Global Animal Growth Promoters and Performance Enhancers Market Size, Share, Forecast Report, 2020-2027

The global animal growth promoters market is projected to reach USD 18.5 billion by 2024 from an estimated USD 13.9 billion in 2019 at a CAGR of 5.9% during the forecast period. The growth of this market is primarily driven by the increasing global meat demand, research into alternatives to antibiotics, and the need to deal with epidemics and environmental factors. However, various countries have stringent regulations in place against antibiotics and particular growth promoters, which has affected their adoption.
Based on type, the animal growth promoters market is segmented into antibiotic and non-antibiotic growth promoters. The non-antibiotic growth promoters segment accounted for the largest share of the animal performance enhancers market in 2018. The large share of this segment can be attributed to their economic benefits, the wide range of substances with applications in different production animals, environmental sustainability, and the increasing number of regulations on antibiotics and hormones.

The prebiotics and probiotics segment to account for the largest share of the animal growth promoters market in 2018
The non-antibiotic animal growth promoters market is further segmented into acidifiers, prebiotics and probiotics, feed enzymes, phytogenics, hormones, and others (vitamins, amino acids, and minerals). The largest share of the prebiotics and probiotics segment can be attributed to safe and natural performance-enhancing properties, high nutritional value, and regulatory restrictions on antibiotic and hormonal growth promoters.

The poultry segment accounted for the largest share of the market in 2019
Based on animal type, the market is segmented into poultry, porcine, livestock, aquaculture, and other animals (equine, rabbit, camel, deer, yak, and geese). Poultry commanded the largest share of the market in 2019. The large share of this segment can be attributed to the increase in global poultry meat and egg demands, modern diet designing strategies practiced in poultry, and antibiotic phase-outs resulting in the development of alternative strategies for growth promotion.
The Asia Pacific dominated the market in 2018. The large share of this market can be attributed to high populations generating greater domestic meat demand, indistinct regulation scenario, government efforts to encourage animal producers, and the presence of several prominent animal producer nations.

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.

The major players in the global animal growth promoters market are Merck and Co. Inc. (US), Cargill Inc. (US), Royal DSM N.V. (Germany), Vetoquinol (France), Bupo Animal Health (SA), Elanco Animal Health Inc. (US), CHR Hansen (UK), Novus International Inc. (US), Associated British Foods (ABF) plc (UK), and Alltech Inc. (US).

Market, by Type

• Antibiotic Growth Promoters
• Non-antibiotic Growth Promoters
  • Acidifiers
  • Prebiotics and Probiotics
  • Feed Enzymes
  • Phytogenics
  • Hormones
  • Other (amino acids and minerals)

Market, by Animal Type

• Poultry
• Swine
• Livestock
• Aquaculture
• Other Animals (Equine, Rabbit, Camel, Deer, Yak, and Geese).

Market, by Region

• North America
• Europe
• Asia Pacific
• Rest of the World