Global animal growth promoters and performance enhancers market is expected to reach USD 21.57 billion by 2028, at a CAGR of 7.74% from 2021 to 2028. Global animal growth promoters and performance enhancers market is experiencing a significant growth due to rising global demand for meat, research into antibiotic alternatives, and the need to tackle epidemics and environmental factors.
Animal growth promoters and performance enhancers are described as drugs or chemicals which help animals grow more easily, by digesting their food efficiently, making the most of it, and enabling animals to develop to healthy and strong adults. These chemicals also shield animals from various kinds of infectious diseases. Cattle producers use growth promoters to increase growth rates and improve product quality and overall efficiency. Multiple compounds have been tried for growth promotion, including antimicrobial agents and hormones. The animal growth promoters are mainly of two types i.e., antibiotic and non-antibiotic growth promoters. The term “antibiotic growth promoter” refers to any pharmaceutical drug that kills or inhibits bacteria and is given at small, sub-therapeutic dosage. With the intensification of livestock farming, the use of antibiotics for growth promotion has emerged. Different types of food additives for animals are known as non-antibiotic growth promoters or natural growth promoters. In livestock production, they are generally seen as attractive substitutes for antibiotic growth promoters.
Non-antibiotic growth promoters include primarily organic acids, prebiotics, phytogenics, probiotics, synbiotics, tannins, immune stimulants, and feed enzymes; a continuous search for substitutes has produced a wide variety of non-antibiotic growth promoters for pigs, ruminants, poultry, and aquatic species. Acidifiers, like organic acids or their salts, are utilized to avoid microbial deterioration of finished feeds or raw materials, in particular under bad storage conditions (e.g., high mold contamination levels, high humidity level). Probiotics are viable spores or live microorganisms that help to develop efficient gut microflora. Probiotic bacteria counteract harmful microorganisms like E. Colior Salmonella by blocking receptors on the gut wall, development of antimicrobials, or by stimulating immune system. Prebiotics are carbohydrates that are non-digestible by host animal. Where as They are fermented selectively by favorable gut bacteria, and ultimately foster a healthy gut microflora, phytogenic are produced from herbs, spices and aromatic plants display antimicrobial, antiviral, antioxidant or sedative effects. They are known for their appetizing effects as they make feed more palatable and activate endogenous digestive enzymes.
Animal feeds comprise differing amounts of indigestible nutrients and undesirable ingredients such as phytate, protein, or antigenic proteins. Specific feed enzymes such as carbohydrases, proteases, or phytases may be used in feeds to maximize the intake of energy and nutrients or to remove certain undesirable components.
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The growing worldwide demand for meat is a significant factor that will drive the future market of animal growth promoters and performance enhancers. Animal growth promoters make the animal accumulate fat and weight, resulting in more meat production and more costly animal selling.
The increasing incidence of animal epidemics will drive the growth of good quality and rich meat products, thereby boosting the market for growth promoters and performance enhancers.
Moreover, increasing awareness regarding meat health stimulates the need for natural growth promoters to improve healthy animal production.
Strict rules set by the US and European governments on the use of animal growth promoters and performance enhancers are curbing the animal growth promoter and performance enhancers markets.
R & D investments in developing natural growth promoters and performance enhancers will provide massive opportunity to market participants. Safe, innovative, and improved animal growth promoters & performance enhancers further add to the opportunities for the industry participants.
The global animal growth promoters and performance enhancers market has been segmented based on type, animal, and regions.
The regions evaluated for the animal growth promoters and performance enhancers market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia-Pacific region emerged as the largest market for the animal growth promoters and performance enhancers market with a 36.14% share of market revenue in 2020.
Asia-Pacific Animal Growth Promoters and Performance Market Share in 2020- 36.14%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global animal growth promoters and performance enhancers industry.
In August 2018, Archer Daniels Midland acquired Probiotics International Ltd, which is a producer of probiotics for the consumption of human, pet and commercial animals operating under the brand ADM Protexin Limited. Protexin would provide a broad variety of probiotics and nutraceutical items that will in turn enhance the safety of humans and animals consuming animal meat.
In October 2015, Novozymes, a leader in biologic solutions, acquired Pacific Vet Group-USA, Inc. (PVG) to improve and broaden its role in the market for animal growth promoters and performance enhancers. PVG manufactures and designs microbial technologies that enhance and upgrade the gut flora in poultry. It would increase the usage of antibiotics in animal farming.
