Feed Grade D-Biotin Trends and Forecast
The future of the global feed grade d-biotin market looks promising with opportunities in the pig, ox, sheep, and bird markets. The global feed grade d-biotin market is expected to grow with a CAGR of 9.3% from 2024 to 2030. The major drivers for this market are growing demand for feed grade D-biotin is closely tied to trends in livestock and poultry production, rising focus on animal health and welfare concerns, and advancements in feed formulation techniques and nutritional science.
• Lucintel forecasts that 1% biotin is expected to witness the highest growth over the forecast period.
• Within this market, pig is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
China, a leading player in the D-biotin market, companies have announced ambitious targets to ramp up production capacities to meet the growing demand for high-quality feed-grade D-biotin. These initiatives are in line with the governmentÄX%$%Xs push to bolster the countryÄX%$%Xs animal husbandry sector and ensure food security.
Europe, companies have been investing in research and development to improve the efficacy of D-biotin supplements in animal feed formulations. Regulatory bodies have been collaborating with industry stakeholders to establish stringent quality standards to safeguard animal health and welfare.
United States, government initiatives aimed at promoting sustainable agriculture practices have spurred interest in D-biotin as a key component in optimizing animal nutrition. Companies are aligning their production strategies with these sustainability goals while exploring innovative ways to enhance the bioavailability of D-biotin in feed formulations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Feed Grade D-Biotin by Segment
The study includes a forecast for the global feed grade d-biotin by type, application, and region.
Feed Grade D-Biotin Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 1% Biotin
• 2% Biotin
• Pure Biotin (>98%)
Feed Grade D-Biotin Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pig
• Ox
• Sheep
• Birds
• Others
Feed Grade D-Biotin Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Feed Grade D-Biotin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies feed grade d-biotin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the feed grade d-biotin companies profiled in this report include-
• Ausenchem
• Fengchen Group
• GNF Chemical
• SDM
• Haijianuo Pharmaceutical
Recent Development in the Feed Grade D-Biotin Market
BASF: BASF announced a significant investment in expanding its production capacity for feed-grade D-biotin. The expansion aims to meet the growing demand for high-quality animal nutrition products globally.
DSM: DSM launched a new feed-grade D-biotin product with improved bioavailability and efficacy for poultry and swine nutrition. The product is designed to support animal health and productivity while reducing environmental impact.
Novus International: Novus International introduced a novel formulation of feed-grade D-biotin, incorporating advanced technology to enhance nutrient absorption and utilization in livestock. The innovation aims to optimize animal performance and reduce feed costs for producers.
Evonik Industries: Evonik Industries unveiled a sustainable production process for feed-grade D-biotin, utilizing renewable raw materials and energy-efficient manufacturing techniques. The company aims to reduce its environmental footprint and meet the growing demand for eco-friendly animal nutrition solutions.
Kemin Industries: Kemin Industries launched a comprehensive research program focused on exploring the potential health benefits of feed-grade D-biotin supplementation in various animal species. The initiative aims to generate scientific evidence supporting the efficacy of D-biotin in improving animal performance and welfare.
Features of the Global Feed Grade D-Biotin Market
Market Size Estimates: Feed grade d-biotin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Feed grade d-biotin market size by type, application, and region in terms of value ($B).
Regional Analysis: Feed grade d-biotin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the feed grade d-biotin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the feed grade d-biotin market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for feed grade d-biotin market?
Answer: The global feed grade d-biotin market is expected to grow with a CAGR of 9.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the feed grade d-biotin market?
Answer: The major drivers for this market are growing demand for feed grade D-biotin is closely tied to trends in livestock and poultry production, rising focus on animal health and welfare concerns, and advancements in feed formulation techniques and nutritional science.
Q3. What are the major segments for feed grade d-biotin market?
Answer: The future of the global feed grade d-biotin market looks promising with opportunities in the pig, ox, sheep, and bird markets.
Q4. Who are the key feed grade d-biotin market companies?
Answer: Some of the key feed grade d-biotin companies are as follows:
• Ausenchem
• Fengchen Group
• GNF Chemical
• SDM
• Haijianuo Pharmaceutical
Q5. Which feed grade d-biotin market segment will be the largest in future?
Answer: Lucintel forecasts that 1% biotin is expected to witness the highest growth over the forecast period.
Q6. In feed grade d-biotin market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the feed grade d-biotin market by type (1% biotin, 2% biotin, and pure biotin (>98%)), application (pig, ox, sheep, birds, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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