Industry Background:
Animal growth promoters & performance enhancers are growth supplements given to the animals to increase their body weight and make them healthier. These growth promoters & performance enhancers are substances that are added to feeds as supplements or injections to improve feed utilization and the growth of farm animals. It helps in increasing the growth rates and improve the overall efficiency and product quality of the animals that can be used as a meat source. The use of various compounds such as hormones and antimicrobial agents is adopted for growth promotion. The demand for safe and natural performance-enhancing products will supplement market growth throughout the forecast period.This growth is primarily driven by Demand For Non-Antibiotic Growth Promoters, Rising Meat Demand Globally and Growing Occurrences Of Animal Epidemics And Climate Changes.
Globally, a noticeable market trend is evident Awareness Concerning Animal Health. Major Vendors, such as Merck and Co. Inc. (United States), Cargill Inc. (United States), Royal DSM N. V. (Germany), BASF SE (Germany), Vetoquinol (France), Bupo Animal Health (South Africa), Elanco Animal Health Inc. (United States), CHR Hansen (Denmark), Novus International Inc. (United States), Associated British Foods plc (United Kingdom), Alltech Inc. (United States), Archer-Daniels-Midland Company (United States), Kemin Industries (United States) and SHV (Nutreco) (Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The use of the Hormone implants in cattle according to recommended procedures was declared safety by the FDA. Also, European state approved its own national regulations about the use of antibiotics in animal feeds.
Market Drivers
- Demand For Non-Antibiotic Growth Promoters
- Rising Meat Demand Globally
- Growing Occurrences Of Animal Epidemics And Climate Changes
Market Trend
- Awareness Concerning Animal Health
Restraints
- Ban In Some Countries On Use Of Growth Promoters And Performance Enhancers
- Ongoing Use Of Conventional Feeding To Promote Animals Body Weight
Opportunities
Focus On Increasing Environment Sustainability and High Demand From Emerging Countries Such as China and India
Challenges
Lack Of Knowledge Among Consumers
AMA Research follow 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 mostly 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Animal Growth Promoters and Performance Enhancers Study Sheds Light on
— The Animal Growth Promoters and Performance Enhancers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Animal Growth Promoters and Performance Enhancers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Animal Growth Promoters and Performance Enhancers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.