Product Code: A15583
According to a new report published by Allied Market Research, titled, "Poultry Vitamin Market," The poultry vitamin market was valued at $1.4 billion in 2022, and is estimated to reach $2.8 billion by 2032, growing at a CAGR of 7.6% from 2023 to 2032.
Meat is a crucial source of sustenance for consumers across the globe. The supply of meat has more than tripled in the previous 50 years, and there is an increasing demand for meat globally. Meat production and consumption has increased rapidly over the years due to increased disposable income of consumers and the health benefits offered by meat. Moreover, rising population across the globe also contributes in huge consumption of meat. In addition, meat is a rich source of proteins, important vitamins, and various other nutrients such as iron, zinc, B12, and B6. It has been observed that meat consumption in the developing economies is higher than the developed regions. The economic growth, changes in lifestyle, population growth, and other structural changes are driving the livestock revolution, and hence supplementing the overall growth of the animal vitamin market.
According to the key players, only a rigorous quality assurance program and current good manufacturing practices are capable of producing a high-quality vitamin (cGMP). A proactive, ongoing procedure for assessing a product's reproducibility and dependability ensures quality assurance of poultry vitamin. It includes all of the actions taken to guarantee that a quality vitamin meets predefined standards. Also, personnel, equipment, raw materials, quality control inspections, inventory management, processing, mixing, packaging, and delivery are monitored for quality poultry vitamin production. Hence, such complex regulations and quality standards refrains numerous manufacturers to enter in the poultry vitamin market. Also, government intervention for usage of poultry vitamin in every country is expected to restrain the market growth. The antibiotics used in poultry feed are banned in some of the countries. As a result of which, the feed enterprises carry out formula adjustments and make changes in feed processing, which is a time-consuming process. Thus, implementation of stringent regulations hampers the market growth.
Poultry vitamin are in high demand in Asia-Pacific, where they are mostly used in the poultry feed sector. According to the FAO report "World Agriculture: Towards 2030/2050," the population of developing nations in the Asia-Pacific region, including India, China, and Indonesia, is expected to increase their consumption of meat products at an annual rate of 2.4% until 2050. Due to such factors, there will be a huge demand for the high-quality feed and thereby for feed binders. Hence, there is a great opportunity for the manufacturers to increase their market share.
The poultry vitamin market is segmented into vitamin type, poultry type, nature and region. Based on vitamin type, the market is segmented into retinol, calciferol, tocopherol, phylloquinone and others. Based on poultry type, the market is segmented into chicken, ducks, turkey, and others. Based on nature the market is segmented into organic and conventional. Region wise, the market is further segmented into North America, Europe, Asia-Pacific and LAMEA.
Key Players included in the Poultry Vitamin Market Analysis are Bluestar Adisseo Company, BASF SE, Kemin Industries, Inc., Zinpro Corporation, SHV Holdings N.V., Koninklijke DSM N.V., Cargill, Incorporated, QualiTech, LLC, Anpario plc, and Balchem Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the poultry vitamin market analysis from 2022 to 2032 to identify the prevailing poultry vitamin market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the poultry vitamin market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global poultry vitamin market trends, key players, market segments, application areas, and market growth strategies.
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- Senario Analysis & Growth Trend Comparision
- Upcoming/New Entrant by Regions
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- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
Key Market Segments
By Product Type
- Chicken
- Ducks
- Turkey
- Others
By Nature
By Vitamin Type
- Retinol
- Calciferol
- Tocopherol
- Phylloquinone
- Others
By Region
- North America
- Europe
- UK
- Germany
- Italy
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players:
- Bluestar Adisseo Company
- Kemin Industries, Inc.
- SHV Holdings N.V.
- Cargill, Incorporated
- Balchem Corporation
- Zinpro Corporation
- Anpario plc
- Koninklijke DSM N.V.
