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Animal Growth Promoters and Performance Enhancers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

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Original Price: $ 5795

 

Animal growth promoters and performance enhancers are defined as the chemicals or drugs that help animals in growing faster by digesting their food more effectively, getting maximum benefit out of it and allowing the animals to develop into strong and healthy adults. These chemicals also protect the animal from various types of microbial diseases. Animal growth promoters and performance enhancers market can be differentiated on the basis of different type of animal growth promoters and performance enhancers and on the basis of animal classes. Depending on the nature and use of chemicals, various types of animal growth promoters and performance enhancers are available in the market which are as follows:

  • Microbial products
  • Prebiotics and Probiotics
  • Yeast Products
  • Enzymes
  • Herbs, oils and spices

Microbial products capture the major share of the animal growth promoters and performance enhancers market. These products are used for destroying or inhibiting bacteria by administering a low dose. The use of microbial products for growth promotion has arisen with the strengthening of livestock farming. Infectious agents lessen the yield of farm animals and for controlling these microorganisms, the administration of sub-therapeutic antimicrobial agents and antibiotics is performed. Depending on the animal classes, the animal growth promoters and performance enhancers market has been differentiated into following categories:

  • Livestock
  • Aquaculture
  • Poultry
  • Porcine
  • Equine

Livestock and poultry are the dominating classes of animals which are provided with animal growth promoters and performance enhancers. Increase in the yield of the products such as eggs, wool and milk, which are originated from these animals is the major reason which is driving the animal growth promoters and performance enhancers market among livestock and poultry classes. Additionally, the increasing demand of meat worldwide is the other major factor which will propel the animal growth promoters and performance enhancers market in the future. Animal growth promoters help the animal in gaining weight and fat, which results in more meat production and expensive selling of animal. According to an experiment conducted by Biomin Holding GmbH, company involved in developing animal feed additives and premixes, the piglets which were fed with phytogenetic feed additives comprised of essential oils from anise, citrus, oregano and plant extracts gained 5.2% extra weight compared to the normal growing piglets. The faster growth of the animal coupled with extra meat and fat amount will assist the animal growth promoters and performance enhancers market during the forecast period. 

 

However, the stringent regulations set by the government of the U.S. and Europe against the use of animal growth promoters and performance enhancers is restraining its market. For instance, in 2003, the European Union has banned the use of antibiotic growth promoters which consist of monensin sodium, flavophospholipol, avilamycin and salinomycin sodium in the animal feed. Under the regulation, only the used or processed additives which would be authorized by European Food Safety Authority (EFSA) would only be allowed to be sold in the market. This regulation has resulted decline in the sales of microbial animal growth promoters and performance enhancers in the European countries, hence restraining the market.

 

Some of the market players in the animal growth promoters and performance enhancers market include Simfa Labs Pvt. Ltd., Bayer AG, Bioniche Life Sciences, Inc., Bupo Animal Health, Zoetis, Inc., Eli Lilly and Company, Merck & Co., Inc. and Cargill, Inc. 

 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments


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