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The client, an animal feed ingredients manufacturer, based out of North America, witnessed stagnant growth for three consecutive years. As a result, the company started losing out its market share to competitors. To cover up for the losses, they wanted to invest into profitable growth opportunities and address complex market needs. They chose to partner with Infiniti Research to leverage their expertise in offering growth strategy engagement.
By leveraging Infiniti’s growth strategy engagement, the animal feed ingredients market client also wanted to address challenges including:
- Focusing on product portfolio expansion and partnerships
- Devising cost-effective production routes to control price volatility and overcoming demand challenges in a price-sensitive market
- Expanding research and development in segments such as enzymes, probiotics, organic trace minerals, prebiotics, and omega-3 fatty acids as these sectors hold innovation potential
We use a unique combination of primary research expertise and traditional desk research to provide clients in the animal feed ingredients market with smart business insights and customer-oriented strategies. Contact us today.
By leveraging Infiniti’s growth strategy engagement, the animal feed ingredients market client was able to understand key market penetration success factors, attractive opportunities, and entry barriers. This helped the client to take strategic market entry approaches and tap into the opportunities in bigger markets. Also, the experts helped the client to identify end-users core needs that can be addressed via innovation. This helped the client to invest into cost-effective processes and subsequently enhance business efficiency and drive customer engagement. Also, the client was able to gain an understanding of the growth trends from a customer perspective. In addition, the client was able to uncover regulatory issues that may serve as a potential challenge.
Besides, the client was able to:
- Focus on product portfolio expansion and partnerships, which subsequently helped them expand into much bigger markets and improve sales
- Devise cost-effective production routes and control price volatility
- Undertake approaches to expand their operations into new market segments
- Curtail losses in market share and increase sales by 32%, generating savings of over $2.7 million
Dramatic shifts in industry structure, customer expectations, and demand patterns creates the need for equally dramatic shifts in operational strategies for animal feed ingredients companies. Request more info to learn how our business continuity solutions can help companies in the animal feed ingredients market to keep pace with market transformations amidst the COVID-19 crisis.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us