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Animal Growth Promoters Market Growth, Trends & Forecasts (2017 - 2022)
animal growth promoters market, animal growth promoters and performance enhancers market, animal growth promoters market data, ani
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The Global market for Animal Growth promoters is estimated to reach $XX by 2020 growing at a CAGR of XX%. Growth promoters are important in animal nutrition as they improve the quality of feed thus improving animals performance and health subsequently improving the yield and quality of food from animal origin.
Ban on antibiotics has also spurred growth in feed probiotics market. Focus on improving the digestive health of the animals to enhance feed utilization is another reason for growth in the feed probiotics market.The market for specialty feed additives is expected to grow gradually as more number of compound feed manufacturers are moving towards value addition of the products offered to stay ahead of competition.
Changing demographics in Asia-Pacific like swelling urban populace, increasing income, rising trend of double income families and busy lifestyles among others has led to increased consumption of convenience food.
Currently, North America accounts for the largest market share. Regulatory issues in Europe is hindering the market growth paving the way for emerging economies to dominate the market. Asia-Pacific is the forecasted fastest growing market. In terms of potential, countries such as China, India, Thailand and Indonesia look attractive for business growth. Economic growth, industrialization of livestock industry, rising farmers awareness and Government support are the major factors for market attractiveness in the region.
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The Global Animal Growth Promoters market can be segmented on the basis of Product type (Antibiotics, In-feed enzymes, probiotics, prebiotics, antimicrobials, organic acid growth enhancers, phytogenic, yeast products, herbs, oils & spices, beta agonist growth enhancers), Animal type (Poultry, porcine, aquaculture, equine, livestock), Geography (North America, Europe, Asia Pacific & RoW).
Drivers
Rise in demand for meat production, livestock outbreak fuelling additives market, intensifying consumer focus on food safety, product innovation and industrialization of the livestock industry are the major factors fuelling the growth of the animal growth promoter market.
Restraints
Product counterfeiting issues, stringent regulatory framework in US & Europe and price volatility of Agri-commodities are the major factors hindering the growth of the market.
What the report offers
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Animal Growth Promoters Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Animal Growth Promoters market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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