The Global Animal Growth Promoters And Performance Enhancers Market Report by The Business Research Company covers animal growth promoters and performance enhancers market drivers and restraints, animal growth promoters and performance enhancers market size, major players, and the impact of COVID-19 on the animal growth promoters and performance enhancers market.
The animal growth promoters and performance enhancers market consists of sales of animal growth promoters and performance enhancers by entities (organizations, sole traders and partnerships) that manufacture animal growth promoters and performance enhancers. Animal growth promoters and performance enhancers help in the safety of animals from various microbial diseases and also help them to develop into strong and healthy adults. Only goods and services traded between entities or sold to end consumers are included.
The growing demand for meat is a significant factor that will drive the market of animal growth promoters and performance enhancers. The global animal growth promoters and performance enhancers market is expected to grow from $12.41 billion in 2020 to $13.43 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.28 billion in 2025 at a CAGR of 8%.
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Some animal growth promoters and performance enhancers market trends include investments in phytogenics for higher efficiency of growth promoters through natural means. Phytogenics, sometimes also referred to as botanicals or phytobiotics, are plant-based feed additives utilized in animal nutrition. They are derived from herbs, spices, and extracts. Phytochemicals can be used in solid, dried, and ground form or as extracts, and also can be classified as essential oils and oleoresins depending on the process used to derive the active ingredients. The use of phytogenics promotes increased feed intake, improved gut function, prevention of diarrhea, and antimicrobial and antioxidative effects in livestock. Companies such as Delacon, Cargill, and BIOMIN have invested in phytogenics.
Global animal growth promoters and performance enhancers market segments include:
1) By Type: Antibiotic Growth Promoters. Non-antibiotic Growth Promoters.
2) By Animal Type: Poultry. Swine. Livestock. Aquaculture. Other Animals.
3) By Nature of Chemicals: Microbial Products. Prebiotics and Probiotics. Yeast Products. Enzymes/Herbs, Oils and Spices.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Animal Growth Promoters And Performance Enhancers Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides animal growth promoters and performance enhancers market overviews, analyzes and forecasts market size, share, animal growth promoters and performance enhancers market players, animal growth promoters and performance enhancers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The animal growth promoters and performance enhancers identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Animal Growth Promoters And Performance Enhancers Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country. Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Merck Animal Health, Cargill, Royal DSM N.V., Vetoquinol S.A., Bupo Animal Health, Elanco Animal Health Inc., Alltech, Bayer Animal Health, Zoetis, Bioniche Life Sciences, Danisco A/S, DuPont
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Animal Growth Promoters And Performance Enhancers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Animal Growth Promoters And Performance Enhancers Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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