement Market as it is an essential component of enzymes. Middle East is holding the largest share in the market accounting to its huge population and is also the fastest growing market.
Some of the key companies dominating the market include BASF SE, Alltech, Lonza Group AG, Nutreco N.V., Archer Daniels Midland Company, DLG Group, Royal DSM N.V., Kemin Industries, BlueStar Adisseo, InVivo Group.
Market Segmentation
1)Vitamin Type Introduction Vitamin B Vitamin B Vitamin B Vitamin B Vitamin B Vitamin B Vitamin C Other Vitamins Y-o-Y Growth Analysis, By Vitamin Type Market Attractiveness Analysis, By Vitamin Type Market Share Analysis, By Vitamin Type
2)Mineral Type Introduction Potassium Sources Calcium Sources Phosphorus Sources Magnesium Sources Sodium Sources Iron Sources Zinc Sources Copper Sources Manganese Sources Other Minerals Y-o-Y Growth Analysis, By Mineral Type Market Attractiveness Analysis, By Mineral Type Market Share Analysis, By Mineral Type
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