Global Animal Growth Promoters and 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 2028
Market Analysis and Insights : Global Animal Growth Promoters and Performance Enhancers Market
Data Bridge Market Research analyses that the animal growth promoters and performance enhancers market will project a compound annual growth rate (CAGR) of 4.95% during the forecast period of 2021-2028. Rising awareness about the importance of animal nutrition and benefits of growth promoters or performance enhancers will drive the growth of animal growth promoters and performance enhancers market.
Animal growth promoters and performance enhancers are the supplements fed to different kinds of animals that help to improve the functioning of their vital organs and therefore enhance their performance. Animal growth promoters and performance enhancers help to improve the body weight of animals and multiply their productivity. The animal growth promoters and performance enhancers are composed of natural and organic chemicals which help them to grow into strong and healthy adults.
Rising awareness about the benefits of animal growth promoters and performance enhancers will multiply their demand in the future. Rising meat consumption across the globe is another factor fostering the growth of animal growth promoters and performance enhancers market. With the changing lifestyle, the demand for frozen meat and frozen meat products has risen and this in turn has induced growth in the demand for animal growth promoters and performance enhancers. Rising personal disposable income is an indirect market growth determinant.
However, stringent regulations imposed by government in some countries on the usage of animal growth promoters and performance enhancers will restrict the scope of growth for this market. High costs of animal feed products, feed additives, growth promoters or performance enhancers will also challenge the market growth rate.
This animal growth promoters and 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 contact Data Bridge Market Research animal growth promoters and performance enhancers market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Animal Growth Promoters and Performance Enhancers Market Scope and Market Size
The global animal growth promoters and performance enhancers 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 and 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 and 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 and performance enhancers market is segmented into paediatric, poultry, porcine, livestock, equine, aquaculture and other animal.
Animal Growth Promoters and Performance Enhancers Market Country Level Analysis
The global animal growth promoters and performance enhancers market is analyses and market size, volume information is provided by country by product, nature of chemicals and animal type as referenced above.
The countries covered in the animal growth promoters and performance enhancers market 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 animal growth promoters and performance enhancers market and will continue to dominate during the forecast period. This is because of the large and ever rising livestock animal population coupled with the rising awareness about their health and safety. Rising personal disposable income coupled with rising demand for meat products will also foster the market growth.
The country section of the animal growth promoters and 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.
Competitive Landscape and Animal Growth Promoters and Performance Enhancers Market Share Analysis
The animal growth promoters and 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 animal growth promoters and performance enhancers market.
The major players covered in the animal growth promoters and performance enhancers report are BASF SE, DSM, Chr. Hansen Holding A/S, DuPont, Cargill, Incorporated., Bayer AG, Vetoquinol group, NOVUS INTERNATIONAL, Merck Sharp & Dohme Corp.,, Bupo Animal Health (Pty) Ltd., Boehringer Ingelheim International GmbH., ERBER AG, Elanco., Alltech., Zoetis, Novozymes, Protexin, BENEO and MSPrebiotics Inc. 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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