Animal Growth Promoters Market by Animal Type and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022 Pages: 133 SKU: IRTNTR74168

The animal growth promoters market share is expected to increase by USD 3.96 billion from 2021 to 2026, at a CAGR of 5.6%.

This animal growth promoters 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 animal growth promoters market segmentation by animal type (poultry, livestock, swine, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The animal growth promoters market report also offers information on several market vendors, including Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., Bupo Animal Health Pty Ltd., C. H. Boehringer Sohn AG and Co. KG, Cargill Inc., Chr Hansen Holding AS, Elanco Animal Health Inc., Evonik Industries AG, Kemin Industries Inc., Koninklijke DSM NV, Merck KGaA, Novozymes AS, Novus International Inc., Nutreco NV, Phibro Animal Health Corp., Vetoquinol SA, and Zoetis Inc. among others.

What will the Animal Growth Promoters Market Size be During the Forecast Period?

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Animal Growth Promoters Market: Key Drivers, Trends, and Challenges

The rise in global meat consumption is notably driving the animal growth promoters market growth, although factors such as regulations related to antibiotics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the animal growth promoters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Animal Growth Promoters Market Driver

One of the key factors driving growth in the animal growth promoters market is the rise in global meat consumption. Over the past decade, people have become more conscious about protein intake in their daily diet. This has led to an increase in global meat consumption. The global per capita consumption of meat has grown steadily in the last ten years. The rise in global meat consumption can be attributed to the increase in health benefits associated with its consumption. APAC is the largest producer of various types of meat, such as duck meat and others. China and India are a few of the major meat-producing countries globally. The rise in the global population also drives the global meat demand for meat products. The steady increase in meat consumption increases the demand for growth promoters among various animals such as poultry and others. Thus, the increasing demand for meat will drive growth in the global animal growth promoters market.

Key Animal Growth Promoters Market Trend

The increasing demand for natural growth promoters is an animal growth promoters market trend that is expected to have a positive impact in the coming years. Antimicrobial compounds are commonly included in poultry feed to promote growth and control diseases. The European Union (EU) banned feed-grade antibiotic growth promoters owing to their cross-resistance and the risk they posed to food safety and public health in the region. Due to this, animal feed producers are implementing natural growth promoters instead of antibiotics. Natural animal growth promoters include organic acids, symbiotic, probiotics, prebiotics, phytogenic, feed enzymes, and immune stimulants. The advantages of natural animal growth promoters over antibiotics are that they do not pose any risk of bacterial resistance or undesired residues in animal products such as meat, milk, and eggs. Increased growth performance, improved feed efficiency, and rapid immune system maturation are some of the benefits of adding natural animal growth promoters to animal feed. Also, vendors are launching new phytogenic growth promoters (natural animal growth promoters), which will propel the market in focus growth.

Key Animal Growth Promoters Market Challenge

The regulations related to antibiotics will be a major challenge for the animal growth promoters market during the forecast period. Antibiotics are used in animal feed to promote the growth of animals. However, they are subjected to regulatory policies to prevent residues in the soil and enhance public health. Antibiotics must be approved by the US Food and Drug Administration (US FDA) before they can be used. In certain regions, farmers are overusing antibiotics to improve the quality of livestock. The World Health Organization (WHO) recommends that farmers and the food industry should stop using antibiotics regularly to promote growth and prevent disease in healthy animals. Rules and regulations concerning animal growth promoters are becoming increasingly stringent. Such regulatory initiatives pose challenges for existing animal growth promoters and increase the cost of developing new animal growth promoters. This, in turn, will negatively impact the growth of the market in focus.

This animal growth promoters 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global animal growth promoters market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the animal growth promoters market during the forecast period.

Who are the Major Animal Growth Promoters Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alltech Inc.
  • Archer Daniels Midland Co.
  • Associated British Foods Plc
  • BASF SE
  • Bluestar Adisseo Co.
  • Bupo Animal Health Pty Ltd.
  • C. H. Boehringer Sohn AG and Co. KG
  • Cargill Inc.
  • Chr Hansen Holding AS
  • Elanco Animal Health Inc.
  • Evonik Industries AG
  • Kemin Industries Inc.
  • Koninklijke DSM NV
  • Merck KGaA
  • Novozymes AS
  • Novus International Inc.
  • Nutreco NV
  • Phibro Animal Health Corp.
  • Vetoquinol SA
  • Zoetis Inc.

 

This statistical study of the animal growth promoters market encompasses successful business strategies deployed by the key vendors. The animal growth promoters market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Alltech Inc. - Alltech Inc. is a privately held company headquartered in the US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the global animal growth promotors market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Alltech Inc. - The company offers animal growth promotors that are designed to help feed the gut and equip animals with the best foundation for healthy growth and natural defenses. 

To make the most of the opportunities and recover from the 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.

The animal growth promoters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Animal Growth Promoters Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the animal growth promoters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Animal Growth Promoters Market?

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61% of the market’s growth will originate from APAC during the forecast period. China, Indonesia, and India are the key markets for animal growth promoters in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing demand for poultry and other meat products will facilitate the animal growth promoters market growth in APAC over the forecast period. 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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hampered the growth of the regional animal growth promoters market in 2020. Several countries in APAC, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were either under a partial or complete lockdown due to the pandemic. However, the advent of vaccination drives, and the decline in COVID-19 cases, have led to normalcy in the region since 2021. Additionally, the market is expected to gain momentum during the forecast period due to the increased consumption of meat products owing to an increase in protein intake. This would bolster the regional demand for meat and, consequently, for animal growth promoters in the region during the forecast period.

What are the Revenue-generating Animal Type Segments in the Animal Growth Promoters Market?

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The animal growth promoters market share growth in the poultry segment will be significant during the forecast period. The global animal growth promoters market is expected to register significant growth during the forecast period due to the worldwide rise in poultry consumption. Factors such as changing lifestyles, the rise in disposable income, and the increasing population globally are expected to positively impact the demand for poultry products such as eggs and meats. 

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

 

Animal Growth Promoters Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.6%

Market growth 2022-2026

$ 3.96 billion

Market structure

Fragmented

YoY growth (%)

6.26

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 61%

Key consumer countries

US, China, India, Indonesia, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., Bupo Animal Health Pty Ltd., C. H. Boehringer Sohn AG and Co. KG, Cargill Inc., Chr Hansen Holding AS, Elanco Animal Health Inc., Evonik Industries AG, Kemin Industries Inc., Koninklijke DSM NV, Merck KGaA, Novozymes AS, Novus International Inc., Nutreco NV, Phibro Animal Health Corp., Vetoquinol SA, and Zoetis Inc.

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, and Market condition analysis for the forecast period.

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.

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What are the Key Data Covered in this Animal Growth Promoters Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive animal growth promoters market growth during the next five years
  • Precise estimation of the animal growth promoters 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 promoters industry across APAC, North America, Europe, South America, and Middle East and Africa
  • 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 promoters market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Animal Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Animal Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Animal Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Animal Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Animal Type
      • Exhibit 26: Chart on Comparison by Animal Type
      • Exhibit 27: Data Table on Comparison by Animal Type
    • 5.3 Poultry - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Poultry - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Poultry - Year-over-year growth 2021-2026 (%)
    • 5.4 Livestock - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Livestock - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Livestock - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Livestock - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Livestock - Year-over-year growth 2021-2026 (%)
    • 5.5 Swine - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Swine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Swine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Swine - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Swine - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Animal Type
      • Exhibit 44: Market opportunity by Animal Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Indonesia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Indonesia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Indonesia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Alltech Inc.
              • Exhibit 97: Alltech Inc. - Overview
              • Exhibit 98: Alltech Inc. - Product / Service
              • Exhibit 99: Alltech Inc. - Key offerings
            • 10.4 Archer Daniels Midland Co.
              • Exhibit 100: Archer Daniels Midland Co. - Overview
              • Exhibit 101: Archer Daniels Midland Co. - Business segments
              • Exhibit 102: Archer Daniels Midland Co. - Key offerings
              • Exhibit 103: Archer Daniels Midland Co. - Segment focus
            • 10.5 Bluestar Adisseo Co.
              • Exhibit 104: Bluestar Adisseo Co. - Overview
              • Exhibit 105: Bluestar Adisseo Co. - Product / Service
              • Exhibit 106: Bluestar Adisseo Co. - Key offerings
            • 10.6 C. H. Boehringer Sohn AG and Co. KG
              • Exhibit 107: C. H. Boehringer Sohn AG and Co. KG - Overview
              • Exhibit 108: C. H. Boehringer Sohn AG and Co. KG - Business segments
              • Exhibit 109: C. H. Boehringer Sohn AG and Co. KG - Key news
              • Exhibit 110: C. H. Boehringer Sohn AG and Co. KG - Key offerings
              • Exhibit 111: C. H. Boehringer Sohn AG and Co. KG - Segment focus
            • 10.7 Cargill Inc.
              • Exhibit 112: Cargill Inc. - Overview
              • Exhibit 113: Cargill Inc. - Product / Service
              • Exhibit 114: Cargill Inc. - Key news
              • Exhibit 115: Cargill Inc. - Key offerings
            • 10.8 Elanco Animal Health Inc.
              • Exhibit 116: Elanco Animal Health Inc. - Overview
              • Exhibit 117: Elanco Animal Health Inc. - Product / Service
              • Exhibit 118: Elanco Animal Health Inc. - Key offerings
            • 10.9 Koninklijke DSM NV
              • Exhibit 119: Koninklijke DSM NV - Overview
              • Exhibit 120: Koninklijke DSM NV - Business segments
              • Exhibit 121: Koninklijke DSM NV - Key news
              • Exhibit 122: Koninklijke DSM NV - Key offerings
              • Exhibit 123: Koninklijke DSM NV - Segment focus
            • 10.10 Merck KGaA
              • Exhibit 124: Merck KGaA - Overview
              • Exhibit 125: Merck KGaA - Business segments
              • Exhibit 126: Merck KGaA - Key news
              • Exhibit 127: Merck KGaA - Key offerings
              • Exhibit 128: Merck KGaA - Segment focus
            • 10.11 Phibro Animal Health Corp.
              • Exhibit 129: Phibro Animal Health Corp. - Overview
              • Exhibit 130: Phibro Animal Health Corp. - Business segments
              • Exhibit 131: Phibro Animal Health Corp. - Key offerings
              • Exhibit 132: Phibro Animal Health Corp. - Segment focus
            • 10.12 Zoetis Inc.
              • Exhibit 133: Zoetis Inc. - Overview
              • Exhibit 134: Zoetis Inc. - Business segments
              • Exhibit 135: Zoetis Inc. - Key news
              • Exhibit 136: Zoetis Inc. - Key offerings
              • Exhibit 137: Zoetis Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                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.

                INFORMATION 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

                DATA 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

                REPORT 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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                animal growth promoters market

                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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