The global Animal Growth Promoters and Performance Enhancers Market research report 2028, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Animal Growth Promoters and Performance Enhancers market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
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.
Top Companies in the Global Animal Growth Promoters and Performance Enhancers Market:
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, among others.
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Market Segmentation:
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.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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.
Browse The Report Description:
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.
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