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.

Global Animal Growth Enhancers Market 2020-2024 | Evolving Opportunities with Archer Daniels Midland Co. and BASF SE

The animal growth enhancers market is poised to grow by USD 4.05 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period.

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The market is driven by the rising demand for poultry products. In addition, the R&D efforts towards discovering natural growth promoters are anticipated to boost the growth of the animal growth enhancers market.

The increasing consumption of meat is driving the demand for animal growth enhancers. The growing need for a healthy lifestyle has led to a shift in consumer preferences from red meat to white meat, which is increasing the demand for poultry meat. The consumption of poultry meat is expected to increase significantly in developing countries, as the consumers are keen on maintaining protein-rich diets. This, in turn, will drive the market for animal growth enhancers.

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Major Five Animal Growth Enhancers Companies:

Archer Daniels Midland Co.

Archer Daniels Midland Co. has business operations under various segments, such as origination, oilseeds, carbohydrate solutions, and nutrition. The company offers a wide range of feed additives to improve animal health. The product offerings range from amino acids and feed enzymes to high-quality macro feed ingredients, supplements, premixes, custom ingredient blends and specialty feed ingredients to aid in optimizing animal health and nutrition.

BASF SE

BASF SE operates its business through various segments, such as chemicals, performance products, functional materials & solutions, and agricultural solutions. The company offers a wide range of innovative feed additives for livestock, aquaculture, and companion animals. The products group includes enzymes, glycinates, carotenoids, organic acids, vitamins, clay products, and conjugated linoleic acid.

Bayer AG

Bayer AG has business operations under various segments, such as pharmaceuticals, consumer health, crop science, animal health, and corporate functions & business services. The company’s key offering includes Baytril, which is an antibiotic to treat bacterial infection in animals. It is the most important quinolone used for treating bacterial infections in animals worldwide.

C.H. Boehringer Sohn AG & Co. KG

C.H. Boehringer Sohn AG & Co. KG operates its business through three segments, namely human pharmaceuticals, animal health, and biopharmaceuticals. The company offers animal growth enhancers, and advanced, preventive animal healthcare products for swine, which includes Enterisol Ileitis, Ingelvac Provenza, Ingelvac MycoFLEX, and others.

Cargill Inc.

Cargill Inc. has business operations under four segments, such as animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. The company offers animal growth enhancers such as Notox, Valido, Intella, Cinergy, Proviox, and Enzae.