Animal Growth Enhancers Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40988
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The animal growth enhancers market has the potential to grow by USD 4.63 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.81%.

This animal growth enhancers market research report provides valuable insights on 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.

What will the Animal Growth Enhancers Market Size be in 2021?

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Animal Growth Enhancers Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising demand for poultry products in developed and developing nations is notably driving the animal growth enhancers market growth, although factors such as disease outbreaks in livestock may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the animal growth enhancers industry get your FREE report sample now.

  • The increasing prevalence of food-borne illnesses due to infections from campylobacter, Salmonella, Escherichia E. coli, and Vibrio is driving the need for anti-microbial agents.
  • The growing need to protect humans from animal-food-related diseases will be one of the significant factors that will have a positive impact on the market’s growth.
  • The administration of anti-microbial agents in animals helps to control the transmission of diseases such as zoonotic pathogens from animals to humans.
  • Virginiamycin helps in reducing the contamination of clostridium perfringens, whereas, salinomycin reduces the infection of Type C Clostridium in sows and weaning piglets by 43%. Similarly, the administration of neomycin reduces E. coli and H7 in animal feces, whereas gentamycin reduces the bacterial count in meat and poultry eggs.
  • Key animal growth enhancers market trends such as the increasing use of water-soluble organic feed additives will also drive market growth.
  • Probiotics and prebiotics are used as feed additives.
  • An alternative antibiotic growth promoter is organic acid.
  • Organic feed is extensively preferred because they provide multi-vitamins along with organic minerals. They are more effective when compared to dry feed additive products because they are easy to administrate and easy to digest.
  • The use of water-soluble organic feed additives coupled with the rising prevalence of food-borne illnesses will drive market growth at a CAGR of almost 7% by 2025.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Animal Growth Enhancers Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Zoetis Inc.

 

The animal growth enhancers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the animal growth enhancers market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Animal Growth Enhancers Market?

Animal-Growth-Enhancers-Market-Market-Share-by-Region-2020-2025

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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 the animal growth enhancers market in Asia. Market growth in this region will be faster than the growth of the market in other regions.

The increasing animal ownership, economic growth, the industrialization of the livestock industry, rising farmers’ awareness, and government support will facilitate the animal growth enhancers market growth in Asia over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Animal Growth Enhancers Market?

Animal-Growth-Enhancers-Market-Market-Share-by-Product-2020-2025

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The global animal antibiotics market is expected to grow at a moderate pace, driven by the rise in the demand for animal proteins. Antibiotics are widely used to prevent or treat diseases in animals. Also, vendors are increasingly making strategic alliances such as M&A to establish major market shares and improve their respective product portfolios.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the animal growth enhancers market size.

 

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What are the Key Factors Covered in this Animal Growth Enhancers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • 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 behavior
  • The growth of the animal growth enhancers industry across Asia, North America, Europe, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of animal growth enhancers market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The animal growth enhancers market growth will increase by $4.05 billion during 2019-2024.
The animal growth enhancers market is expected to grow at a CAGR of 6.23% during 2019-2024.
Technavio has segmented the animal growth enhancers market by product (Antiobiotics, Prebiotics and probiotics, Feed enzymes, and Others) and geographic (APAC, North America, Europe, and South America).
Archer Daniels Midland Co., BASF SE, Bayer AG, C.H. Boehringer Sohn AG & Co. KG, Cargill Inc., Elanco Animal Health Inc., Evonik Industries AG, Nutreco NV, Zoetis Inc. are a few of the key vendors in the animal growth enhancers market.
APAC will register the highest growth rate of 59.07% among the other regions. Therefore, the animal growth enhancers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the animal growth enhancers market growth are:
  • Rising demand for poultry products in developed and developing nations
  • R&D efforts for discovering natural growth promoters
The animal growth enhancers market vendors should focus on grabbing business opportunities from the antiobiotics segment as it accounted for the largest market share in the base year.
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