Animal Growth Promoters Market by Products and Animal Industry 2018
The “Animal Performance Enhancers and Growth Promoters Market by Segment
(Antibiotics, Growth Hormones, Feed Enzymes, Organic Acids, Probiotics and
Prebiotics, âAgonists, Phytogenics), by Animals (Porcine, Poultry, Aquaculture)
Global Forecasts to 2018” analyzes and studies the major market drivers and
restraints in North America, Europe, Asia, and the Rest of the World.
Browse 106 market data tables, 21 figures spread through 234 pages and in
depth TOC on “Animal Performance Enhancers Market”
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The global animal growth promoters market was valued at $6,871.6 million in 2013
and is expected to reach $8,787 million by 2018, growing at a CAGR of 5% from
2013 to 2018.
The global animal growth promoters market is categorized into eight broad
segments, namely, antibiotics, probiotics and prebiotics, organic acids,
phytogenics, âagonists, hormonal growth promoters, feed enzymes, and others.
Based on the animals, the animal growth promoters market comprises of porcine,
poultry, livestock equine, aquaculture and others.
Over the years, the global demand for animal meat is increasing. The rise in
demand of meat is likely to propel the meat producers to increase the meat
production by the use of growth promoters in animals to increase the weight of the
animals and to promote faster growth.
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The antibiotic growth promoters commanded the largest share of the global animal
growth promoters market in 2013. However, the feed enzymes market is likely to
grow at a highest CAGR in the forecast period (20132018).
Asia is expected to grow at the highest CAGR of 5.7% from 2013 to 2018. The high
growth in the Asian region can be attributed to factors such as the increase in the
expenditure capacity of the middle class and the rising meat demand due to the
Furthermore, lack of stringent regulations in the Asian countries such as China,
India, and Japan is likely to lead to the continuous usage of antibiotics as growth
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North America follows Asia in the use of growth promoters owing to the 2012
drought effects and the FDA support in the use of antibiotic, hormonal and â
agonists growth promoters.
The RoW region includes Latin America, Africa, Middle East, and the Pacific
countries. These markets are estimated to grow at a steady pace with the rise in
demand for cheap meat and lack of regulations regarding the use of growth
promoters in the animal feed.
The key players in the global animal growth promoters market are Bayer Animal
Health (Germany), Biomin (Austria), Bioniche Animal Health (Canada), Boehringer
Ingelheim (Germany), Cargill Animal Health (U.S.), Merck Animal Health (U.S.),
Royal DSM N.V. (Netherlands), Elanco Animal Health (U.S.), Bupo Animal Health
(South Africa), and Zoetis, Inc. (U.S.)
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