Animal Growth Promoters Market 2024-2028
The animal growth promoters market is forecasted to grow by USD 6189.3 mn during 2023-2028, accelerating at a CAGR of 7.5% during the forecast period. The report on the animal growth promoters market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in global meat consumption, need to protect humans from animal transmitted diseases, and increasing product launches.
Technavio's animal growth promoters market is segmented as below:
By Type
- Poultry
- Livestock
- Swine
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing demand for natural growth promoters as one of the prime reasons driving the animal growth promoters market growth during the next few years. Also, increasing merger and acquisitions and geographical expansion of vendors will lead to sizable demand in the market.
The report on the animal growth promoters market covers the following areas:
- Animal Growth Promoters Market sizing
- Animal Growth Promoters Market forecast
- Animal Growth Promoters Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal growth promoters market vendors that include Adisseo France SAS, Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Boehringer Ingelheim International GmbH, Bupo Animal Health Pty Ltd., Cargill Inc., Chr Hansen AS, Elanco Animal Health Inc., Evonik Industries AG, Kemin Industries Inc., Koninklijke DSM NV, Merck KGaA, Novozymes AS, Novus International Inc., Nutreco N.V., Phibro Animal Health Corp., Vetoquinol SA, and Zoetis Inc.. Also, the animal growth promoters market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.