Animal Growth Promoters and Performance Enhancers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Animal Growth Promoters and Performance Enhancers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : January, 2023 | Biotechnology

Report Digest


Animal Growth Promoters and Performance Enhancers Market: Overview

The animal growth promoters and performance enhancer market has been anticipated to grow at a noteworthy speed in the years to come. The growth opportunities in the global market are attributed to the increasing application of the animal health products, such as promoters and performance enhancers for the growth of different animals. In addition to this, growing demand for the consumption of live-stock based products and animal consumption is also driving growth opportunities in the global market.

The products from the animal growth promoters and performance enhancers are useful to the animals to digest food more effectively. These products also enable animals to grow rapidly that further improve their productivity. In addition to this, rising animal epidemics, climate change, and growing demand for naturally produced growth promoters are also serving as the key factors to bolster the expansion avenues in the global market in the following years.

To reduce the incidence of disease among farm animals, certain alternative positive measures are also taken by key players. Organic dairy farms have been becoming popular in different countries around the world stimulating the adoption of effective husbandry practices in the industry of animal farming.

Animal Growth Promoters and Performance Enhancers Market: Key Trends

Animal welfare, environmental issues, food scandals, and increasing interest in health are some of the crucial factors that are driving the growth opportunities in the animal growth promoters and performance enhancers market in the forthcoming years.

A noticeable increase has been taken to reduce the time of journey while transporting animals. Further, as an essential part of sustainable animal farming, breeding for health and robustness has been recognized. Animal stock densities have been kept low as part of good husbandry practices. Thus, rising concentration on high-welfare animal farming has been estimated to drive the growth impetus in the animal growth promoters and performance enhancers market in the foreseeable years.

The increasing gazing activities in order to maintain healthy livestock is predicted to lead to greenhouse emission that is likely to put a negative impact on the animal growth promoters and performance enhancers market growth.

Animal Growth Promoters and Performance Enhancers Market: Competitive Dynamics and Key Developments

The key players in the animal growth promoters and performance enhancers market are taking initiatives to develop novel growth opportunities in the following years. Technological advancements due to increased R & D a­­ctivities with rising investments are serving as one of the key strategies to boost the market growth. Along with this, these players are also incorporating some other growth strategies such as geographical expansions, development and launching of products, collaboration with various other players in the industry, expansion of distribution network, mergers & acquisitions, and portfolio diversion to gain a competitive edge in the global market.

The key players in the animal growth promoters and performance enhancers market are:

  • Cargill, Incorporated
  • Elanco Animal Health Incorporated
  • Merck & Co., Inc.
  • Vetoquinol S.A.
  • Novus International, Inc.
  • Erber AG
  • Kemin Industries, Inc.
  • Nutreco N.V.
  • BASF SE
  • Land O’Lakes, Inc.
  • Biomin Holding GmbH

Animal Growth Promoters and Performance Enhancers Market: Regional Assessment

The animal growth promoters and performance enhancers market has been divided into Asia Pacific, Latin America, Europe, the Middle East & Africa, and North America. The Asia Pacific region has been estimated to account for the maximum share in the global market. The regional growth is attributed to the presence of a strong animal products industry across the region. Along with this, relaxed government scenario, increased regional population that generates the demand for domestic meat, and rising efforts from the government in order to encourage the producers of animals are also fueling demand avenues in the regional market.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?