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(IndustryNews247.Com, September 28, 2017 ) The Middle East and Africa feed vitamin market is estimated to reach USD 0.60 billion by 2021 from USD 0.55 billion in 2016 by growing at a CAGR of 1.6%. The region has observed a boom in consumption of animal feed in the recent past. Middle East and Africa region is facing a water shortage problem which has shifted the focus to animal husbandry. Leading players in the market are looking for advanced technologies with water efficient systems.
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The food supplements given to the farm animals are referred to as Feed vitamins. They have benefits like they provide vitamins which the animals are unable to take through their daily meals and prevents from the diseases caused by deficiency of vitamins. For producing feeds, selection of ingredients is done very precisely in order to attain better health of the livestock and to obtain good end products like meat, egg and milk.
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Expansion of dairy and poultry industry in the Middle East and Africa region is driving the market majorly. Vitamin consumption is very essential for the livestock which is also fueling the growth of the market. Lack of awareness is a major issue in this region which hinders the growth of the market.
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Market Segmentation By Vitamin Type Vitamin A Vitamin B Vitamin C Vitamin D Vitamin E Vitamin K
By Livestock Type Swine Ruminants Poultry Aquatic Animals Others
By Formulation Liquid Dry Others (Powder, Pellet) By Function Single Functioned Multi Functioned
Key players in the Middle East and Africa market are S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V.
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