As per the current market research conducted by the CMI Market Research Team, the global Poultry Vitamin Market size is expected to record a CAGR of 7.2% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 1338.4 Million. By 2032, the valuation is anticipated to reach USD 2502.3 Million.

Poultry Vitamin Market: Growth Factors and Dynamics

  • Increasing Poultry Consumption: The growing global demand for poultry products is a primary driver, necessitating the use of poultry vitamins to ensure optimal health and productivity in flocks.
  • Intensification of Poultry Farming: The trend toward intensive poultry farming practices amplifies the need for precise vitamin supplementation to address health challenges and promote efficient production in crowded conditions.
  • Government Initiatives for Livestock Health: Various governments are promoting animal health and welfare, driving the demand for quality poultry vitamins and contributing to the overall growth of the market.
  • Technological Advancements: Ongoing research and development lead to the formulation of advanced vitamin blends and delivery methods, improving the efficiency of poultry vitamin supplements and supporting market growth.
  • Increasing Awareness Among Farmers: Education and outreach programs contribute to heightened awareness among poultry farmers regarding the benefits of vitamin supplementation, fostering a proactive approach to poultry health management and driving market expansion.
  • Disease Prevention and Biosecurity Measures: Poultry vitamins play a crucial role in disease prevention strategies. As biosecurity becomes a top priority in the poultry industry, the demand for vitamins to boost immune response and resilience against diseases propels market growth.
  • Globalization of Poultry Trade: The interconnectedness of global poultry markets increases the importance of maintaining high health and nutritional standards. Poultry vitamins ensure that birds meet international quality standards, facilitating trade and driving market dynamics.
  • Environmental Sustainability: There’s a growing trend towards sustainable and eco-friendly practices in poultry farming. Vitamins that contribute to efficient feed conversion and reduce environmental impact gain traction, aligning with the broader sustainability goals of the poultry industry.
  • Rising Focus on Animal Nutrition: With an increasing awareness of the importance of animal nutrition, there’s a heightened emphasis on supplementing poultry diets with vitamins to enhance growth, immunity, and overall well-being.

Get Free Sample Copy @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=35866

Poultry Vitamin Market: Partnership and Acquisitions

  • In 2022, DSM acquired Prodap, a prominent Brazilian animal nutrition and technology company. Through this strategic move, DSM aims to integrate technology, consulting services, and specialized nutritional solutions, enhancing animal farming efficiency and sustainability. This acquisition strengthens DSM’s position in the animal nutrition sector, fostering innovation and industry advancement.
  • In 2022, Impextraco expanded its facility in Mexico, enhancing storage capacity and creating new business opportunities. This strategic move is coupled with efforts to strengthen the Impextraco brand’s visibility in the Mexican market, reflecting the company’s commitment to growth and service excellence in the region.

Poultry Vitamin Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Poultry Vitamin Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

  • Disruption in Supply Chains: The pandemic disrupted global supply chains, affecting the availability and distribution of poultry vitamins, leading to potential shortages and increased prices.
  • Reduced Poultry Production: Lockdowns and restrictions led to a reduction in poultry production activities, impacting the demand for poultry vitamins as farmers scaled back operations.
  • Fluctuating Consumer Demand: The uncertainty and economic challenges during the pandemic influenced consumer behaviour, affecting the demand for poultry products and, consequently, the need for poultry vitamins.
  • Stabilization of Supply Chains: Post-pandemic, efforts to stabilize and diversify supply chains are crucial, ensuring consistent access to raw materials for poultry vitamin production.
  • Government Support and Incentives: Governments can play a role in recovery by offering support, incentives, or subsidies to poultry farmers, encouraging them to invest in the health and nutrition of their flocks.
  • Emphasis on Biosecurity Measures: Post-COVID, there is an increased focus on biosecurity in poultry farming to prevent disease outbreaks. Poultry vitamins that enhance immune function become integral to biosecurity measures.
  • Increased Adoption of Technology: The recovery involves the adoption of technology for remote monitoring and management of poultry farms. This includes the use of digital platforms for ordering and delivering poultry vitamins.
  • Educational Programs for Farmers: Recovery efforts include educational initiatives to inform poultry farmers about the importance of optimal nutrition and the role of vitamins in supporting flock health, encouraging proactive supplementation.
  • Market Expansion Through Innovation: Companies can recover by innovating new vitamin formulations and delivery methods, providing farmers with advanced and efficient solutions for poultry nutrition.
  • Global Collaboration in Research: Collaborative efforts in international research can drive innovation in poultry vitamin development, ensuring that the industry remains resilient in the face of future challenges.

List of the prominent players in the Poultry Vitamin Market:

  • DSM Nutritional Products
  • BASF SE
  • Adisseo
  • Archer Daniels Midland Company (ADM)
  • Cargill Incorporated
  • DuPont de Nemours, Inc.
  • Zhejiang Medicine Co. Ltd.
  • Nutreco N.V.
  • Bluestar Adisseo Company
  • Lonza Group AG
  • Glanbia plc
  • Kemin Industries Inc.
  • Phibro Animal Health Corporation
  • Alltech
  • Vetline
  • Others

Table of Contents: https://www.custommarketinsights.com/report/poultry-vitamin-market/#table-of-contents

About Us:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Contact Us:

USA Corporate Office

CMI Consulting LLC

1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061

Email : support@custommarketinsights.com

Website : https://www.custommarketinsights.com/