Industry Background:
Antimicrobial growth promoters are antibiotics supplementary to the feed of animal food that enhance their growth rate and productivity. AGPs helps in reducing normal intestinal flora and harmful gut bacteria. This industry is witnessing huge growth because of an increase in the combination of both fewer normal intestinal flora and fewer harmful bacteria.This growth is primarily driven by Rapid Development in the Global Meat Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), Royal DSM (Netherlands), Zoetis (United States), Alltech (United States), Elanco Animal Health (United States), Merck and Co. Inc. (United States), Vetoquinol (France), Bupo Animal Health (South Africa), CHR Hansen (United States) and Novus International Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2022, Zoetis acquired Jurox. Zoetis and Jurox develop, manufacture, and sell animal health products that detect, prevent, or treat health issues in companion and production animals. This acquisition helped company to expand its presence in Antimicrobial Growth Promoters market
In April 1, 2021, Cargill and including Ausvet, Heifer International, and the International Poultry Council (IPC) partnered for livestock management and combat the threat of zoonotic diseases to both human and animal health by the United States Agency for International Development . This partnership helped company to expand its presence in antimicrobial growth promoters marketsThe market is fragmented by key market players, and those are focusing on advanced production technologies, improving efficiency, and product life. With the increase in market growth opportunities that is captured by tracking the ongoing process improvement and financial flexibility to invest in business growth strategies.
Influencing Trend:
Increase in Research and Development and High Rivalry in the Industry
Market Growth Drivers:
Rapid Development in the Global Meat Industry, Increase In Alternatives to Antibiotics and Hormones and Growing Demand for Non-Antibiotic Growth Promoters and Development in Animal Epidemics and Climate Changes
Challenges:
High Cost Associated With the Global Feed Tonnage
Restraints:
Stringent Regulations That Prohibit the Usage of Antibiotics and Hormones for Growth Promotion in Animals
Opportunities:
Focus on Increasing Environment Sustainability and The Rise in Pressure by the Usage of Glycopeptides as Growth Promoters
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Antimicrobial Growth Promoters Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Antimicrobial Growth Promoters Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Antimicrobial Growth Promoters players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Antimicrobial Growth Promoters Study Sheds Light on
The Antimicrobial Growth Promoters Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Antimicrobial Growth Promoters industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Antimicrobial Growth Promoters industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.