Feed Vitamin Market by Type and Size | Industry Report 2017-2021
The North America feed vitamin market is estimated to reach USD 1.52 billion by 2021 from USD 1.42 billion in 2016 by growing at a CAGR of 1.39 %.
(EMAILWIRE.COM, January 12, 2017 ) The North America feed vitamin market is estimated to reach USD 1.52 billion by 2021 from USD 1.42 billion in 2016 by growing at a CAGR of 1.39 %. North America vitamin feed market stands after Asia Pacific and Europe. US holds the largest share in the region followed by Canada. Dominance of US is because of its large geographical size, economy and favorable climatic conditions.
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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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.
Mainly the feed vitamin market is segmented into type of livestock including swine, ruminants, poultry, aquatic animals and others. They are either single functioned or multi functioned. On the basis of formulation, they are divided into liquid, dry and others (powder, pellet). Poultry is the largest and fastest growing segment due to increase in population and hence increase in the demand of meant and egg.
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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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.
Request For Sample: http://www.marketdataforecast.com/market-reports/north-america-feed-vitamin-market-590/request-sample
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.
Mainly the feed vitamin market is segmented into type of livestock including swine, ruminants, poultry, aquatic animals and others. They are either single functioned or multi functioned. On the basis of formulation, they are divided into liquid, dry and others (powder, pellet). Poultry is the largest and fastest growing segment due to increase in population and hence increase in the demand of meant and egg.
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.
For more Detials: http://www.marketdataforecast.com/market-reports/north-america-feed-vitamin-market-590/inquire
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results