Feed water-soluble vitamins and minerals are additives that are fed to animals in order to fulfill its nutritional requirements. They help the animals in growth and development, with enhancements helping the animal through the reproduction stages. Due to a number of functions such as strengthening the bones of the animals and improving the immune system they are gaining importance in the feed industry. This market is growing steadily because of the increasing awareness regarding animal nutrition, and also because of livestock-related epidemics.
The basic requirement for a diet is that it must be properly balanced and must contain all the nutrients that are required for the bodily functions. Minerals and vitamins are needed to maintain the over-all structure and regulation, which are essential for good health and reproductive capabilities of the animals. Feed water-soluble vitamins & minerals market are segmented as water-soluble minerals such as zinc, iron, manganese, and copper. The water-soluble vitamins are vitamin B (B1, B2, B6, B9, B12, and B3) and vitamin C
Factors such as high awareness regarding dairy and meat products, effectiveness on animal health and their productivity, and the widely spreading livestock diseases help in driving the market of feed water-soluble vitamins and minerals. These trends are observed to facilitate the expansion of this industry to various regions across the world. However, factors such as increasing cost of raw materials and critical inclusion dosages of the considered additives may hamper the growth of the industry.
To capitalize on the growth trend in this market, several leading companies are quickly taking to expansion as a growth strategy. The growing demand for feed water-soluble vitamins and minerals is forcing the global players to add these additives to their product offerings. The leading players of this industry have also been profiled with their recent developments and other strategic industry activities; these include Zinpro Corporation (U.S.), Nutreco NV (Netherlands), BASF SE (Germany), Phibro Animal Health Corporation (U.S.), and Royal DSM (Netherlands).