COVID-19 Impact and Recovery Analysis - Animal Growth Enhancers Market 2020-2024 | Demand of Water-Soluble Organic Feed Additives to Boost Growth

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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Animal Growth Enhancers Market Download free sample report

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.

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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:

·         Product

o    Antibiotics

o    Prebiotics and Probiotics

o    Feed Enzymes

o    Others

·         Geographic Landscape

o    North America

o    APAC

o    Europe

o    South America

o    MEA

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. The 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.