ANIMAL GROWTH PROMOTERS PERFORMANCE ENHANCERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Animal Growth Promoters Performance Enhancers Market, By Product (Antibiotic Growth Promoters, Beta-Agonist Growth Promoter, Feed Enzymes Growth Promoter, Probiotic Growth Promoter, and Others), By Animal Type (Porcine, Livestock, Equine, Aquaculture, and Others), By Nature of Chemicals (Microbial, Prebiotics, Probiotics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024
Code : CMI6909
Pages :145
Formats :
Excel and PDF
Industry : Pharmaceutical

Market Concentration and Competitive Landscape

Animal Growth Promoters Performance Enhancers Market Concentration By Players

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Market Driver – Need for Sustained High Productivity in Livestock Farming

The global population is projected to reach almost 10 billion by 2050, According to data published by World Bank, placing unprecedented pressure on agriculture and food systems. At the same time, arable land resources are limited and climate change pose challenges. Meat production is also coming under scrutiny due to environmental impacts. In this scenario, it is crucial for livestock farmers to maximize yields from their animals while coping with constraints. Animal growth promoters and performance enhancers provide solutions to boost output per animal without demanding more land or water resources. Their use ensures high productivity levels year after year even as operating costs rise. Furthermore, market forces like intense competition and price wars in the meat industry place constant pressure on producers to improve efficiency. Growth promoters help farms and meat suppliers enhance turnover, meet delivery commitments, and achieve quality specifications demanded by food retailers and restaurant chains.

Key Players Insights