Animal Growth Promoters and Performance Enhancers Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0197046
  • Format: Electronic (PDF)
  • Number of Pages: 204
  • Author(s): Joshi, Madhavi

Report Overview

The Animal Growth Promoters and Performance Enhancers Market size was estimated at USD 6.5 billion in 2023 and is projected to reach USD 12 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Animal Growth Promoters and Performance Enhancers Market

(Market Size)
$6.5 billion
$12 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 6.5 billion
2030 Market Size USD 12 billion
Key Players Zoetis, Elanco, Merck Animal Health

Market Summary

The animal growth promoters and performance enhancers market is a critical segment within the global food and beverages industry, focused on improving the efficiency and output of livestock production. These products are extensively utilized to enhance feed conversion rates, accelerate weight gain, and improve overall animal health, thereby directly impacting meat, milk, and egg yields. The market is characterized by a diverse range of products including antibiotic-based growth promoters, probiotics, prebiotics, enzymes, and hormones, each catering to specific livestock needs such as poultry, swine, ruminants, and aquaculture. Increasing global demand for animal protein, driven by rising population and disposable incomes, is a fundamental factor propelling this market. However, the industry is undergoing a significant transformation due to growing concerns over antibiotic resistance, leading to stringent regulatory frameworks and a shift towards natural and organic growth promoters. Key players are continuously investing in research and development to introduce innovative and safer alternatives that comply with evolving regulations and meet consumer demand for antibiotic-free products. The market is highly competitive with a mix of multinational corporations and specialized manufacturers striving to expand their product portfolios and geographic presence.

Key Highlights

The animal growth promoters and performance enhancers market is distinguished by several pivotal developments shaping its current trajectory. A prominent highlight is the accelerating transition away from antibiotic growth promoters (AGPs) towards phytogenic feed additives, probiotics, and prebiotics, driven by regulatory bans and consumer awareness regarding sustainable farming practices. Another significant aspect is the increasing integration of advanced technologies such as precision nutrition and digital monitoring systems to optimize dosage and efficacy of these enhancers, ensuring improved animal welfare and productivity. The market is also witnessing robust growth in the aquaculture segment, where performance enhancers are crucial for improving feed efficiency and disease resistance in fish farming. Geographically, emerging economies in Asia-Pacific and Latin America are exhibiting substantial growth potential due to expanding livestock production and modernization of farming techniques. Furthermore, strategic collaborations, mergers, and acquisitions among leading companies like Cargill, Royal DSM, and Elanco Animal Health are intensifying competition and fostering innovation in product development. These dynamics underscore a market that is rapidly evolving to address both productivity demands and sustainability challenges.

Drivers, Opportunities & Restraints

The growth of the animal growth promoters and performance enhancers market is propelled by several key drivers, primarily the escalating global demand for high-quality animal protein necessitating enhanced livestock productivity. Rising meat consumption, particularly in developing regions, coupled with the need for efficient feed utilization, is compelling farmers to adopt these products to achieve higher yields and operational profitability. Additionally, increasing awareness about animal health and the prevention of diseases through nutritional interventions is further stimulating market expansion. Significant opportunities lie in the development and commercialization of natural and organic growth promoters, such as plant extracts and essential oils, which are gaining traction due to their safety and environmental benefits. The expanding aquaculture industry also presents a lucrative avenue for market players to introduce specialized enhancers tailored for aquatic species. However, the market faces considerable restraints, including stringent regulatory policies prohibiting the use of certain antibiotics in animal feed, exemplified by bans in the European Union and increasing scrutiny in North America. Concerns regarding antibiotic resistance and potential residues in animal products are prompting regulatory bodies to impose stricter guidelines, challenging manufacturers to reformulate products. Moreover, high costs associated with research and development of novel alternatives and fluctuating raw material prices could hinder market growth.

Concentration Insights

The animal growth promoters and performance enhancers market exhibits a moderately concentrated landscape with the presence of both global giants and regional players, although the top companies command a significant share due to their extensive product portfolios and robust distribution networks. Key players such as Zoetis Inc., Elanco Animal Health, Cargill Incorporated, Royal DSM, and Archer Daniels Midland Company dominate the market through continuous innovation and strategic acquisitions. These companies invest heavily in research and development to introduce advanced solutions that comply with regulatory standards and cater to evolving consumer preferences for natural products. Regional concentration is notable in North America and Europe, where established regulatory frameworks and high awareness levels drive adoption, while Asia-Pacific is emerging as a focal point due to rapid industrialization of livestock farming. The market concentration is further influenced by partnerships between manufacturers and feed companies, enabling integrated offerings and enhanced market penetration. However, the presence of numerous small and medium-sized enterprises specializing in niche products, such as organic acids or specific enzymes, adds a layer of fragmentation, particularly in regions with less stringent regulations. This dynamic creates a competitive environment where innovation, regulatory compliance, and geographic expansion are critical for maintaining market leadership.

Type Insights

The animal growth promoters and performance enhancers market is segmented by type into various categories including antibiotic-based promoters, probiotics, prebiotics, enzymes, organic acids, phytogenics, and hormones. Antibiotic growth promoters, historically the most widely used, are facing decline due to regulatory restrictions and health concerns, although they remain prevalent in some regions under veterinary supervision. Probiotics and prebiotics are gaining substantial traction as they promote gut health and improve immunity through natural microbial balance, aligning with the trend towards antibiotic-free animal production. Enzymes such as phytases and carbohydrases enhance nutrient digestibility and feed efficiency, reducing environmental waste and operational costs. Organic acids are increasingly adopted for their antimicrobial properties and ability to improve feed preservation and animal performance. Phytogenic feed additives, derived from herbs, spices, and essential oils, are emerging as popular alternatives due to their natural origin and multifunctional benefits including anti-inflammatory and antioxidant effects. Hormonal growth promoters, though effective, are subject to stringent regulations and ethical debates, limiting their use primarily to specific applications like beef production in certain countries. Each type offers distinct advantages and challenges, driving manufacturers to develop blended solutions that maximize efficacy while ensuring safety and compliance.

Application Insights

In terms of application, the animal growth promoters and performance enhancers market is categorized into poultry, swine, ruminants, aquaculture, and others. The poultry segment holds a dominant share owing to high global consumption of chicken meat and eggs, necessitating efficient growth enhancement to meet demand. Products aimed at improving feed conversion ratio and disease resistance are extensively used in broilers and layers. The swine application is also significant, with enhancers focused on increasing weight gain and reproductive performance in pigs, particularly in large-scale commercial farms. Ruminants, including cattle and sheep, benefit from growth promoters that enhance milk yield and meat production, with specific emphasis on rumen health and methane reduction. Aquaculture represents the fastest-growing application segment, driven by expanding fish farming and the need for specialized enhancers that improve growth rates, feed utilization, and stress resistance in species like salmon and tilapia. Other applications include equine and pet nutrition, where performance enhancers are used for health maintenance and athletic performance. Each application requires tailored solutions based on animal physiology and farming practices, influencing product development and marketing strategies across the market.

Regional Insights

Geographically, the animal growth promoters and performance enhancers market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America and Europe are mature markets characterized by stringent regulatory environments, particularly regarding antibiotic use, which has accelerated the adoption of natural alternatives like probiotics and enzymes. These regions also exhibit high awareness about animal welfare and sustainable practices, driving innovation. Asia-Pacific is the largest and fastest-growing market, fueled by rising meat consumption, industrialization of livestock production, and government initiatives to modernize agriculture in countries such as China, India, and Vietnam. Latin America shows substantial growth potential, especially in Brazil and Argentina, due to robust meat export industries and expanding feed production capacities. The Middle East and Africa region is evolving, with increasing investments in livestock farming and gradual adoption of advanced enhancers to improve food security. Regional disparities in regulations, consumer preferences, and farming practices significantly influence market dynamics, necessitating localized strategies for companies operating in this space.

Company Insights

The competitive landscape of the animal growth promoters and performance enhancers market features several prominent companies striving to enhance their market position through product innovation and strategic expansions. Zoetis Inc. is a key player offering a wide range of animal health products, including vaccines and feed additives, with a strong focus on research and development. Elanco Animal Health specializes in innovative solutions for both farm and pet animals, emphasizing sustainability and antibiotic alternatives. Cargill Incorporated leverages its integrated feed and nutrition expertise to provide comprehensive enhancer solutions, often through partnerships and acquisitions. Royal DSM is renowned for its nutritional products, particularly vitamins, enzymes, and eubiotics, aimed at improving animal health and performance. Archer Daniels Midland Company offers a diverse portfolio of feed ingredients and additives, including probiotics and organic acids. Other significant players include Alltech, associated with natural nutrition solutions, and Kemin Industries, known for specialty ingredients. These companies invest heavily in regulatory compliance, sustainability initiatives, and geographic expansion to cater to evolving market demands and strengthen their global footprint.

Recent Developments

Recent developments in the animal growth promoters and performance enhancers market reflect a strong industry focus on innovation, sustainability, and regulatory adaptation. Several leading companies have launched new natural products, such as phytogenic blends and next-generation probiotics, to replace antibiotic growth promoters and address consumer concerns. For instance, Royal DSM introduced a novel enzyme solution aimed at reducing phosphorus excretion in poultry, enhancing environmental sustainability. Strategic acquisitions have been prevalent, with Cargill acquiring Diamond V to expand its portfolio of natural feed additives focused on animal health and immunity. Elanco Animal Health completed the acquisition of Bayer Animal Health, significantly strengthening its product offerings and market reach. Regulatory advancements continue to shape the industry, with regions like Europe implementing stricter guidelines on medicated feed, prompting companies to reformulate products. Investments in digital agriculture technologies, including data analytics for precision feeding, are gaining momentum to optimize the efficacy of growth promoters. Additionally, collaborations between research institutions and manufacturers are accelerating the development of novel solutions, such as immune-modulating additives, to meet future challenges in animal production.

Report Segmentation

This comprehensive report on the animal growth promoters and performance enhancers market provides detailed segmentation to offer actionable insights for stakeholders. The market is segmented by type into antibiotic growth promoters, probiotics, prebiotics, enzymes, organic acids, phytogenic feed additives, hormones, and others, enabling a thorough analysis of product trends and demand patterns. By application, the segmentation covers poultry, swine, ruminants, aquaculture, and other animals, highlighting specific needs and growth opportunities across different livestock sectors. Geographically, the report is divided into key regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, with further breakdowns into major countries to assess regional dynamics and potential. Additionally, the report includes segmentation by form such as dry and liquid, and by function including growth promotion, disease prevention, and feed efficiency, providing a multidimensional view of the market. This structured approach facilitates a deep understanding of market drivers, competitive landscape, and future prospects, aiding businesses in strategic decision-making and investment planning.

FAQs

What are animal growth promoters and performance enhancers? Animal growth promoters and performance enhancers are feed additives used in livestock production to improve growth rates, feed efficiency, and overall health. These include substances like antibiotics, probiotics, enzymes, and phytogenics that help animals utilize nutrients better, gain weight faster, and resist diseases, ultimately enhancing productivity in the food chain.

Why is there a shift away from antibiotic growth promoters? The shift away from antibiotic growth promoters is primarily due to concerns over antibiotic resistance in humans and animals, leading to stricter regulations bans in many regions. Consumers and producers are increasingly adopting natural alternatives like probiotics and plant-based additives to ensure safer animal products and sustainable farming practices.

What are the key types of natural growth promoters available? Key natural growth promoters include probiotics, which beneficial live microorganisms that improve gut health prebiotics, which feed good bacteria enzymes that enhance digestion phytogenics derived from herbs and spices and organic acids that inhibit harmful bacteria. These alternatives are gaining popularity for their safety and environmental benefits.

How do growth promoters benefit the poultry industry? In the poultry industry, growth promoters significantly improve feed conversion ratios, accelerate weight gain in broilers, enhance egg production in layers, and boost overall flock health by reducing disease incidence. This leads to higher profitability and meets the rising global demand for poultry meat and eggs efficiently.

Which regions have the strictest regulations on animal growth promoters? Europe has the strictest regulations, with a complete ban on antibiotic growth promoters in animal feed since 2006. North America also imposes rigorous guidelines, increasingly restricting antibiotic use and promoting alternatives. These regions are trendsetters in regulatory standards influencing global market practices.

The Global Animal Growth Promoters & Performance Enhancers Market size was valued at $XX billion in 2023, and is anticipated to reach $XX billion by 2030, growing at a CAGR of XX% during the forecast period. Citius Research has developed a research report titled “Animal Growth Promoters & Performance Enhancers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Animal Growth Promoters and Performance Enhancers Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Animal Growth Promoters & Performance Enhancers Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Animal Growth Promoters and Performance Enhancers Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Animal Growth Promoters and Performance Enhancers Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Animal Growth Promoters & Performance Enhancers Market
• Research Methodology
• Executive Summary
• Market Dynamics of Animal Growth Promoters & Performance Enhancers Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Animal Growth Promoters & Performance Enhancers Market
• Cost and Gross Margin Analysis of Animal Growth Promoters & Performance Enhancers Market
• Animal Growth Promoters & Performance Enhancers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Animal Growth Promoters & Performance Enhancers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Animal Growth Promoters and Performance Enhancers Market Key Stakeholders

Below are the key stakeholders for the Animal Growth Promoters & Performance Enhancers Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Animal Growth Promoters & Performance Enhancers Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Animal Growth Promoters & Performance Enhancers Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Animal Growth Promoters & Performance Enhancers Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Animal Growth Promoters & Performance Enhancers Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Animal Growth Promoters & Performance Enhancers Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Animal Growth Promoters and Performance Enhancers Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Animal Growth Promoters and Performance Enhancers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Animal Growth Promoters and Performance Enhancers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Animal Growth Promoters and Performance Enhancers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Animal Growth Promoters and Performance Enhancers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Animal Growth Promoters and Performance Enhancers Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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