USD 13.23 billion
Animal Growth Promoters And Performance Enhancers Market Size, Share, Growth Analysis, By Animal Type(Poultry, Swine, Ruminant, Aquaculture), By Product(Hormonal Growth Promoters, Antibiotic Growth Promoters, Feed Enzyme Growth Promoters, Organic Acid Growth Promoters), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2258 |
Region:
Global |
Published Date: July, 2036
Pages:
211
|Tables:
66
|Figures:
75
Animal Growth Promoters And Performance Enhancers Market Insights
Animal Growth Promoters And Performance Enhancers Market size was valued at USD 13.23 billion in 2019 and is poised to grow from USD 13.99 billion in 2023 to USD 17.79 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
Animal growth is aided by a variety of medications and substances, such as performance boosters and growth promoters. Animals are able to digest food more efficiently and grow more quickly thanks to these enhancers, which also increase output. The animal growth promoters and performance enhancers market is growing primarily as a result of expanding demand for meat and other animal products, increasing need for naturally produced growth promoters on a global scale, and rising animal diseases and climate change. However, the market for animal growth promoters and performance enhancers is anticipated to see certain growth restraints during the forecast period due to antibiotic bans in some countries and rigorous laws limiting the use of antibiotics and hormones for animal growth promotion.
US Animal Growth Promoters And Performance Enhancers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Poultry
Fastest Growth
Poultry
Growth Rate
5.7% CAGR
Global Animal Growth Promoters and Performance Enhancers Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)
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Animal Growth Promoters And Performance Enhancers Market Segmental Analysis
The Global Animal Growth Promoters and Performance Enhancers Market is segmented based on animal type, product type, distribution channel, and region. Based on animal type, the Animal Growth Promoters and Performance Enhancers Market is segmented into poultry, swine, ruminant, aquaculture, and others. Based on Product, the animal growth promoters and performance enhancers market is segmented into hormonal growth promoters, antibiotic growth promoters, feed enzyme growth promoters, organic acid growth promoters. Based on the region Animal Growth Promoters and Performance Enhancers Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Animal Growth Promoters and Performance Enhancers Market Analysis by Animal
Based on animal type, the animal growth promoters and performance enhancers market is segmented into poultry, swine, ruminant, aquaculture, and others. The market for animal growth promoters and performance boosters was dominated by the poultry industry. This segment's significant market share can be ascribed to factors such as rising innovative diet trends, rising demand for chicken meat and eggs, and rising antibiotic phase-outs that have led to the development of substitutes.
As meat is a high source of protein and is widely available at low prices, there is a major increase in livestock output as a result. This is what is driving the market for animal feed additives. According to the FAO, the world's consumption of animal proteins would rise by 14% by 2030, primarily as a result of rising incomes and population growth. More poultry is now included in the meat diet. This reflects the lower price of chicken compared to other meats in developing countries with lower income levels, while it demonstrates an increasing preference for white meats in high-income countries due to their ease of preparation and perception as healthier food options. 41% of global protein production is projected to be renewable by 2030.
Global Animal Growth Promoters and Performance Enhancers by Animal Type, 2021 (%)
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Animal Growth Promoters And Performance Enhancers Market Regional Insights
By region, Asia Pacific held the biggest market share for animal growth promoters and performance boosters throughout the forecast period. In 2021, the Asia Pacific region held the highest market share, followed by North America. The Asia Pacific region has a large share, which can be attributed to its robust animal products industry, large population, which increases domestic meat demand, relatively lax regulatory environment, and government initiatives to support animal producers.
Asia Pacific held the most significant regional market share for animal growth boosters and performance enhancers due to its dramatic rise in meat consumption. The region's market expansion is anticipated to be fueled by rising disposable income levels and rapid population growth in nations like China, Indonesia, Malaysia, Thailand, Vietnam, and India. Similar factors are expected to cause Brazil, Argentina, Australia, Russia, and a few African nations to see rapid growth. However, it is anticipated that over the next six years the expansion of the regional industry will be hampered by strict regulations regarding the use of animal growth boosters and performance enhancers in Europe and North America.
Global Animal Growth Promoters and Performance Enhancers Market By Geography, 2021 - 2028
- Largest
- Fastest
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Animal Growth Promoters And Performance Enhancers Market Dynamics
Animal Growth Promoters and Performance Enhancers Market Driver
- Some of the beneficial approaches are being implemented to reduce the frequency of infections in farm animals in order to reduce the overuse of antibiotics. The popularity of organic dairy farms is rising in nations including the UK, Norway, and Sweden. To make sure that animals are independent of their moms nutritionally, immunologically, and psychologically, good weaning procedures are also being developed.
