About Animal Performance Enhancers
Animal performance enhancers are defined as chemicals or drugs. These chemicals help animals for digesting their food more effectively, getting the maximum benefit out of it, and by this, the animals develop strong and healthy adults. These chemicals also protect the animal from various types of microbial diseases. Animal growth enhancers help the animals gain more fat and weight which helps in more amount of flesh production. It includes products such as feed enzymes, antibiotics, organic acids, probiotics & prebiotics, which help to enhance the growth in performance of animals.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Companies in the market are concentrating on Animal's growth and performance. In the Asia Pacific region, increasing demand for meat from various countries such as India, China, Thailand, Malaysia, Vietnam, and Indonesia. And the overall increase in population coupled with increasing disposable income drive the growth of the market. The strong presence of meat processing industries fuels the market growth in the North American region. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Animal Performance Enhancers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bioniche Life Sciences Inc. (Canada), Bayer Animal Health GmbH (Germany), DSM N.V. Merck & Co. Inc. (US), Biomin Holding Gmbh (German), Boehringer Ingelheim International GmbH (Germany), Cargill Inc. (US), Zoetis Inc. (US), AB Vista Inc. (UK), The Alltech Groupare (US), Elanco Animal Health Incorporated (US), Bupo Animal Health (South Africa), Chr. Hansen A/S (Denmark), Danisco A/S (Denmark) and Novus International Inc. (US) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Merck and Co. Inc. (US), Vetoquinol (France) and Bupo Animal Health (SA).
Segmentation Overview
AMA Research has segmented the market of Global Animal Performance Enhancers market by Type (Antibiotic, Hormonal, Probiotic and Prebiotic, Organic Acid, Phytogenics and Others) and Region.
On the basis of geography, the market of Animal Performance Enhancers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Animal Class , the sub-segment i.e. Livestock will boost the Animal Performance Enhancers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Animal Groups, the sub-segment i.e. Arthropods will boost the Animal Performance Enhancers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing competition and the changing market dynamics
Market Growth Drivers:
Reduced production cost and Increase in demand for food from an animal source
Challenges:
Lack of knowledge among consumers about animal performance enhancers
Restraints:
Stringent rules and Increasing side effects and growing bacterial resistance
Opportunities:
Rising population and increasing disposable income levels and increase the protein-rich food demand
Market Leaders and their expansionary development strategies
In February 2021, Kemin Industries, a global leader in ingredient manufacturing launched KemTRACE Chromium-OR, a feed ingredient for use in cattle, swine, broiler, and horse diets. The newly launched feed ingredient is the organic-compliant source of chromium propionate that helps to improve glucose utilization and reduce the negative impacts of stress. With this launch, the main aim of the company is to expand its KemTRACE portfolio and advance product offering to improve the health & performance of animals.
October 9, 2021: Cargill Inc. launched essential oils of poultry feeds (Nutrena Naturewise) that maximize egg production, size, and production, enhanced overall wellness.
US FDA banned the use of antibiotics as feed supplements that helps livestock and poultry to grow faster. The rule includes the restriction on the OTC sale of supplements to farmers. The FDA is also working to promote immunization, clean water, and improved sanitation for farm hygiene.
Key Target Audience
REgulatory Bodies, Research Institutions, Industries, Healthcare Industries and Suppliers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.