- QualiTech, LLC
- BASF SE
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in meat production and consumption
- 3.4.1.2. Standardization of meat products due to disease outbreaks
- 3.4.1.3. The growing emphasis on fortified feed for poultry vitamins
- 3.4.2. Restraints
- 3.4.2.1. Rise in raw material cost
- 3.4.2.2. Stringent regulations and international quality standards
- 3.4.3. Opportunities
- 3.4.3.1. Increase in utilization of antibiotics for poultry vitamin
- 3.4.3.2. Rise in demand in Asia-Pacific
CHAPTER 4: POULTRY VITAMIN MARKET, BY PRODUCT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Chicken
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Ducks
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Turkey
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: POULTRY VITAMIN MARKET, BY NATURE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Conventional
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Organic
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: POULTRY VITAMIN MARKET, BY VITAMIN TYPE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Retinol
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Calciferol
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Tocopherol
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Phylloquinone
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: POULTRY VITAMIN MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Product Type
- 7.2.3. Market size and forecast, by Nature
- 7.2.4. Market size and forecast, by Vitamin Type
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Product Type
- 7.2.5.1.2. Market size and forecast, by Nature
- 7.2.5.1.3. Market size and forecast, by Vitamin Type
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Product Type
- 7.2.5.2.2. Market size and forecast, by Nature
- 7.2.5.2.3. Market size and forecast, by Vitamin Type
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Product Type
- 7.2.5.3.2. Market size and forecast, by Nature
- 7.2.5.3.3. Market size and forecast, by Vitamin Type
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Product Type
- 7.3.3. Market size and forecast, by Nature
- 7.3.4. Market size and forecast, by Vitamin Type
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Product Type
- 7.3.5.1.2. Market size and forecast, by Nature
- 7.3.5.1.3. Market size and forecast, by Vitamin Type
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Product Type
- 7.3.5.2.2. Market size and forecast, by Nature
- 7.3.5.2.3. Market size and forecast, by Vitamin Type
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by Product Type
- 7.3.5.3.2. Market size and forecast, by Nature
- 7.3.5.3.3. Market size and forecast, by Vitamin Type
- 7.3.5.4. France
- 7.3.5.4.1. Market size and forecast, by Product Type
- 7.3.5.4.2. Market size and forecast, by Nature
- 7.3.5.4.3. Market size and forecast, by Vitamin Type
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Product Type
- 7.3.5.5.2. Market size and forecast, by Nature
- 7.3.5.5.3. Market size and forecast, by Vitamin Type
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Product Type
- 7.3.5.6.2. Market size and forecast, by Nature
- 7.3.5.6.3. Market size and forecast, by Vitamin Type
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Product Type
- 7.4.3. Market size and forecast, by Nature
- 7.4.4. Market size and forecast, by Vitamin Type
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Product Type
- 7.4.5.1.2. Market size and forecast, by Nature
- 7.4.5.1.3. Market size and forecast, by Vitamin Type
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Product Type
- 7.4.5.2.2. Market size and forecast, by Nature
- 7.4.5.2.3. Market size and forecast, by Vitamin Type
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Product Type
- 7.4.5.3.2. Market size and forecast, by Nature
- 7.4.5.3.3. Market size and forecast, by Vitamin Type
- 7.4.5.4. Australia
- 7.4.5.4.1. Market size and forecast, by Product Type
- 7.4.5.4.2. Market size and forecast, by Nature
- 7.4.5.4.3. Market size and forecast, by Vitamin Type
- 7.4.5.5. South Korea
- 7.4.5.5.1. Market size and forecast, by Product Type
- 7.4.5.5.2. Market size and forecast, by Nature
- 7.4.5.5.3. Market size and forecast, by Vitamin Type
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Product Type
- 7.4.5.6.2. Market size and forecast, by Nature
- 7.4.5.6.3. Market size and forecast, by Vitamin Type
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Product Type
- 7.5.3. Market size and forecast, by Nature
- 7.5.4. Market size and forecast, by Vitamin Type
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Product Type
- 7.5.5.1.2. Market size and forecast, by Nature
- 7.5.5.1.3. Market size and forecast, by Vitamin Type
- 7.5.5.2. Argentina
- 7.5.5.2.1. Market size and forecast, by Product Type
- 7.5.5.2.2. Market size and forecast, by Nature
- 7.5.5.2.3. Market size and forecast, by Vitamin Type
- 7.5.5.3. Saudi Arabia
- 7.5.5.3.1. Market size and forecast, by Product Type
- 7.5.5.3.2. Market size and forecast, by Nature
- 7.5.5.3.3. Market size and forecast, by Vitamin Type
- 7.5.5.4. United Arab Emirates
- 7.5.5.4.1. Market size and forecast, by Product Type
- 7.5.5.4.2. Market size and forecast, by Nature
- 7.5.5.4.3. Market size and forecast, by Vitamin Type
- 7.5.5.5. South Africa
- 7.5.5.5.1. Market size and forecast, by Product Type
- 7.5.5.5.2. Market size and forecast, by Nature
- 7.5.5.5.3. Market size and forecast, by Vitamin Type
- 7.5.5.6. Rest of LAMEA
- 7.5.5.6.1. Market size and forecast, by Product Type
- 7.5.5.6.2. Market size and forecast, by Nature
- 7.5.5.6.3. Market size and forecast, by Vitamin Type
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. BASF SE
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Bluestar Adisseo Company
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Zinpro Corporation
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
- 9.4. SHV Holdings N.V.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Kemin Industries, Inc.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Key strategic moves and developments
- 9.6. Koninklijke DSM N.V.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Cargill, Incorporated
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. QualiTech, LLC
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Anpario plc
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Balchem Corporation
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance