Technavio has been monitoring the animal growth enhancers market and it is poised to grow by USD 4.05 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Animal Growth Enhancers Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
What was the value of the animal growth enhancers market in 2019?
Technavio says that the value of the market was USD 11.48 billion in 2019 and it is projected to reach USD 15.53 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 6%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Demand of water-soluble organic feed additives is one of the key factors driving the market growth.
Who are the top players in the market?
Archer Daniels Midland Co., BASF SE, Bayer AG, C.H. Boehringer Sohn AG & Co. KG, Cargill Inc., Elanco Animal Health Inc., Evonik Industries AG, Land O'Lakes Inc., Nutreco NV, and Zoetis Inc. are some of the major market participants.
Which region is expected to hold the highest market share?
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 5.75%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Daniels Midland Co., BASF SE, Bayer AG, C.H. Boehringer Sohn AG & Co. KG, Cargill Inc., Elanco Animal Health Inc., Evonik Industries AG, Land O'Lakes Inc., Nutreco NV, and Zoetis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The demand of water-soluble organic feed additives has been instrumental in driving the growth of the market.
Animal Growth Enhancers Market 2020-2024: Segmentation
Animal Growth Enhancers Market is segmented as below:
Prebiotics and Probiotics
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Animal Growth Enhancers Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our animal growth enhancers market report covers the following areas:
Animal Growth Enhancers Market size
Animal Growth Enhancers Market trends
Animal Growth Enhancers Market analysis
This study identifies the growing need to protect humans from animal-food related diseases as one of the prime reasons driving the animal growth enhancers market growth during the next few years.
Animal Growth Enhancers Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the animal growth enhancers market, including some of the vendors such as Archer Daniels Midland Co., BASF SE, Bayer AG, C.H. Boehringer Sohn AG & Co. KG, Cargill Inc., Elanco Animal Health Inc., Evonik Industries AG, Land O'Lakes Inc., Nutreco NV, and Zoetis Inc. Backed with competitive intelligence and benchmarking, our research reports on the animal growth enhancers market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Animal Growth Enhancers Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist animal growth enhancers market growth during the next five years
Estimation of the animal growth enhancers market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the animal growth enhancers market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of animal growth enhancers market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
Antibiotics - Market size and forecast 2019-2024
Prebiotics and probiotics - Market size and forecast 2019-2024
Feed enzymes - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Product
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Archer Daniels Midland Co.
C.H. Boehringer Sohn AG & Co. KG
Elanco Animal Health Inc.
Evonik Industries AG
Land O'Lakes Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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