Water-Soluble Vitamins worth $1,640.2 Million and Water Soluble Minerals worth $ 2,092.8 Million by 2019, According to a New Study on ASDReports

Thursday 22 May 2014, Amsterdam

The report “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 & Forecasts Up to 2019” defines and segments the feed water-soluble vitamins & minerals market with analysis and projection of the global market value of the feed water-soluble vitamins and minerals market. It also identifies the driving and restraining factors for the global market with analyses of the trends, opportunities, burning issues, winning imperatives, and challenges.

The market is segmented and market size, in terms of value, is projected on the basis of main regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The markets of key countries of each region are studied and projected. Further, the market is segmented and value is projected on the basis of types, livestock, and geography.

Feed water-soluble vitamins and minerals are those additives that are added to the animal feed to improve upon its nutritive value, help the animal to grow faster and healthier, and help them gain immunity against various infectious diseases. Thus, feed water-soluble vitamins and minerals optimize and maintain the health of animals that are finally consumed by humans.

The driving factors of the demand in this market are the awareness regarding the importance of nutritional content in animal source foods and the recent outbreaks of livestock diseases. The main restraint of the industry is the increase in raw material cost for producing or extracting these water-soluble vitamins and minerals. The market for water-soluble vitamins was estimated to be worth around $1,321.5 million in 2013 and is projected to reach $1,640.2 million by 2019, growing at the CAGR of 3.8% from 2014. The market of water-soluble minerals is projected to grow to 2,092.8 million by 2019, at a CAGR of 3.2% for the period under review. The leading manufacturers are focusing on expansion of businesses across regions and setting up new plants for increasing production capacity and their product line. The leading industry participants are involved in mergers & acquisitions to penetrate the untapped markets.