Natural Growth Promoters Industry Is Expected To Reach USD 24.7 Billion By 2031 - DSM, Simfa Labs Pvt. Ltd., Alltech.

The Global Natural Growth Promoters Market reached US$ 13.1 billion in 2023 and is expected to reach US$ 24.7 billion by 2031, growing with a CAGR of 8.2% during the forecast period 2024-2031.

DataM Intelligence has released a new research report on "Natural Growth Promoters Market Size 2024." This report offers in-depth insights into key factors such as regional growth, segmentation, CAGR, and the revenue status of leading players in the industry. Its aim is to present a detailed overview of the current market size in terms of value and volume, as well as potential opportunities and development trends.

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The global market for natural growth promoters has seen substantial growth and evolution over the years. These additives, which are mixed into animal feed, play a crucial role in improving feed efficiency and boosting the growth and development of livestock. Their effectiveness in enhancing animal productivity has driven increased adoption and demand. As more farmers and producers recognize the benefits of these natural growth promoters, their usage is expected to continue growing.

The Natural Growth Promoters Market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Key Developments:

• In October 2023, Evonik China Co. Ltd. and Shandong Vland Biotech Co. Ltd. formed a joint venture aimed at expanding their global reach in gut health solutions for farm animals. This collaboration is a key part of Evonik's strategy to provide comprehensive system solutions for the animal feed industry.

• Earlier, in December 2022, Adisseo Group announced its acquisition of Nor-Feed and its subsidiaries. Nor-Feed, a French company, specializes in plant-based ingredients and extracts for animal nutrition, making this acquisition a strategic move for Adisseo to enhance its offerings in the field.

Market Dynamics:

Increase in Meat Consumption

Meat consumption remains substantial, with the USDA reporting that in 2021, each person in the United States had access to 68.1 pounds of chicken and 47.5 pounds of pork. These high consumption rates drive the need for increased production of high-quality meat.

To meet this rising demand, the poultry industry is increasingly adopting natural growth promoters. These additives improve feed efficiency, accelerate animal maturation, and enhance weight gain and overall development. As a result, the use of growth promoters is expected to contribute significantly to market growth by boosting production efficiency and meeting consumer demands.

Market Segment Analysis:

By Type: Acidifiers, Probiotics, Prebiotics, Synbiotics, Phytogenics, Tannins, Feed Enzymes, Immune Stimulants, Others.

By Distribution Channel: E-Commerce, Hypermarkets/Supermarkets, Specialty Stores, Others.

By Packaging: Pouches, Bottles, Others.

By Application: Poultry, Ruminants, Swine, Aquaculture, Others.

Major Key players:

• Simfa Labs Pvt. Ltd.
• DSM
• Alltech.
• Kemin Industries, Inc.
• International Flavors & Fragrances Inc.
• Novozymes
• BASF SE
• Phibro Animal Health Corporation.
• Phileo by Lesaffre
• Nutraferma, Inc.

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*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Natural Growth Promoters Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The Natural Growth Promoters Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Silicone Pin Mat Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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