MARKET REPORT FEED & ADDITIVE MAGAZINE November 2024 79 population and the growing demand for animal products such as meat, milk and eggs are driving the need for efficient and sustainable livestock production. However, challenges such as water shortages and climate change are affecting the growth of the market. COMPETITIVE ENVIRONMENT FOR SUPPLIERS The global feed vitamins market is highly complex and competitive, with numerous players competing for market share and offering a wide range of products. Key players in this market include multinational companies, regional suppliers, and specialty chemical companies. Companies are investing in research and development to create advanced formulations of feed vitamins that improve animal health and productivity. Large players are forming partnerships and acquiring smaller companies to expand their presence and product offerings in the market. However, intense competition in the market can lead to price pressure and margin loss. Other market risks for suppliers are strict legislative requirements, fluctuating raw material prices and supply chain disruptions. All of these can lead to higher production costs, restricting profitability and competitiveness. However, some of these risks can also have the opposite effect. Demand for animal proteins in particular, coupled with growing consumer awareness of food safety and quality, is driving the demand for high-quality feed additives, including vitamins. According to analysts, the development of innovative feed technologies, such as encapsulated vitamins and slow-release formulations, also presents opportunities for suppliers to develop value-added products. Increased focus by consumers and governments on sustainability and environmental impact is also driving the demand for sustainable feed additives in particular. References 1. Maximize animal health and performance with optimum vitamin levels 2. XIII. Vitamins – A Guide to the Principles of Animal Nutrition 3. Global Feed Vitamins Market and Trends - Feed & Additive Magazine 4. Feed Vitamins Market Size & Share Analysis - Industry Research Report - Growth Trends 5. Feed Vitamins Market Growth, Size & Share Analysis | 2031 6. Feed Vitamins - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2029 7. Global Feed Vitamins Market - 2023-2030 8. Animal Feed Vitamin Market Size, Industry Trends, Analysis 2024-2028 • Adisseo • ADM • Alltech • Amorvet • Anfotal Nutritions • Animix LLC • Arasco • Atrium Innovations • BASF SE - Aland • BEC Feed Solutions • Biovet S.A. • Brenntag SE • BTSA • Burkmann Industries • Cargill • Dallas Keith Ltd • DLG Group • Dsm-firmenich • Elanco Animal Health • Evonik Industries • Farbest Brands • Farmann • Glanbia PLC • Grain Corp Ltd • Growel Agrovet • Helm Ag • Impextraco NV • Kcomber • Kemin Industries • Land O Lakes • Lantmannen • Leo Bio-Care Pvt. Ltd • Lonza Group Ltd. • Masterfeeds • Nestlé • Northern Nutrition • Novus International • Nutreco • Nutritech International • Nutrius LLC • Phibro Animal Health • Prinova Group LLC • Rabar Animal Nutrition • Royal Agrifirm Group • Salvana Tiernahrung • SHV Holdings • Sinochem Group • SternVitamin • Total Feeds • VDS Pharma • Vilofoss • Vitablend Nederland • Vitafor Belgium • Watson Inc • Zagro Asia Limited • Zeus Biotech • Zhejiang Medicine Group • Zinpro SOME SUPPLIERS IN THE FEED VITAMINS MARKET:
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