What is Veterinary Feed Supplement Market?
Veterinary feed supplements is defined as the food supplements for farm animals which cannot get enough nutrients from regular meals. It includes fatty acids, minerals, vitamins, amino acids, among others. It is mostly manufactured by various feed compounds such as meal type, pellets, crumbles, among others. The numerous benefits of using veterinary feed supplements such as instant relief from stress, enhances disease resistance, better growth, and increase in body weight among others. It is widely used for packing supplements in order to quality and shelf life remains intact.
The market study is being classified and major geographies with country level break-up.
Adisseo France SAS (France), Charoen Pokphand Foods Public Company Ltd. (Thailand), Alltech, Inc. (United States), Novozymes A/S (Denmark), Cargill, Inc. (United States), Nutreco N.V. (Netherlands), Evonik Industries AG (Germany), Chr. Hansen Holding A/S (Denmark), Archer Daniels Midland Company (United States) and BASF SE (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ajinomoto Co., Inc. (Japan), Biomin Holdings Gmbh (Austria), Danisco A/S (Denmark), Elanco Animal Health (United States), Kemin Industries (United States) and Indian Genomix Pvt. Ltd (India).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global veterinary feed supplement market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Veterinary Feed Supplement market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Veterinary Feed Supplement market by Type, Application and Region.
On the basis of geography, the market of Veterinary Feed Supplement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Concerns Regarding the Quality of Meat and Meat Products Consumed
- Growing Usage of Antibiotics as Feed Additives
Market Trend
- Technological Developments of Veterinary Feed Additives
Restraints
- Regulatory Structure & Interventions
Opportunities
- Increasing Market Opportunities in Asia-Pacific & Latin America
- Growing Research & Technological Advancements in the Feed Industry
Challenges
- Varying Consumers’ Requirement
In January 2016, the Basf Se (Germany) Company has revealed a new product in order to unlock hidden nutrients for the animal feed industry. It will bring an extensive range of benefits to the animal feed industry and to local farmers.
Key Target Audience
Manufacturers of Veterinary Feed Supplement, Suppliers of Veterinary Feed Supplement, Wholesalers, Distributors and Retailers of Veterinary Feed Supplement, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others