New York, Global Animal Growth Promoters and Performance Enhancers Market report from Global Insight Services is the single authoritative source of intelligence on Animal Growth Promoters and Performance Enhancers Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Animal growth promoters and performance enhancers are substances that are added to the feed or water of animals to improve their rate of growth, feed efficiency, or carcass quality. Growth promoters are typically hormones or other compounds that stimulate appetite or metabolism. Performance enhancers are typically drugs that improve muscle development or stamina.
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Key Trends
The key trends in Animal Growth Promoters and Performance Enhancers technology are:
1. Increasing demand for meat and animal products: The world population is projected to reach 9.1 billion by 2050 and the demand for meat and animal products is expected to increase significantly. This will lead to an increased demand for animal growth promoters and performance enhancers.
2. Increasing demand for healthy and nutritious food: There is an increasing trend for healthy and nutritious food. Consumers are becoming more health conscious and are looking for food that is low in fat, cholesterol and calories. This trend is expected to continue and will drive the demand for animal growth promoters and performance enhancers.
3. Increasing regulation of the use of antibiotics: There is an increasing trend towards regulation of the use of antibiotics in animal feed. This is due to the concerns over the development of antibiotic resistance in bacteria. The use of growth promoters is expected to be limited to certain therapeutic uses.
4. Increasing research and development: There is an increasing amount of research and development taking place in the area of animal growth promoters and performance enhancers. This is due to the growing demand for these products.
Key Drivers
The key drivers of the Animal Growth Promoters and Performance Enhancers market are:
1. Increasing demand for meat and dairy products: There is a growing global demand for meat and dairy products, which is driving the demand for animal growth promoters and performance enhancers.
2. Rising cost of feed: The cost of feed is a major cost component in animal husbandry, and the rising cost of feed is driving up the cost of meat and dairy products.
3. Increasing regulations: There are increasing regulations on the use of hormones and other growth-promoting substances in animals, which is driving up the cost of these products.
4. Stringent food safety standards: Stringent food safety standards are driving up the demand for safe and effective animal growth promoters and performance enhancers.
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Market Segments
The Animal Growth Promoters and Performance Enhancers Market is segmented by type, animal type and region. By type the market is divided into antibiotic and non-antibiotic. Based on animal type it is segmented into poultry, porcine, livestock and aquaculture. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Players
The Animal Growth Promoters and Performance Enhancers Market includes players such as Cargill, Incorporated, Royal DSM N.V. , Elanco Animal Health Incorporated, Boehringer Ingelheim Group, Merck & Co., Inc, Alltech Corporation, Archer-Daniels-Midland Company (ADM), Vetoquinol S.A. , Bupo Animal Health Pty Ltd and Novus International, Inc.
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