Vitamin B12 Feed Additive Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 1.85 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The Vitamin B12 feed additive market experienced a substantial growth trajectory in 2022, with its market size valued at approximately USD 1.5 billion. The compound annual growth rate (CAGR) for this market was reported at around 6.5%, reflecting robust demand driven by the increasing need for enhanced animal nutrition and growth promotion. This growth is fueled by rising awareness regarding animal health and productivity, alongside the expansion of the livestock sector. The demand for Vitamin B12 additives is particularly prominent in regions with high livestock farming activities, where the need for effective nutritional supplements is critical for maintaining optimal animal health and performance.
Opportunities within the Vitamin B12 feed additive market are bolstered by advancements in agricultural practices and a growing focus on sustainable and efficient livestock management. Emerging markets, especially in Asia-Pacific and Latin America, present significant growth prospects due to rapid industrialization in agriculture and increasing meat consumption. These regions are witnessing an upsurge in investments and technological innovations aimed at improving feed quality and animal growth, which in turn is expected to drive further market expansion. Additionally, the increasing adoption of personalized and precision nutrition strategies in animal feed presents a lucrative opportunity for market players to innovate and cater to evolving industry needs.
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KUZEY NUTRITION
NHU
CSPC
HUAHENG PHARMACEUTICAL
SHANDONG HONGDA BIOTECHNOLOGY COMPANY LTD
HUBEI MARVEL-BIO MEDICINE CO.
LTD
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vitamin B12 Feed Additive Market
Large Feed Manufacturer
Small and Medium Feed Manufacturers
Based on Types the Market is categorized into Below types that held the largest Vitamin B12 Feed Additive market share In 2023.
0.001
0.01
0.02
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vitamin B12 Feed Additive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vitamin B12 Feed Additive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vitamin B12 Feed Additive Market, By Type
6. Global Vitamin B12 Feed Additive Market, By Application
7. Global Vitamin B12 Feed Additive Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vitamin B12 Feed Additive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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