Animal Growth Promoters Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMAG3209 | Last Updated On: Jul 22 2021 | No. of Pages: 180 | Available Formats

> Global Animal Growth Promoters Market Expected to reach a high CAGR of 6.2% By 2028: DataM Intelligence

Global Animal Growth Promoters Market is segmented By Type (Probiotics and Prebiotics, Phytogenics, Others), By Animal Type (Ruminant, Poultry, Swine, Others), By Region (North America, Europe, South America, Asia Pacific, The Middle East, And Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028.

 

Market Overview

The Global Animal Growth Promoters Market is expected to grow at a CAGR of  6.2% during the forecasting period (2021-2028).

Animal growth promoters are growth supplements administered to animals so that the animals grow rapidly and have increased weight. They are also used to increase the productivity of animals; for instance, to increase the production of milk in ruminants. Animal growth promoters are chemicals that help animals in growing faster by digesting their food more effectively, getting maximum benefit out of it and allowing the animals to develop into strong and healthy adults. These chemicals also protect the animal from various types of microbial diseases.The increasing meat consumption all over the world and increasing disposable income are the major factors driving the growth of animal growth promoters & performance enhancers.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The surging demand for meat and related animal products is one of the key factor augmenting the market growth. Also, upsurge in the food derived from animal sources further bolsters the product demand. Lack of knowledge among consumers pertaining to animal growth promoters is likely to challenge the market growth. R&D investments to innovate natural growth promoters promises lucrative opportunities to the market players. Safe, innovative, and improved animal growth promoters & performance enhancers further add to the opportunities for the industry players. Poor regulations and guidelines governing animal growth promoters in the developing regions such as Asia Pacific are expected to offer ample opportunities for market growth.

Increasing demand for food from animal source

Rapid increase in population across the world has led to an increase in the demand for food from animal source, which is expected to fuel the growth of animal growth promoters market. Furthermore, these growth promoters help farmers to increase their income from their livestock, which is expected to support the growth of animal growth market.

Rise in demand for meat in the market

On account of improved income levels, there is a growing concern for quality and environmental impact of meat in the developing countries, thus, augmenting the the animal growth promoters’ market expansion. The Asia Pacific animal growth promoters market is further driven by the rapid growth of intensive livestock productions due to the shortage of land and an abundance of labor. The US, Brazil, China, and the European Commission have already banned the use of antibiotics. However, its continued use in India has resulted in increased antimicrobial resistance due to the presence of "superbugs". The potential ban of the antibiotic colistin, for livestock fat enhancement, is also set to drive the probiotics market in India. 

COVID-19 Impact Analysis

Rising apprehensions regarding animal epidemics and awareness concerning animal health are expected to positively influence the global market. Strict regulations, such as those governing antibiotics usage as growth promoters are anticipated to challenge a few regional markets over the near future.COVID-19 pandemic affected the global economy in various aspects, such as directly affecting production and demand, supply chain disruption, and financial stability. COVID-19 has directly impacted the manufacturers' supply chain across the globe and has shut down the production facilities to curb the spread of virus.  The stringent lockdown and curfew measures, stay-at-home, work from home, and social distancing orders meant that food service of meat and related animal products demand decreased significantly, with restaurants and schools closing and recreation cancelled. Furthermore, demand in the retail market skyrocketed due to panic buying and hoarding of meat products thus created a supply-demand gap as well led to price increase.

Segment Analysis

Based on the type, the animal growth promoters market has been classified into probiotics and prebiotics, and phytogenics, and others.

The prebiotics & probiotics segment accounted for the highest market share

The type segment is further sub-segmented into prebiotics and probiotics, phytogenics, and others. The highest share of the prebiotics and probiotics segment can be attributed to safe & natural performance-enhancing properties, high nutritional value, and regulatory restrictions on antibiotic and hormonal growth promoters.

Based on the animal type, the animal growth promoters market has been classified into ruminant, poultry, and swine.

The poultry segment accounted for the largest share of the market in 2019

In 2019, the poultry segment accounted the highest share. The significant share of this segment can be ascribed due to the increase in global poultry meat and egg demand, modern diet designing strategies practiced in poultry, and antibiotic phase-outs resulting in the development of alternative strategies for growth promotion.

 

 

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

Based on geography, the study analyzes the animal growth promoters market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

The Asia Pacific accounted for the highest share of the market in 2019

The Asia Pacific dominated the market in 2019. The considerable share of this market can be attributed to high population generating substantial domestic meat demand, poor regulation scenario, favorrable government efforts to encourage animal producers, and the presence of several prominent meat-consuming nations. Also, growing meat consumption in China, India, Indonesia,  Malaysia, and Australia, is boosting the size of the animal growth promoters market to considerable heights.

