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Global Water-Soluble Vitamin and Mineral Feed Supplements Market

Global Water-Soluble Vitamin and Mineral Feed Supplements

The gaining importance of the market can be accounted to increasing livestock population, increasing consumption of livestock by-products, economic activities, organized livestock farming and increasing consumer awareness. The Global Water-Soluble Vitamin and Mineral Feed Supplements Market was worth USD 8.33 billion in 2016 and estimated to be growing at a CAGR of 5.7%, to reach USD 11 billion by 2021. Browse Full Report with TOC @ Vitamins and Minerals are essential for all the livestock as they play an important role in all the life stages. Vitamin and Mineral Feed Supplements ensure that the livestock is being provided the requisite amount of Vitamins and Minerals essential for their growth and well being. They have gained global reputation as they enhance the health of livestock thereby enhancing the quality of products obtained from them. For example Ruminant vitamin and mineral feed supplements ensure proper milk producing capacity and disease prevention. The main drivers for the growth of this market are increase in daily consumption of livestock meat, increase in use/consumption of by-products from livestock, increasing global population and increasing consumer awareness. However, the low adoption rate and the high cost of raw material required for the synthesis of vitamins and mineral supplements are the challenges to be tackled. Additionally, technological advancements in synthesis of these supplements provide growing potential for the market. Get Free Sample Copy of Report @ The Global market for Water-Soluble Vitamin Feed Supplements is broadly categorized 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 categorized into regions of North America, Asia-Pacific, Europe, Latin America and 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. Asia-Pacific is holding the largest share in the market accounting to its huge population and Middle East is the fastest growing market. Browse Customize before buying @ Water-Soluble Vitamin and Mineral Feed Supplements Market Segmentation: Vitamin Type Introduction Vitamin B1

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