Animal Growth Promoters & Performance Enhancer’s Market | Global Industry Analysis, Future Growth, Business Prospects and Forecast to 2023

Market Scenario:

Animal growth promoters & performance enhancers are additives used to improve the quality of animal nutrition as well as support the overall performance, and growth & development of livestock. Growth promoters & performance enhancers comprise of prebiotics, probiotics, organic acids, and other essential compounds.

Animal growth promoters & performance enhancers have gained status globally, as they support in overall growth & development and performance of the livestock animals. Growing health concerns among the sizeable global population together with increasing awareness about the benefits of animal growth promoters & performance enhancers has uplifted the market growth at global level. Moreover, growing population in the developing countries has increased the demand for production of poultry, ruminants and other livestock for consumption, which has uplifted the animal growth promoters & performance enhancers market.

The global animal growth promoters & performance enhancers market is projected to be propelled by the increasing awareness regarding available health benefits to the animals from these additives. Use of phytogenics, as a growth promoter is experiencing a high demand due to the restriction on the use of antibiotics. Mass market penetration is leading to the introduction of new products based out of the prebiotic, probiotic & organic acid feed additives and their retail across various regions.

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Key Players:

Some of the key players profiled in the global animal growth promoters & performance enhancers market: Alltech, Inc. (U.S.), Merck Animal Health (U.S.), Cargill Inc. (U.S.), Zoetis Inc. (U.S.), Biomin Holding GmbH (Austria), Koninklijke DSM N.V. (the Netherlands), Elanco US, Inc. (U.S.), Chr. Hansen Holding A/S (Denmark), Boehringer Ingelheim Ltd. (U.K), and Bayer Animal Health GmbH (Germany)

Intended Audience:

  • Animal growth promoter manufacturers
  • Livestock industry
  • Raw material suppliers
  • Retailers and wholesalers
  • Traders, importers, and exporters

Key Findings:

The demand for animal growth promoters & performance enhancers is high from poultry and livestock holders

Jan 2016, Adisseo and Novozymes, two global leaders in the animal nutrition and feed additive industry, have launched probiotic for poultry, on the U.S. market as well as in a number of countries in the Middle East and South East Asia.

Asia Pacific region is experiencing a higher growth rate in the global animal growth promoters & performance enhancers market

Segments:

The global animal growth promoters & performance enhancers market is segmented into type and livestock.

On the basis of the type, it is segmented into antibiotics, hormones, probiotics & prebiotics, organic acids, phytogenics, and others. Among all, the antibiotics segment is dominating the market followed by the phytogenics segment owing to its higher use in the poultry animals for high yield, and protection from diseases.

On the basis of the livestock, it is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the poultry segment is dominating the market based on increased consumption of poultry and meat products globally. However, the swine segment is projected to witness steady growth over the forecast period owing to increasing consumption of pork in the European countries.

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Regional Analysis:

The global animal growth promoters & performance enhancers market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the animal growth promoters & performance enhancers market followed by North America. In the Asia Pacific region, China is the major consumer of meat and meat products, this is driving the growth of animal growth promoters & performance enhancers market in this region. Furthermore, increasing consumption of poultry and meat products and rapidly growing population in developing countries of Asia Pacific is giving a push to the growth of the animal growth promoters & performance enhancers market.

Moreover, rising demand for growth promoting & performance enhancing additives for animals in countries like the U.S., Canada, and Mexico in the North American region is projected to boost the animal growth promoters & performance enhancers market during the forecast period.

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