The European regional market, on the other hand, is projected to register the highest growth during the forecast period.  Factors such as rising domestic livestock, poultry, and pork production decreasing meat imports owing to the ban of certain growth promoters in Europe, and the non-compliance of import countries to these regulations, along with technological advancements in animal growth production are major drivers attributing to the growth of this region.

Competitive Landscape

The animal growth promoters market is highly competitive, owing to the presence of big brands. The key animal growth promoters’ players which are contributing to the growth of the global market include Merck and co., Cargill Inc., Royal DSM N.V., Veto quinol, Bupo Animal Health, Elanco Animal Health Inc., CHR Hansen, Novus International Inc., Associated British Foods (ABF) plc, and Alltech Inc. (US).

Merck and Co.

Overview:

Merck & Co. is an America based multinational pharmaceutical company and is one of the largest pharmaceutical companies in the world. Merck is incorporated in New Jersey. It is headquarterd in located in Kenilworth, New Jersey. The Merck Index, a compendium of chemical compounds, was formerly published by Merck & Co. before being acquired by the Royal Society of Chemistry in 2012. The company’s new London Discovery Research Center site is worth $1.32 billion, 220,000-square-foot research facility which will be located in London’s “Knowledge Quarter”

Product Portfolio: The company's portfolio comprises of vaccines, antibacterial medicines, and related pharmaceutical products.

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Table of Contents

  1. Global Animal Growth Promoters Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Animal Growth Promoters Market – Market Definition and Overview

  3. Global Animal Growth Promoters Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Animal type
    3. Market Snippet by Region
  4. Global Animal Growth Promoters Market-Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rise in Demand for Meat in The Market
        2. Increasing Demand for Food from Animal Source
      2. Restraints:
      3. Opportunity
      4. Impact Analysis
  5. Global Animal Growth Promoters Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Value Chain Analysis
    4. PEST Analysis
    5. Pricing Analysis
    6. Regulatory Analysis
    7. Reimbursement Analysis
    8. Unmet Needs
    9. Patent Trends
  6. Global Animal Growth Promoters Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Animal Growth Promoters Market – By Type

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    3. Market Attractiveness Index, By Type Segment
      1. Probiotics and Prebiotics *
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Phytogenics
      3. Others
  8. Global Animal Growth Promoters Market – By Animal Type

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal type Segment
    3. Market Attractiveness Index, By Animal Type Segment
      1. Ruminant*
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Poultry
      3. Swine
      4. Others
  9. Global Animal Growth Promoters Market – By Region

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    3. Market Attractiveness Index, By Region
    4. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    8. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Animal Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
  10. Global Animal Growth Promoters Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Global Animal Growth Promoters Market- Company Profiles

    1. Merck and co.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Cargill Inc
    3. Royal DSM N.V
    4. Veto quinol
    5. Bupo Animal Health
    6. Elanco Animal Health Inc.
    7. CHR Hansen
    8. Novus International Inc.
    9. Associated BrItish Foods
    10. Alltech Inc. (LIST NOT EXHAUSTIVE)
  12. Global Animal Growth Promoters Market – Premium Insights

