Animal growth promoters and performance enhancers are classified as chemicals or medicines that help animals grow faster by more efficiently digesting their food, obtaining maximum benefit from it, and enabling them to develop into strong and healthy adults. The animal is also shielded from different kinds of microbial diseases by these chemicals.
MARKET DYNAMICS
Some of the significant major factors driving the growth of animal growth promoters & performance enhancers are growing meat consumption around the world and increasing disposable income. Moreover, rapid population growth worldwide has led to increased demand for food from animal sources, which is expected to fuel the growth of the market for animal growth promoters and performance enhancers. Furthermore, the use of these growth promoters and performance enhancers allows farmers to increase their livestock profits, which is expected to encourage the growth of the demand for animal growth promoters & performance enhancers. However, in some countries, strict rules and regulations on the use of animal growth promoters & performance enhancers can impede the growth of the demand for animal growth promoters & performance enhancers.
MARKET SCOPE
The "Global Animal Growth Promoters & Performance Enhancers Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the animal growth promoters & performance enhancers market with detailed market segmentation by type, livestock, and geography. The global animal growth promoters & performance enhancers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading animal growth promoters & performance enhancers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global animal growth promoters & performance enhancers market is segmented on the basis of type and livestock. On the basis of type the global animal growth promoters & performance enhancers market is segmented into antibiotic growth promoters and non-antibiotic growth promoters. Based on livestock the global animal growth promoters & performance enhancers market is segmented into poultry, swine, ruminants, aquaculture, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global animal growth promoters & performance enhancers market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The animal growth promoters & performance enhancers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the animal growth promoters & performance enhancers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the animal growth promoters & performance enhancers market in these regions.
MARKET PLAYERS
The reports cover key developments in the animal growth promoters & performance enhancers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from animal growth promoters & performance enhancers market are anticipated to lucrative growth opportunities in the future with the rising demand for animal growth promoters & performance enhancers in the global market. Below mentioned is the list of few companies engaged in the animal growth promoters & performance enhancers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal growth promoters & performance enhancers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Merck and Co. Inc.
- Cargill Inc.
- Royal DSM N. V.
- Vetoquinol
- Bupo Animal Health
- Elanco Animal Health Inc.
- CHR Hansen
- Novus International Inc.
- Associated British Foods (ABF) plc
- Alltech Inc.
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