Animal Growth Promoter Market

1. Animal Growth Promoter Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The animal growth promoter market size is estimated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to growing awareness about animal health and changing food habits. The animal growth promoteris an equivalent combination of one and more micro-elements such as minerals, amino acids, and vitamins. Promoters are used to assist uniform distribution of micro- elements in a major mix. The developers provide promoters to ensure a regular equivalent supply of nutrients to the animals to increase the productivity of the animals and enhance the quality of feeds. The covid-19 pandemic affected the demand and supply of the animal growth promotermarket. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. Market Trends, Drivers, Restraints, and Opportunities Increase in consumption of meat is projected to boost the market. Increasing demand for chemical residues free products is the major factor fueling the market. High cost of growth promoter products is projected to restrict the market expansion during the forecast period. Government put ban on use of certain antibiotics is anticipated to hamper the market growth in the coming years.    

2.  R&D investment and technological advancement in animal growth promoter market is projected to offer lucrative opportunities for the market players. Sample - https://growthmarketreports.com/request-sample/1444 Market Segment Insights The probiotics segment is expected to grow at a rapid pace Based on types, the animal growth promoter market is fragmented into phytogenic, probiotics, acidifiers, prebiotics, and others. The probiotics segment accounts for a key share of the market. Growth of the market is attributed to rising awareness about side effect of feed additives on animal health and increasing income level of customers.However, the acidifiers segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives and compound feed sector and rise in consumption of meat. The poultry feed segment accounts for a key share of the market On the basis of animal types, the market is segmented into aquaculture, poultry, swine, ruminant, and others. The poultry feed segment accounts for a key share of the market. Growth of the market is attributed to increasing supply of quality products and increased demand for high-value animal protein.The ruminant feed segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increased industrial livestock production and rising demand for probiotics. The compound feed manufacturers segment accounts for a significant share of the market Based on end-users, the animal growth promoter market is divided into livestock, integrators, farmers, aquaculture industry, home-mixers, and compound feed manufacturers. The compound feed manufactures segment accounts for a key share of the market. Growth of the market is attributed to rising government initiatives in production of domestic meat and increasing number of aquatic and poultry farms.However, the livestock segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives & compound feed sector and increasing number of organizations in animal feed industry. The market in Saudi Arabia is anticipated to hold key market share On the basis of region, the animal growth promoter market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of Oman is estimated to expand at a high CAGR during the forecast period due to rapid economic growth in region and rising awareness about the quality of meat consumed. The market of Saudi Arabia is estimated to hold key market share due to increasing population, technological advancement in feed practices, and growing awareness about animal health. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1444 Competitive Landscape

3. Key players competing in the animal growth promoter market include Chr. Hansen A/S; Novus International, Inc.; BASF SE; Merck Animal Health; DuPont (Danisco); Kemin Industries; Alltech; Elanco Animal Health Inc.; Zoetis Inc.; Cargill Animal Health; Bayer Animal Health; Yiduoli; Novozymes A/S; Biomin; and Royal DSM N.V. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter