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Animal Growth Promoters & Performance Enhancers Market Size, Share, Overview with Demographic Data and Industry Growth Trends 2019-2023

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According to a report published by Market Research Future (MRFR), the global animal growth promoters & performance enhancers market is projected to be driven by the growing awareness concerning available health benefits to the animals from these additives.

— Market Definition:
Animal Growth Promoters & Performance Enhancers Market Size, Share, Overview with Demographic Data and Industry Growth Trends by Market research future Report an animal growth promoter & performance enhancer is an additive that is used to improve the quality of nutrition as well as support the overall performance, and the growth & development of livestock. Growth promoter & performance enhancer products generally comprise of probiotics, prebiotics, organic acids, and other essential compounds. Over the past couple of years, animal growth promoters & performance enhancers have gained a respectable status globally, since they support the performance and overall growth & development of the livestock animals.

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Market Scenario:
The rising health concerns among the significant global population along with the increase in awareness about the advantages of animal growth promoters & performance enhancers has driven the market growth globally. Moreover, the growing population in the developing countries has increased the demand for production of the ruminants, poultry, and other livestock for consumption, which has contributed to the growth of the animal growth promoters & performance enhancers market.

According to a report published by Market Research Future (MRFR), the global animal growth promoters & performance enhancers market is projected to be driven by the growing awareness concerning available health benefits to the animals from these additives. Additionally, the usage of phytogenics, as a growth promoter, is experiencing high demand due to the restriction on the use of antibiotics. Fast market infiltration is leading to new product development based out of the prebiotic, probiotic & organic acid feed additives globally.

Key Players:
The key players of the global Animal Growth Promoters & Performance Enhancers Market are Merck Animal Health (U.S.), Alltech, Inc. (U.S.), Zoetis Inc. (U.S.), Cargill Inc. (U.S.), Elanco US, Inc. (U.S.), Boehringer Ingelheim Ltd. (U.K), Biomin Holding GmbH (Austria), Koninklijke DSM N.V. (the Netherlands), Chr. Hansen Holding A/S (Denmark), and Bayer Animal Health GmbH (Germany).

Segmental Analysis:
The global market for animal growth promoters & performance enhancers has been segmented into type, livestock, and region.

Based on the type, The market has been segmented into antibiotics, hormones, organic acids, probiotics & prebiotics, phytogenics, and others. Among these, the antibiotics segment is leading the market share, followed by the phytogenics segment, owing to its high usage for the poultry animals for benefits such as high yield, and protection from diseases.

Based on the livestock, the market has been segmented into poultry, ruminants, swine, aquatic, and others. Among these, the poultry segment is leading the market share owing to the rise in the consumption of poultry and meat products globally. on the other hand, the swine segment is expected to witness stable growth over the forecast period owing to the increasing consumption of pork in the European countries.

The global market for animal growth promoters & performance enhancers is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Regional Analysis:
The Asia Pacific is leading the global animal growth promoters & performance enhancers market followed by North America.

China is the foremost consumer of meat and meat products in the Asia Pacific region, thus consequently driving the growth of animal growth promoters & performance enhancers market in this region. in addition to this, increasing consumption of poultry and meat products and the rapidly rising population in developing countries of Asia Pacific, such as India, is estimated to contribute to the growth of the animal growth promoters & performance enhancers market over the forecast period.

In North America, the increasing demand for growth promoting & performance enhancing additives for animals in countries like the U.S., Canada, and Mexico is projected to boost the animal growth promoters & performance enhancers market in the North American region during the forecast period.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research future
Address: Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar,,
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/animal-growth-promoters-enhancers-market-5361

Source URL: https://marketersmedia.com/animal-growth-promoters-performance-enhancers-market-size-share-overview-with-demographic-data-and-industry-growth-trends-2019-2023/515078

Source: MarketersMedia

Release ID: 515078

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