Global Feed Grade Vitamin A Market - 2023-2030

Overview

Global Feed Grade Vitamin A Market reached US$ 795.20 million in 2022 and is expected to reach US$ 1079.94 million by 2030, growing with a CAGR of 3.90% during the forecast period 2023-2030.

As the global population continues to grow, there is an increasing demand for animal-derived products such as meat, dairy, and eggs. As per FAO, by 2030, it is anticipated that the protein content of meat from sheep, pigs, poultry, and cattle will increase by 5.9%, 13.1%, 17.8%, and 15.7%, respectively. This drives the need for feed supplements like vitamin A to enhance animal health and productivity.

The growing emphasis on animal welfare and overall livestock health has led to the adoption of nutritional strategies that prioritize animal well-being. Feed-grade vitamin A has become a crucial component of animal diets, as it plays a vital role in essential biological processes like vision, immune support, and growth. This nutritional approach is instrumental in ensuring the health and performance of animals in the livestock industry.

Poultry hold a significant share of the feed-grade vitamin A market due to the rising demand for vitamins in poultry production to meet the growing poultry meat and egg demand. Asia-Pacific holds the highest share of the feed-grade vitamin A market due to its rising livestock farming and focus on animal welfare. In June 2023, India Union Minister of Fisheries, Animal Husbandry, and Dairying launched the Nandi portal to help farmers by promoting the livestock industry.

Dynamics

Rising Focus on Animal Health and Welfare

There is a growing focus on animal health and welfare which drives various feed supplements including the vitamin A product. In December 2022, India's government declared the implementation of the Livestock Health and Disease Control Program (LHDCP) nationwide. The program's objective is to reduce the danger to animal health. Vitamin A is vital for animals, supporting functions like vision, immunity, growth, and reproduction. Prioritizing animal health and welfare includes ensuring they receive sufficient nutrition, particularly vitamin A, to thrive.

Vitamin A bolsters animal immune systems, enhancing their resilience against diseases and infections. Producers prioritize proper nutrition, including vitamin A supplementation, to lower the risk of illnesses and promote overall animal health. This focus on animal well-being drives the demand for feed-grade vitamin A in the animal agriculture industry.

Increasing Demand for High-Quality Animal Protein

As global populations grow and incomes rise, there is a rising demand for high-quality animal protein, such as meat, eggs, dairy, etc. According to FAO, Compared to the base period average of 2018-2020, the global consumption of animal proteins is expected to expand by 14% by 2030. This trend reflects the increasing preference for nutritious and flavorful animal products in the market. Proper animal nutrition, including vitamin A, is integral to meeting these preferences.

High-quality animal protein production necessitates providing animals with essential nutrition, including vitamin A. Efficient animal growth and development are critical for achieving superior animal protein. Proper animal nutrition, which includes vitamin A supplementation, is vital to ensure animals reach their full growth potential, meeting the demand for nutritious and flavorful animal products.

High Cost of Feed-Grade Vitamin A Compared to Other Feed Additives

The increasing availability of alternative feed additives like probiotics and enzymes presents a challenge to the feed-grade vitamin A market. Compared to other feed additives, vitamin A is often more expensive to produce and incorporate into animal feed. This cost differential can make vitamin A less attractive to feed manufacturers and farmers who seek cost-effective options for animal nutrition.

Farmers, particularly in regions with limited financial resources, may find it challenging to afford feed-grade vitamin A. This financial barrier can lead to reduced adoption of vitamin A supplementation in animal diets which restrain its market growth globally.

Segment Analysis

The global feed grade vitamin A market is segmented based on type, livestock, distribution channel and region.

Rising Demand for Poultry Meat

Poultry is a staple protein source for diverse populations worldwide. The USDA reports an 86% increase in global poultry meat consumption over the past two decades, reaching 128 million metric tons in 2021. This demand requires efficient and high-quality poultry farming practices, which often include providing vitamin A supplements for optimal growth and health.

Vitamin A is vital for poultry growth, supporting efficient weight gain and muscle development. This is particularly crucial for broilers, as it directly influences meat production. Adequate vitamin A supplementation in poultry diets ensures optimal muscle development and contributes to high-quality meat. Efficient growth is essential for the economic viability of poultry production.

Geographical Penetration

Asia-Pacific's Growing Livestock Industry

Asia-Pacific has a strong presence in livestock farming, including poultry, swine, and aquaculture. According to the 20th Livestock Census published in April 2022 by the Ministry of Fisheries, Animal Husbandry & Dairying, India, in 2019 there are 536.76 million livestock people in the nation. Vitamin A supplementation is integral to maintaining the health and performance of these livestock sectors.

Asia-Pacific has a well-established feed production industry, offering the necessary infrastructure for the effective inclusion of vitamin A in animal diets. This robust feed sector supports the region's thriving livestock and aquaculture industries, ensuring that animals receive essential nutrition, contributing to their health, growth, and overall productivity. In December 2020, Trouw Nutrition opened a new animal feed production facility in Jadcherla, India. The new plant will produce feed safety solutions, mineral blends, vitamin premixes, and poultry, dairy, and pet feed for consumers in South Asia.

Competitive Landscape

The major global players include: Adisseo, DSM, BASF SE, Zhejiang NHU Co., Ltd., Kingdomway Nutrition, Inc., Rabar Animal Nutrition, Orchem Products, Zhengzhou Delong Chemical Co., Ltd., Foodchem, and BelChemService.

COVID-19 Impact Analysis:

COVID Impact

The pandemic introduced uncertainty into the global economy, which, in turn, affected the animal agriculture sector. The pandemic disrupted supply chains, affecting the production and distribution of feed-grade vitamin A. Lockdowns, restrictions, and reduced labor availability in some regions contributed to these disruptions.

The demand for animal products experienced fluctuations during the pandemic. While there were disruptions in some livestock sectors, such as poultry and swine, others, like aquaculture, remained relatively stable. These demand variations influenced the need for feed-grade vitamin A.

Russia- Ukraine War Impact

The war disrupted transportation routes and affected the supply chain for feed-grade vitamin A. This disruption impacted the availability and pricing of feed-grade vitamin products in the affected regions and beyond. Geopolitical tensions led to economic uncertainty. Uncertain economic conditions affected the decisions of farmers and the livestock industry in general. Investments in animal nutrition, including feed-grade vitamin A, may be influenced by this uncertainty.

The war impacted livestock farming in these regions. A decrease in livestock production reduced the need for animal feed supplements to use and restrain its market growth. The war caused instability in the livestock products market potentially leading to an impacted Feed grade vitamin market.

By Type

• High Purity Feed Grade Vitamin A
• Low Purity Feed Grade Vitamin A

By Livestock

• Poultry
• Swine
• Ruminants
• Aquaculture
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• E-Commerce
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In July 2023, BASF SE announced that the construction phase of the project to expand its vitamin A formulation factory at its Verbund location in Ludwigshafen, Germany, went according to plan.
• In February 2023, DSM, declared that it was resuming the production of Rovimix Vitamin A. The company announced a temporary halt to Vitamin A production at the site in November 2022.
• In October 2021, De Heus subsidiary Koudijs announced that it had opened a new feed additive plant in the Lviv region, Ukraine for €7.8 million (US$9.2 million). Koudijs is expected to produce 1,500 tonnes of different vitamin and mineral supplements for farm animals each month.

Why Purchase the Report?

• To visualize the global feed grade vitamin A market segmentation based on type, livestock, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed grade vitamin A market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global feed grade vitamin A market report would provide approximately 61 tables, 59 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies