Global Animal Growth Promoters & Performance Enhancers Market, By Product (Antibiotic Growth Promoters Hormonal Growth Promoter, Beta-Agonist Growth Promoter, Feed Enzymes Growth Promoter, Probiotic Growth Promoter, Organic Acid Growth Promoter, Phytogenic and Others), Nature of Chemicals (Microbial Products, Prebiotics and Probiotics, Yeast Products, Enzymes /herbs, Oils and Spices), Animal Type (Paediatric, Poultry, Porcine, Livestock, Equine, Aquaculture and Other Animals), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027.
Market Analysis and Insights: Global Animal Growth Promoters and Performance Enhancers Market
Global animal growth promoters & performance enhancers market is expected to reach USD 21.19 billion by 2027 growing at a growth rate of 5.80% in the forecast period 2020 to 2027. Animal growth promoters & performance enhancers are given to the animals to grow fast and to increase their body weight.
Animal growth promoters & performance enhancers are growth supplements which are given to the animals to enhance their growth and increase their body weight. They are also used to increase the productivity of animals which results in the increase of the production of milk in ruminants. The increasing meat consumption all over the globe and increasing disposable income are the major factors driving the growth of animal growth promoters & performance enhancers. Moreover, with the rising demand for frozen meat and meat products stimulates the growth of the meat which will boost the market growth in the forecast period.
However, with the stringent rules and regulations of some countries for the use of animal growth promoters and performance enhancers can decrease the market growth. Challenge for animal growth promoters and performance enhancers market is the increasing global feed tonnage and high feed costs leading to the adoption of conventional feeding. With the focus on increasing environment sustainability is a growth opportunity for the market.
This global animal growth promoters & performance enhancers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global animal growth promoters & performance enhancers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Animal Growth Promoters & Performance Enhancers Market Scope and Market Size
Animal growth promoters & performance enhancer’s market is segmented on the basis of product, nature of chemicals and animal type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the animal growth promoters & performance enhancers market is segmented into antibiotic growth promoters hormonal growth promoter, beta-agonist growth promoter, feed enzymes growth promoter, probiotic growth promoter, organic acid growth promoter, phytogenic and others.
- Based on nature of chemicals, the animal growth promoters & performance enhancers market is segmented into microbial products, prebiotics and probiotics, yeast products, enzymes /herbs, Oils and spices
- Based on the animal type, the animal growth promoters & performance enhancers market is segmented into paediatric, poultry, porcine, livestock, equine, aquaculture and other animal
Animal Growth Promoters & Performance Enhancers Market Country Level Analysis
Animal growth promoters & performance enhancers market is analyses and market size, volume information is provided by product, nature of chemicals and animal type as referenced above.
The countries covered in the product, nature of chemicals and animal type report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA)
Asia-Pacific dominates the market due to the large share of this market can be attributed to high population generation greater domestic demand of meat products. The government is putting efforts to encourage animal producers and the presence of several prominent animal producers in the region. Europe is projected to have highest growth in the forecast period with the factors such as rising domestic livestock, poultry and pork production decreasing meat imports owing to ban of certain growth promoters in Europe.
The country section of the animal growth promoters & performance enhancers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Animal Growth Promoters & Performance Enhancers Market Competitive Landscape and Share Analysis
Animal growth promoters & performance enhancers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to growth promoters & performance enhancers market.
The major players covered in the animal growth promoters & performance enhancers market report Vetoquinol, NOVUS INTERNATIONAL, Merck Sharp & Dohme Corp. DuPont., Chr. Hansen Holding A/S, Bupo Animal Health, Boehringer Ingelheim International GmbH., Biomin, Elanco, Alltech., Zoetis, Koninklijke DSM N.V., Cargill, Incorporated., Bayer AG, Protexin, , novozymes , among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available: Global Animal Growth Promoters and Performance Enhancers Market
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