The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s water-soluble vitamins and mineral feed supplements market report forecasts the water-soluble vitamins and mineral feed supplements market size to grow to $8.70 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

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Water Soluble Vitamin And Mineral Feed Supplements Market Size Forecast
The global water-soluble vitamins and mineral feed supplements market is expected to grow from $4.64 billion in 2022 to $5.30 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global water-soluble vitamins and minerals in feed supplements market size is expected to reach $8.70 billion in 2027 at a CAGR of 13.8%.

Asia-Pacific held the largest water-soluble vitamins and mineral feed supplements market share, and Middle East was the fastest-growing region in 2022.

Key Water Soluble Vitamin And Mineral Feed Supplements Market Driver ­– Increase In Livestock Population
According to Eurostat, the Luxembourg-based statistical office, Italy’s pig population increased by 330,000 heads during November and December 2022, representing a 4% increase over the same time in 2021. Similarly, in comparison to the same period in 2021, Sweden’s pig population increased by 50,000 heads, or 3%. The European Union had a sizable livestock population in May 2022, with an estimated 142 million pigs, 76 million cattle, 60 million sheep, and 11 million goats. As a result, the growing livestock population will drive the expansion of the water-soluble vitamin and mineral feed supplements market in the future.

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Key Water Soluble Vitamin And Mineral Feed Supplements Market Trend – Product Innovations
To maintain their market position, major players in the water-soluble vitamin and mineral feed supplements industry are releasing revolutionary mineral feed supplements. For example, in October 2021, Boehringer Ingelheim International GmbH, a German pharmaceutical company, will release Bovikalc Dry, an oral mineral supplement that improves the comfort and well-being of dairy cows during the critical “dry off” period of 45 to 60 days before the next calf’s birth.

Water Soluble Vitamin And Mineral Feed Supplements Market Segment
1) By Vitamin Type: Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B9, Vitamin C, Other Vitamin Types
2) By Mineral Type: Potassium, Calcium, Phosphorus, Magnesium, Sodium, Iron, Zinc, Copper, Manganese, Other Mineral Types
3) By Application: Poultry, Swine, Ruminants, Aquaculture, Other Applications

Water Soluble Vitamin And Mineral Feed Supplements Market Major Players and Strategies
Major players in the water-soluble vitamins and mineral feed supplements market are Alltech Inc., Nutreco N.V., Royal DSM, Neovia Group, InVivo, BASF SE, Archer Daniels Midland Company (ADM), Kemin Industries Inc., Adisseo, Lonza Group AG, Bayer AG, Blackmores Limited, China National Chemical Corporation, Sanofi S.A., and Bee Health Limited.

Koninklijke DSM N.V., a Netherlands-based firm that manufactures and sells a variety of nutritional goods, paid $0.45 billion for First Choice Ingredients in October 2021. Royal DSM hopes to gain access to First Choice Ingredients’ technology, knowledge, and customer contacts in the animal feed business through this transaction. First Choice Ingredients is a manufacturer of water-soluble vitamins and mineral feed for the animal feed industry situated in the United States.

The Water Soluble Vitamin And Mineral Feed Supplements Global Market Report 2023 covers regional data on water-soluble vitamins and mineral feed supplements market size, water-soluble vitamins and mineral feed supplements market trends and drivers, opportunities, strategies, and water-soluble vitamins and mineral feed supplements market competitor analysis. The countries covered in the water-soluble vitamins and mineral feed supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Water-soluble vitamins and mineral feed supplements are vitamins and minerals that are used to complement grazing by giving essential vitamins, minerals, and trace minerals. Water-soluble vitamins are vitamins that dissolve easily in water and are easily absorbed by the tissues. Mineral feed supplements are mineral blends that can be fed to grazing animals during dry or rainy seasons when mineral and trace mineral availability is low.

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