Animal growth promoters & performance enhancers Market Research Report - Global Forecast till 2027

Animal Growth Promoters & Performance Enhancers Market Research Report: Information by Product Type (Antibiotic, Hormonal, Feed Enzymes, Probiotics & Prebiotics, Phytogenic, and Others), Livestock (Ruminants, Poultry, Porcine, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

ID: MRFR/AGR/3918-HCR | February 2021 | Region: Global | 110 pages

Animal growth promoters & performance enhancers Market Scenario


The animal growth promoters & performance enhancers market is expected to register a CAGR of 5.3% from 2019 to 2024 and reach USD 14.24 billion by the end of 2024. Animal growth promoters & performance enhancers are growth supplements given to animals so that they can grow rapidly and have increased weight. They are also used to increase the productivity of animals like to increase the production of milk in ruminants. The increasing meat consumption all over the globe and increasing disposable income are the major factors driving the growth of animal growth promoters & performance enhancers. Moreover, rapid growth in population across the globe has led to an increase in demand for food from animal source, which is projected to fuel the growth of animal growth promoters & performance enhancers industry. Additionally, using these growth promoters and performance enhancers helps farmers to increase their income from their livestock, which is anticipated to support the growth of market. However, stringent rules and regulations in some countries regarding the use of animal growth promoters & performance enhancers can hinder the growth of animal growth promoters & performance enhancers industry.  


Segmentation


The animal growth promoters & performance enhancers market has been segmented based on product type, livestock, and region. The market has been classified, based on product type, as an antibiotic, hormonal, feed enzymes, probiotics & prebiotics, phytogenic, and others. The market has been bifurcated, based on livestock, into ruminants, poultry, porcine, and others. The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. 


The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The animal growth promoters & performance enhancers industry, in the rest of the world, has been segmented into South America, the Middle East, and Africa.


Key Players


Vétoquinol and Bioniche Life Sciences Inc. (Canada), Bayer Animal Health GmbH (Germany), DSM N.V. Merck & Co. Inc. (US), Biomin Holding Gmbh (German), Boehringer Ingelheim International GmbH (Germany), Cargill Inc (US), Zoetis Inc.(US), AB Vista Inc. (UK), The Alltech Groupare (US), Elanco Animal Health Incorporated (US), Bupo Animal Health (South Africa), Chr. Hansen A/S (Denmark), Danisco A/S (Denmark), Novus International Inc. (US) are some of the key players in the global Animal growth promoters & performance enhancers  market 


Regional Market Summary


highest CAGR in the global market during the forecast period due to increasing demand of meat from various countries such as India, China, Thailand, Malaysia, Vietnam, and Indonesia. Moreover, overall increase in population coupled with increasing disposable income is anticipated to fuel the growth of animal growth promoters & performance enhancers market in this region.


The North American region is expected to have a significant market share during the review period owing to the high consumption of meat. Moreover, strong presence of meat processing industries in the region is projected to support the growth of animal growth promoters & performance enhancers industry.  


The market in the rest of the world is expected to grow at a steady rate owing to increasing demand for frozen meat and meat products.


Global Animal Growth Promoters & Performance Enhancers Market, by Product Type



  • Antibiotic

  • Hormonal

  • Feed Enzymes

  • Probiotics & Prebiotics

  • Phytogenic

  • Others


Global Animal Growth Promoters & Performance Enhancers Market, by Livestock



  • Ruminants

  • Poultry

  • Porcine

  • Others


Global Animal Growth Promoters & Performance Enhancers Market, by Region




  • North America



    • US

    • Canada

    • Mexico






  • Europe



    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe






  • Asia-Pacific



    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific






  • Rest of the World (RoW)



    • South America

    • Middle East

    • Africa




Intended Audience



  • Animal growth promoter manufacturers

  • Livestock industry

  • Raw material suppliers

  • Retailers and wholesalers

  • Traders, importers, and exporters



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Frequently Asked Questions (FAQ) :


Animal growth promoters & performance enhancers market is projected to grow at approximately 5.3% CAGR during the assessment period (2019-2024).

Animal growth promoters & performance enhancers market is estimated to reach a valuation of approx. USD 14.24 BN by the end of 2024.

Increasing demand for the productivity of animals and the increasing meat consumption all over the globe, are the major tailwinds pushing the growth of the global animal growth promoters & performance enhancers market.

Asia Pacific holds the largest share in the global animal growth promoters & performance enhancers market, followed by North America and Europe, respectively.

Bayer Animal Health GmbH (Germany), Vétoquinol and Bioniche Life Sciences Inc. (Canada), DSM N.V. Merck & Co. Inc. (US), Biomin Holding Gmbh (German), Cargill Inc (US), Boehringer Ingelheim International GmbH (Germany), Zoetis Inc.(US), Chr. Hansen A/S (Denmark), Danisco A/S (Denmark), Novus International Inc. (US) AB Vista Inc. (UK), The Alltech Groupare (US), Bupo Animal Health (South Africa), and Elanco Animal Health Incorporated (US), are some of the top players operating in the global animal growth promoters & performance enhancers market.