- Other factors influencing the adoption of good husbandry methods in the animal farming business is the rise in demand for organic products. The US food industry's fastest-growing segment is organic food, and sales of this type of food are increasing by double digits every year, according to the Organic Trade Association. In a similar vein, demand for organic goods is rising in European nations. Factors such as numerous food scandals and increased interest in health, environmental issues, and animal welfare have led to an increase in the demand for organic food.
Animal Growth Promoters and Performance Enhancers Market Restraint
- Growing threat of disease transmission to and from agricultural animals. The International Livestock Research Institute (ILRI) estimates that 13 zoonoses result in 2.2 million annual fatalities and 2.4 billion cases of human sickness. Infections brought on by eating undercooked meat are rather prevalent, affecting between 10% and 20% of UK citizens. The WHO estimates that each year, zoonoses cause millions of animal fatalities and approximately one billion instances of disease worldwide. Globally, zoonotic illnesses account for about 60% of new infectious diseases. In the past three decades, more than 30 novel human infections have been discovered, 75% of which have animal origins. Over 350,000 human cases of foodborne zoonotic diseases are also reported each year in the European Union, according to the European Food Safety Authority.
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Animal Growth Promoters And Performance Enhancers Market Competitive Landscape
The animal growth promoters and performance enhancers market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key animal growth promoters and performance enhancers market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Animal Growth Promoters and Performance Enhancers Market Top Players' Company Profiles
- Cargill, Inc.
- Zoetis Inc.
- Royal DSM N.V.
- Elanco Animal Health
- Alltech Corporation
- Archer Daniels Midland Company
- Boehringer Ingelheim Animal Health GmbH
- Evonik Industries AG
- Kemin Industries, Inc.
- Phibro Animal Health Corporation
- Novozymes A/S
- BASF SE
- Chr. Hansen Holding A/S
- DuPont de Nemours, Inc.
- Danisco A/S
- Biomin Holding GmbH
- Nutreco N.V.
- Lallemand Animal Nutrition
- Adisseo France SAS
- Biovet JSC
Animal Growth Promoters and Performance Enhancers Market Recent Developments
- In October 2021, Cargill Inc. launched Nutrena Naturewise that helps the birds thrive, keep eggs strong and keep coops fresh.
- In April 2021, Kemin Industries, Inc. (US) launched Paradigmox Green, an antioxidant solution for the organic livestock production industry in the EMENA (Europe, Middle East, and North Africa) region.
- In February 2021, Kemin Industries, Inc. (US) launched KemTRACE Chromium-OR – an organic-compliant chromium propionate feed ingredient for use in swine, cattle, broiler, and horse diets.
Animal Growth Promoters And Performance Enhancers Key Market Trends
- Growing concerns about animal epidemics and increased knowledge of animal health are said to have a favorable effect on the global market. Over the next six years, it is projected that strict rules, such as those restricting the use of antibiotics as growth promoters, would present difficulties for a few regional markets. Consumer ignorance of animal growth promoters and performance boosters could hinder industry expansion. The animal growth promoters and performance enhancers market participants are assured of a wealth of prospects by R&D investments in the development of natural growth promoters and performance enhancers. Animal growth promoters and performance enhancers that are new, secure, and better expand the prospects available to industry participants. In developing regions like Asia Pacific, where legislation and guidelines governing animal growth promoters & growth enhancers are more lenient, there should be plenty of room for market expansion.
Animal Growth Promoters And Performance Enhancers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, based on animal type, the poultry segment market is projected to hold the most substantial share in the market. Based on product, the hormonal growth promoter segment is projected to hold the most substantial share in the market. Whereas, based on the region, the Asia-Pacific region is projected to hold the most substantial share in the animal growth promoters and performance enhancers market.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 13.23 billion |
| Market size value in 2031 | USD 17.79 billion |
| Growth Rate | 5.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Animal Growth Promoters And Performance Enhancers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Animal Growth Promoters And Performance Enhancers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Animal Growth Promoters And Performance Enhancers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal Growth Promoters And Performance Enhancers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Growth Promoters And Performance Enhancers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Growth Promoters And Performance Enhancers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Animal Growth Promoters And Performance Enhancers Market Report Snapshots
- Animal Growth Promoters And Performance Enhancers Companies
- Animal Growth Promoters And Performance Enhancers Market Size
- Animal Growth Promoters And Performance Enhancers Market Analysis
- Animal Growth Promoters And Performance Enhancers Geographic Analysis
- Animal Growth Promoters And Performance Enhancers Market News
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