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New Revenue Pockets: Feed Water-soluble Vitamins and Minerals
The feed water-soluble vitamins and minerals market is a continuously growing. Companies in this industry are adopting expansion and mergers & acquisitions as their growth strategies. Poultry is considered as a main livestock type, which is estimated to be the largest consumer of feed water-soluble vitamins and minerals, while swine is estimated to be the second-largest consumer. Vitamin B in water-soluble vitamins, and iron sources in water-soluble minerals are gaining popularity. Companies such as Nutreco (The Netherlands), Phibro Animal Health Corporation (U.S.), and Lonza Group (Switzerland) have adopted expansion and acquisition as strategies to enhance their penetration in the feed water-soluble vitamins and minerals market.
With more and more importance being given to the nutrition of animal source foods and rise in awareness for the dairy and meat products, the inclusion of water-soluble vitamins and minerals in the feed is becoming a largely adopted practice; however, the rising raw material cost is becoming a hindrance in the development of this industry.
Feed Water-Soluble Vitamins & Minerals Market by Type [Water-Soluble Vitamins (Vitamin B and Vitamin C), Water-Soluble Minerals (Iron Sources, Zinc Sources, Copper Sources, Manganese Sources, Others)], by Livestock & Geography - Trends & Forecast up to 2019
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