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Water-Soluble Vitamin And Mineral Feed Supplements Market By Vitamin Type (Vitamin B1, Vitamin B2, & Vitamin B3), Mineral Type (Potassium Sources, Calcium Sources, & Phosphorus Sources), Livestock (Poultry, Swine, Ruminants, & Aquaculture) & Region for 2024-2031


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Water-Soluble Vitamin And Mineral Feed Supplements Market By Vitamin Type (Vitamin B1, Vitamin B2, & Vitamin B3), Mineral Type (Potassium Sources, Calcium Sources, & Phosphorus Sources), Livestock (Poultry, Swine, Ruminants, & Aquaculture) & Region for 2024-2031

Water-Soluble Vitamin And Mineral Feed Supplements Market Valuation – 2024-2031

The water-soluble vitamin and mineral feed supplements market, proper growth, and disease prevention in livestock are key drivers. The water-soluble vitamin and mineral feed supplements market report thoroughly evaluates the market, providing a comprehensive analysis of important segments, trends, drivers, restraints, competitive landscape, and other significant factors influencing the market. Water-Soluble Vitamin And Mineral Feed Supplements Market size was valued at USD 5.05 Billion in 2024 and is projected to reach USD 18.06 Billion by 2031

The expanding livestock industry is the primary driver of the global market growth for water-soluble vitamins and mineral feed additives. The market’s globalization is supported by increased awareness of various feed supplements available in developed countries. The demand for water-soluble vitamin and mineral feed supplements is also projected to rise due to their crucial role in preventing disease outbreaks. These factors have enabled the market grow at a CAGR of 15.20% from 2024 to 2031.

Water-Soluble Vitamin And Mineral Feed Supplements MarketDefinition/ Overview

Water-soluble vitamin and mineral feed supplements are concentrated sources of important nutrients that are added to animal feed to promote optimal health and performance. Unlike fat-soluble vitamins, which can be retained in the body, water-soluble vitamins and minerals are quickly absorbed and eliminated. This means animals require a regular supply in their diet.

These pills contain nine critical water-soluble vitaminsVitamin C plus all of the B vitamins (B1, B2, B3, B5, B6, B7, B9, and B12). Minerals such as calcium, phosphorus, magnesium, and electrolytes are frequently included. Each nutrient serves a specific purpose in the animal’s body. B vitamins help regulate energy metabolism, nervous system function, and cell health. Vitamin C boosts the immune system and stimulates collagen formation. Minerals contribute to normal bone growth, muscular function, and fluid balance.

These supplements are commonly utilized in a variety of animal production systems, including poultry, pigs, cattle, and aquaculture. Farmers use them to alleviate nutrient deficits that might result from a variety of reasons. These constraints include restrictions in the natural constituents of basic feeds such as grains and forages, higher production demands on animals, and stress caused by environmental variables or sickness.

These supplements help animals by delivering a steady and balanced intake of water-soluble vitamins and minerals. They can also help lower the danger of deficiencies, which can lead to diseases and financial losses for farmers.

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Will Increasing Demand for Animal Protein Drive the Water-Soluble Vitamins and Mineral Feed Supplement Market?

In the water-soluble vitamin and mineral feed supplement market, the rising demand for animal protein is a major driver market. The rising demand for animal protein is a major driver of the water-soluble vitamin and mineral feed supplement market. As the world’s population and earnings expand, particularly in emerging countries, so does the consumption of animal-based goods like meat, dairy, and eggs. To meet increased demand, livestock producers are concentrating on improving animal productivity and health.

Water-soluble vitamins and mineral feed additives are essential for improving feed efficiency, increasing immunological function, and maintaining optimal animal growth and development. As a result, increased demand for animal protein leads to a greater requirement for high-quality feed supplements, which drives market expansion.

Furthermore, customer preferences are shifting toward higher-quality, safer animal products. This tendency requires livestock farmers to invest in higher animal nutrition in order to create high-quality products. Water-soluble vitamins and mineral supplements are crucial for livestock health and well-being, resulting in higher-quality meat, milk, and eggs. This consumer-driven demand for excellence accelerates the use of these feed supplements. To summarize, rising demand for animal protein is a key factor driving the growth of the water-soluble vitamins and mineral feed supplement market, necessitating the usage of innovative nutritional solutions to preserve and improve livestock output.

 Will the High-Cost Hamper the Water-Soluble Vitamins and Mineral Feed Supplement Market?

The high cost of water-soluble vitamins and mineral feed additives is expected to limit market expansion. Small and medium-sized livestock farmers, particularly in developing countries, sometimes work with little financial means. The increased costs of high-quality feed supplements might be prohibitively expensive, making it difficult for these farmers to purchase and use them regularly.

As a result, despite the potential benefits, many farmers may choose cheaper, less effective options or avoid supplements entirely. This cost barrier considerably reduces the market’s potential client base, especially in locations where improved animal nutrition is crucial for increasing livestock productivity.

Furthermore, the high expenditures involved with these supplements’ production, research, and regulatory compliance increase their overall cost. Manufacturers must invest heavily to ensure their products meet high safety and efficacy criteria, which raises the final price for customers. This circumstance may constitute a barrier to entrance for new market participants, thereby restricting competition and innovation. The cumulative effect of these cost-related issues might restrict market penetration and growth, especially in price-sensitive areas, limiting the overall growth of the water-soluble vitamins and mineral feed supplement market.

Category-Wise Acumens

Will Potassium Source Accelerate the Water-Soluble Vitamin And Mineral Feed Supplement Market?

Potassium is a crucial nutrient for animals, as it cannot be synthesized internally like some vitamins. Animals rely heavily on dietary sources to meet their potassium needs because their bodies are unable to store significant excess amounts. Therefore, regular supplementation is essential to maintain adequate potassium levels and ensure optimal health and function. Without consistent dietary intake, animals can quickly become deficient, highlighting the importance of potassium in their diet.

Potassium plays a critical role in muscle function, nerve transmission, and fluid balance in animals. This leads to more efficient feed utilization, enhanced energy production, and improved growth and performance in livestock. Consequently, farmers observe significant benefits in their animals’ health and productivity, making potassium supplementation a valuable component of livestock nutrition.

Will the Poultry Segment Raise Annually for Meat and Eggs in The Water-Soluble Vitamin And Mineral Feed Supplement Market?

By revenue, poultry emerges as the current market leader in the water-soluble vitamin and mineral feed supplement market. This dominance is driven by several factors, chief among them being the sheer size of the global poultry industry, which encompasses billions of birds raised annually for both meat and eggs.

Furthermore, poultry have specific nutritional needs, such as the requirement for Vitamin B complex to ensure proper eggshell formation and zinc to bolster immune function. Water-soluble supplements are particularly effective in meeting these precise dietary requirements, thereby enhancing overall growth and disease resistance in poultry.

Consequently, the combination of the large-scale poultry industry and their targeted nutritional demands solidifies poultry’s position as the top revenue generator in the water-soluble vitamin and mineral feed supplement market.

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Country/Region-wise Acumens

Will the Water-Soluble Vitamin And Mineral Feed Supplements Market Emerged the Asia Pacific Region?

Region-wise, the Asia Pacific is anticipated to hold the largest market share of the water-soluble vitamin and mineral feed supplements market, in terms of revenue, by 2031.

This projected dominance is largely attributed to the increasing adoption of vitamins, which are essential for enhancing disease resistance and ensuring a strong metabolic breakdown in livestock. As farmers in the Asia Pacific region become more aware of the benefits of these supplements, their usage has surged, significantly driving market growth. This trend is especially evident in rapidly developing countries like China and India, where there is a growing emphasis on optimizing animal health and productivity to meet the rising demand for meat and dairy products.

Additionally, the presence of well-structured farming practices within the aquaculture and poultry industries in the Asia Pacific region further bolsters market growth. Countries such as China and India have made significant advancements in farming techniques, leading to more organized and large-scale operations that prioritize efficient and sustainable animal nutrition. This, in turn, supports the overall health and performance of livestock, contributing to the robust growth of the feed supplement market in the Asia Pacific.

Will the health and productivity of livestock Propel the North American Region?

The growth of the water-soluble vitamin and mineral feed supplements market in North America is fueled by several key factors. The region boasts a large and well-developed livestock industry, particularly in the United States and Canada. With established production systems, there is a consistently high demand for feed supplements to support the health and productivity of livestock.

Moreover, farmers in North America are increasingly focused on enhancing animal health and improving production efficiency. Water-soluble supplements are recognized as essential tools in achieving these goals, driving their widespread adoption across the region.

Furthermore, stricter regulations on antibiotic use in animal feed are contributing to the growth of the market. Regulatory bodies are imposing tighter guidelines, prompting farmers to seek alternative solutions to support animal health and prevent diseases. As a result, there is a growing reliance on vitamin and mineral supplements as viable substitutes for traditional antibiotic-based feed additives.

Competitive Landscape

The water-soluble vitamin and mineral feed supplements market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the market include

  • Pharmavite LLC
  • Salus-Haus
  • Puritan’s Pride
  • General Nutrition Centers Inc.
  • Webber Naturals
  • Pfizer Inc.
  • DSM
  • Daiichi Sankyo
  • CSPC Pharmaceutical Group
  • Hainan Yangshengtang, Eisai
  • Jamieson
  • Sanofi China
  • Dabur India Limited
  • Herbalife International India Pvt. Ltd.
  • Amway India Enterprises Pvt. Ltd.
  • Himalaya Drug Company
  • Abbott India Limited

Latest Developments

  • In October 2021, Royal DSM, a global science-based company driven by purpose, announced the completion of its acquisition of First Choice Ingredients. First Choice Ingredients, a renowned provider of Savory flavourings derived from dairy, was successfully acquired by Royal DSM in September 2021.
  • In November 2021, ADM, a global leader in agricultural origination, processing, and nutrition, finalized its acquisition of Sojaprotein, a prominent supplier of non-GMO soy products in Europe. This strategic acquisition significantly enhances ADM’s ability to meet the growing demand for plant-based foods and beverages. Additionally, it strengthens ADM’s global alternative protein capabilities, positioning the company as a key player in the rapidly expanding market for plant-based protein products.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~15.20 % from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Vitamins
  • Livestock
  • Minerals
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Key Players

Pharmavite LLC, Salus-Haus, Puritan’s Pride, General Nutrition Centers Inc., Webber Naturals, Pfizer Inc., DSM, Daiichi Sankyo, CSPC Pharmaceutical Group, Hainan Yangshengtang, Eisai, Jamieson, Sanofi China, Dabur India Limited, Herbalife International India Pvt. Ltd., Amway India Enterprises Pvt. Ltd., Himalaya Drug Company, Abbott India Limited

Customization

Report customization along with purchase available upon request

Water-Soluble Vitamin and Mineral Feed Supplements Market, By Category

Vitamin

  • Vitamin B1
  • Vitamin B2
  • Vitamin B3

Livestock

  • Poultry
  • Swine
  • Ruminants
  • Aquaculture

Mineral

  • Potassium
  • Calcium
  • Phosphorous

Region

  • North America
  • Asia-Pacific
  • Europe

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Pivotal Questions Answered in the Study

Some of the key players leading in the market include Pharmavite LLC, Salus-Haus, Puritan’s Pride, General Nutrition Centers Inc., Webber Naturals, Pfizer Inc., DSM, Daiichi Sankyo, CSPC Pharmaceutical Group, Hainan Yangshengtang, Eisai, Jamieson, Sanofi China, Dabur India Limited, Herbalife International India Pvt. Ltd., Amway India Enterprises Pvt. Ltd., Himalaya Drug Company, and Abbott India Limited
The growing livestock sector along with the adoption of Enhanced Focus on animal health and disease prevention practices is propelling the demand for the adoption of Water-Soluble Vitamin and Mineral Feed Supplements market.

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )