The animal growth enhancers market share is expected to increase by USD 4.63 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (antibiotics, prebiotics and probiotics, feed enzymes, and others) and geography (Asia, North America, Europe, and ROW).
The animal growth enhancers market report also offers information on several market vendors, including Archer Daniels Midland Co., BASF SE, Boehringer Ingelheim International GmbH, Cargill Inc., Elanco Animal Health Inc., Evonik Industries AG, Koninklijke DSM NV, Land O Lakes Inc., Nutreco NV, and Zoetis Inc. among others.
Archer Daniels Midland Co. - The company offers Palatants, Yeast, organic acids, and other products. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals.
What will the Animal Growth Enhancers Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the animal growth enhancers market as a part of the pharmaceutical market within the overall healthcare industry. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the animal growth enhancers market during the forecast period.
Animal Growth Enhancers Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Animal Growth Enhancers Market Driver
- One of the key factors driving growth in the animal growth enhancers market is the rising demand for poultry products in developed and developing nations. increasing consumption of meat is driving the demand for animal growth enhancers.
- As developing countries are increasingly keen on maintaining protein-rich diets, meat consumption is expected to continue witnessing an uptrend over the next few years.
- Consumer preference is shifting from red meat to white meat due to the growing need for a healthy lifestyle, and the demand for poultry meat has increased. This, in turn, has increased the market for animal growth enhancers.
- Meat production and consumption have significantly increased in APAC and North America, which has increased the sales of animal growth enhancers.
Key Animal Growth Enhancers Market Challenge
- Disease outbreaks in livestock will be a major challenge for the animal growth enhancers market during the forecast period.
- The death of animals affects the economic cycle of farm owners, thus affecting the sales and revenue of the global animal growth enhancers market.
- Disease outbreaks disturb livestock product trade and inhibit sustained investment.
- The major disease outbreaks witnessed among livestock are foot-and-mouth disease, rinderpest, contagious bovine pleuropneumonia, rift valley fever, swine vesicular disease, sheep and goat pox, and fowl plague.
- In January 2020, the Rift Valley fever outbreak caused the death of thousands of sheep in Sudan due to hunger and thirst. The disease outbreak led to a temporary block of animal trade with Saudi Arabia.
This animal growth enhancers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Animal Growth Enhancers Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the animal growth enhancers market, which vendors can leverage to gain a competitive advantage during the forecast period. The value chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Animal Growth Enhancers Market?
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49% of the market’s growth will originate from Asia during the forecast period. China, India, and Indonesia are the key markets for animal growth enhancers market in Asia. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segment in the Animal Growth Enhancers Market?
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The animal growth enhancers market share growth by the antibiotics segment will be significant during the forecast period. The increase in the animal population will also help boost market growth. Elanco, Boehringer Ingelheim, Bayer, and Zoetis are the major vendors in the market. These vendors offer a wide range of products in various segments such as animal diagnostics, animal pharmaceuticals, and animal feed additives. The global animal antibiotics market is expected to grow at a moderate pace, driven by the rise in the demand for animal proteins. The increasing number of strategic alliances such as M&A helps vendors establish major market shares and improve their respective product portfolios. M&A also enable global players to expand their presence in regional markets and strengthen their leadership position.
This report provides an accurate prediction of the contribution of all the segments to the growth of the animal growth enhancers market size and actionable market insights on the post-COVID-19 impact on each segment.
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Animal Growth Enhancers Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
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Market growth 2021-2025 |
$ 4.63 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.43 |
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Regional analysis |
Asia, North America, Europe, and ROW |
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Performing market contribution |
Asia at 49% |
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Key countries |
China, US, India, and Indonesia |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Archer Daniels Midland Co., BASF SE, Boehringer Ingelheim International GmbH, Cargill Inc., Elanco Animal Health Inc., Evonik Industries AG, Koninklijke DSM NV, Land O Lakes Inc., Nutreco NV, and Zoetis Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Animal Growth Enhancers Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive animal growth enhancers market growth during the next five years
- Precise estimation of the animal growth enhancers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the animal growth enhancers market industry across Asia, North America, Europe, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of animal growth enhancers market vendors
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