  13. Global Animal Growth Promoters Market – DataM Intelligence

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

1 Global Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million)             

2 Global Animal Growth Promoters Market Value, By Animal Type, 2019, 2023 & 2027 (US$ Million)              

3 Global Animal Growth Promoters Market Value, By Region, 2019, 2023 & 2027 (US$ Million)         

4 North America Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million)             

5 North America Animal Growth Promoters Market Value, By Animal Type, 2019, 2023 & 2027 (US$ Million)               

6 North America Animal Growth Promoters Market Value, By Country, 2018-2027 (US$ Million)       

7 South America Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million)             

8 South America Animal Growth Promoters Market Value, By Animal Type, 2019, 2023 & 2027 (US$ Million)               

9 South America Animal Growth Promoters Market Value, By Country, 2018-2027 (US$ Million)       

10 Europe Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million)         

11 Europe Animal Growth Promoters Market Value, By Animal Type, 2019, 2023 & 2027 (US$ Million)          

12 Europe Animal Growth Promoters Market Value, By Country, 2018-2027 (US$ Million)   

13 Asia Pacific Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million) 

14 Asia Pacific Animal Growth Promoters Market Value, By Animal Type, 2019, 2023 & 2027 (US$ Million)  

15 Asia Pacific Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million) 

16 Asia Pacific Animal Growth Promoters Market Value, By Country, 2019, 2023 & 2027 (US$ Million)

17 The Middle East & Africa Animal Growth Promoters Market Value, By Type, 2019, 2023 & 2027 (US$ Million)               

18 The Middle East & Africa Animal Growth Promoters Market Value, By Animal Type, 2019, 2023 & 2027 (US$ Million)

19 The Middle East & Africa Animal Growth Promoters Market Value, By Country, 2019, 2023 & 2027 (US$ Million)

20 Merck and co.: Overview           

21 Merck and co.: Product Portfolio            

22 Merck and co.: Key Developments         

23 Cargill Inc: Overview    

24 Cargill Inc: Product Portfolio    

25 Cargill Inc: Key Developments  

26 Royal DSM N.V: Overview         

27 Royal DSM N.V: Product Portfolio          

28 Royal DSM N.V: Key Developments       

29 Veto quinol Overview  

30 Veto quinol: Product Portfolio 

31 Veto quinol: Key Developments

32 Bupo Animal Health: Overview

33 Bupo Animal Health: Product Portfolio

34 Bupo Animal Health: Key Developments              

35 Elanco Animal Health Inc.: Overview     

36 Elanco Animal Health Inc.: Product Portfolio     

37 Elanco Animal Health Inc.: Key Developments  

38 CHR Hansen: Overview

39 CHR Hansen: Product Portfolio

40 CHR Hansen: Key Developments             

41 Novus International Inc.: Overview        

42 Novus International Inc.: Product Portfolio        

43 Novus International Inc.: Key Developments      

44 Associated BrItish Foods: Overview       

45 Associated BrItish Foods: Product Portfolio        

46 Associated BrItish Foods: Key Developments     

47 Alltech Inc.: Overview 

48 Alltech Inc.: Product Portfolio

49 Alltech Inc.: Key Developments

 

 

List of Figures

1 Global Animal Growth Promoters Market Share, By Type, 2019 & 2027 (%)

2 Global Animal Growth Promoters Market Share, By Animal Type, 2019 & 2027 (%)

3 Global Animal Growth Promoters Market Share, By Region, 2019 & 2027 (%)

4 Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

5 Global Animal Growth Promoters Market Y-o-Y Growth, By Type, 2019-2027 (%)

6 Prebiotics: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

7 Probiotics: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

8 Phytogenics: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

9 Global Animal Growth Promoters Market Y-o-Y Growth, By Animal Type, 2019-2027 (%)

10 Ruminant: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

11 Poultry: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

12 Swine: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

13 Others: Global Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

14 Global Animal Growth Promoters Market Y-o-Y Growth, By Region, 2019-2027 (%)

15 North America Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

16 North America Animal Growth Promoters Market Share, By Type, 2019 & 2027 (%)

17 North America Animal Growth Promoters Market Share, By Animal Type, 2019 & 2027 (%)

18 North America Animal Growth Promoters Market Share, By Country, 2019 & 2027 (%)

19 South America Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

20 South America Animal Growth Promoters Market Share, By Type, 2019 & 2027 (%)

21 South America Animal Growth Promoters Market Share, By Animal Type, 2019 & 2027 (%)

22 South America Animal Growth Promoters Market Share, By Country, 2019 & 2027 (%)

23 Europe Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

24 Europe Animal Growth Promoters Market Share, By Type, 2019 & 2027 (%)

25 Europe Animal Growth Promoters Market Share, By Animal Type, 2019 & 2027 (%)

26 Europe Animal Growth Promoters Market Share, By Country, 2019 & 2027 (%)

27 Asia-Pacific Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

28 Asia-Pacific Animal Growth Promoters Market Share, By Type, 2019 & 2027 (%)

29 Asia-Pacific Animal Growth Promoters Market Share, By Animal Type, 2019 & 2027 (%)

30 Asia-Pacific Animal Growth Promoters Market Share, By Country, 2019 & 2027 (%)

31 The Middle East & Africa Animal Growth Promoters Market Value, 2018-2027 (US$ Million)

32 The Middle East & Africa Animal Growth Promoters Market Share, By Type, 2019 & 2027 (%)

33 The Middle East & Africa Animal Growth Promoters Market Share, By Animal Type, 2019 & 2027 (%)

34 The Middle East & Africa Animal Growth Promoters Market Share, By Country, 2019 & 2027 (%)

35 Merck and co.: Financials

36 Cargill Inc: Financials

37 Royal DSM N.V: Financials

38 Veto quinol: Financials

39 Bupo Animal Health: Financials

40 Elanco Animal Health Inc.: Financials

41 CHR Hansen: Financials

42 Novus International Inc.: Financials

43 Associated BrItish Foods: Financials

44 Alltech Inc.: Financials

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