As per the brainy insights, the size of the animal growth promoters and performance enhancers market was valued at USD 11.08 billion in 2020 and is anticipated to reach USD 21.57 billion by 2028.
Global animal growth promoters and performance enhancers market is growing at a CAGR of 7.74% during the forecast period 2021-2028.
The global animal growth promoters and performance enhancers market has been segmented based on type, animal and regions. The non-antibiotic segment led the animal growth promoters and performance enhancers market.
The Asia-Pacific region emerged as the largest market for the animal growth promoters and performance enhancers market.
The increasing demand for meat worldwide is a major factor which will propel the animal growth promoters and performance enhancers market in the future.
Stringent regulations set by the government may hamper the market growth.
R&D investments to develop natural growth promoters& performance enhancers will provide ample opportunities to the market participants.
Key players are AlltechInc, Cargill Inc, CHR Hansen,Elanco Animal Health Inc, Merck and Co. Inc.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Animal
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rise in the global meat demand
5.2.2. Rise in animal epidemics
5.3. Restrains
5.3.1. Stringent regulatory policies
5.4. Opportunities
5.4.1. R&D investments
6. Global Animal Growth Promoters and Performance Enhancers Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Antibiotic
6.3. Non-Antibiotic
7. Global Animal Growth Promoters and Performance Enhancers Market Analysis and Forecast, By Animal
7.1. Segment Overview
7.2. Poultry
7.3. Porcine
7.4. Livestock
7.5. Aquaculture
7.6. Equine
8. Global Animal Growth Promoters and Performance Enhancers Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Animal Growth Promoters and Performance Enhancers Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Animal Growth Promoters and Performance Enhancers Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Alltech Inc.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Component Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Cargill Inc.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Component Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. CHR Hansen
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Component Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Elanco Animal Health Inc.
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Component Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Merck and Co. Inc.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Component Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Royal DSM N.V.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Component Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Vetoquinol
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Component Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Simfa Labs Pvt. Ltd.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Component Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.8.7. Recent Developments
10.8.8. SWOT Analysis
List of Table
1. Global Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
2. Global Antibiotic, Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
3. Global Non-Antibiotic, Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
4. Global Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
5. Global Poultry Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
6. Global Porcine Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
7. Global Livestock Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
8. Global Aquaculture Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
9. Global Equine Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
10. Global Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)
11. Global Animal Growth Promoters and Performance Enhancers Market, By North America, 2018-2028 (USD Billion)
12. North America Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
13. North America Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
14. U.S. Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
15. U.S. Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
16. Canada Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
17. Canada Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
18. Mexico Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
19. Mexico Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
20. Europe Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
21. Europe Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
22. Germany Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
23. Germany Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
24. France Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
25. France Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
26. U.K. Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
27. U.K. Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
28. Italy Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
29. Italy Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
30. Spain Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
31. Spain Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
32. Asia Pacific Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
33. Asia Pacific Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
34. Japan Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
35. Japan Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
36. China Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
37. China Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
38. India Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
39. India Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
40. South America Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
41. South America Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
42. Brazil Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
43. Brazil Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
44. Middle East and Africa Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
45. Middle East and Africa Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
46. UAE Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
47. UAE Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
48. South Africa Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)
49. South Africa Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)
List of Figures
1. Global Animal Growth Promoters and Performance Enhancers Market Segmentation
2. Animal Growth Promoters and Performance Enhancers Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Animal Growth Promoters and Performance Enhancers Market Attractiveness Analysis By Type
9. Global Animal Growth Promoters and Performance Enhancers Market Attractiveness Analysis By Animal
10. Global Animal Growth Promoters and Performance Enhancers Market Attractiveness Analysis By Region
11. Global Animal Growth Promoters and Performance Enhancers Market: Dynamics
12. Global Animal Growth Promoters and Performance Enhancers Market Share by Type (2021& 2028 )
13. Global Animal Growth Promoters and Performance Enhancers Market Share by Animal (2021& 2028 )
14. Global Animal Growth Promoters and Performance Enhancers Market Share by Regions (2021& 2028 )
15. Global Animal Growth Promoters and Performance Enhancers Market Share by Company (2020)
This study forecasts revenue growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global animal growth promoters and performance enhancers market on the basis of below mentioned segments:
Global Animal Growth Promoters and Performance Enhancers Market by Type:
Global Animal Growth Promoters and Performance Enhancers Market by Animal:
Global Animal Growth Promoters and Performance Enhancers Market by Region:
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