Animal Growth Promoters Market: Opportunities Challenges Drivers Trends Global Business Growth Forecast By 2024-2031 - Merck and co., Cargill Inc., Royal DSM N.V.

DataM Intelligence has released a new research report on the Animal Growth Promoters market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Animal Growth Promoters Market is expected to grow at a CAGR of 6.2% during the forecasting period (2024-2031).

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Animal growth promoters are substances or additives used in animal feed to enhance the growth rate and improve feed efficiency in livestock, poultry, and other farm animals. These include antibiotics, probiotics, hormones, enzymes, and certain chemicals that promote faster weight gain and better feed utilization, often leading to increased production of meat, milk, or eggs. While growth promoters can improve agricultural productivity, concerns over antibiotic resistance, food safety, and animal welfare have led to regulatory scrutiny and a shift toward alternative, natural growth-promoting solutions in many regions.

List of the Key Players in the Animal Growth Promoters Market:

Merck and co., Cargill Inc., Royal DSM N.V., Veto quinol, Bupo Animal Health, Elanco Animal Health Inc., CHR Hansen, Novus International Inc., Associated British Foods (ABF) plc, and Alltech Inc. (US).

Key Developments:

In 2019, the poultry segment held the largest share of the animal growth promoters market. This dominance can be attributed to the rising global demand for poultry meat and eggs, modern diet formulation strategies used in poultry farming, and the phasing out of antibiotics, which has led to the development of alternative growth-promotion strategies. These factors collectively contribute to the segment's significant market presence.

Research Process:

Both primary and secondary data sources have been used in the global Animal Growth Promoters Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Animal Growth Promoters Market:

By Type: Probiotics and Prebiotics, Phytogenics, Others

By Animal Type: Ruminant, Poultry, Swine, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**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**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Animal Growth Promoters market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Animal Growth Promoters Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Animal Growth Promoters market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Animal Growth Promoters Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Animal Growth Promoters market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Animal Growth Promoters market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Animal Growth Promoters market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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