In a recent published report, Kenneth Research has updated the market report for Animal Growth Promoters and Performance Enhancers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Animal Growth Promoters and Performance Enhancers Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
Analysis and Industry Forecast up to 2026
The animal growth promoters and performance enhancers are type of chemicals and drugs
which enhance the growth of animals. Majorly these enhancers help to digest food more
effectively and enable animals to grow faster which improves the productivity of the animals. In
addition to this these chemicals and drugs provide protection against various type of microbial
diseases among animals.
Research Methodology:
The animal growth promoters and performance enhancers market has been analyzed by
utilizing the optimum combination of secondary sources and in-house methodology, along with
an irreplaceable blend of primary insights. The real-time assessment of the market is an integral
part of our market sizing and forecasting methodology. Our industry experts and panel of
primary participants have helped in compiling relevant aspects with realistic parametric
estimations for a comprehensive study. The participation share of different categories of
primary participants is given below:
Primary Participant Share34%31%19%16%GEOGRAPHYNorth AmericaEuropeAsia PacificRest of World24%25%51%COMPANYTier 1Teir 2Teir 3
Animal growth promoters and performance enhancers market is growing rapidly due to
increasing focus on poultry, livestock and agriculture sector across the world. Globally these
drugs are used as growth supplements for the animals’ weight increase. These supplements also
increase the productivity of the animals by increasing the production of milk ruminants. The
global animal growth promoters and performance enhancers market is driven by growing
consumption of meat across the world and increasing disposable income of the people. In
addition to this the growing population across the world also fuel the demand for food from
animal sources.
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The animal growth promoters and performance enhancers market report include various
segments including
ï‚· Animal Type
o Poultry
o Swine,
o Livestock
o Aquatic animals
o Other animals
ï‚· Type of Drug/Chemicals
o Antibiotics
o Non-Antibiotics
 Prebiotics & Probiotics
 Phytogenics
 Feed Enzymes
 Hormones
ï‚· Region
o North America
o Europe
o Asia Pacific
o Rest of World
In the animal type segment, the poultry segment accounted largest market share in animal
growth promoters and performance enhancers market due to increasing demand for meat and
egg, and advanced diet plans in poultry farming.
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Further, based on the type of chemical/drug segment the non-antibiotic segment accounted
largest share in the animal growth promoters and performance enhancers market due to its
economic benefits, wide range of substances, environmental sustainability and increasing
regulations on antibiotics and hormones.
Moreover, animal growth promoters and performance enhancers market segmented by four
regions including North America, Europe, APAC, and RoW. Further the regional analysis
includes country level analysis for animal growth promoters and performance enhancers. Asia
Pacific is one of the major contributors in the market due to high population as well as large
number of animal product companies in this region. North America is accounted second largest
share in the market due to increasing awareness about animal growth and performance
enhancers and increase in livestock population.
Animal Growth Promoters and Performance Enhancers Market: Geographic Distribution (2020)North AmericaXX.X%Asia PacificXX.X%EuropeXX.X%RoWXX.X%Stringent guideline on usage in North America is predicted to restrain the market growth.Asia Pacific is expected to dominate the market with high cattle breeding for its byproduct, and presence of several animal producing countries with favorable government regulationsEurope is projected to register highest growth during the forecasting period with increasing meat production in the European countries.
Globally the animal growth promoters and performance enhancers market are growing at CAGR
of ~6.2% during the forecast period of 2020-2026. There are two major factors are driving the
market such as increasing research and development practices to develop antibiotics &
hormones and non-antibiotic growth enhancers, and rise in climate change and animal
epidemics.
Globally these animal growth promoters and performance enhancers plays an important role in
agricultural sector due increasing income from the livestock and poultry farming. Which
increase the demand for animal growth promoters and performance enhancers. However, the
stringent government rules and regulations in some regions for animal growth promoters and
performance enhancers hinders the demand for animal growth promoters and performance
enhancers.
The report also includes the analysis of major players in the animal growth promoters and
performance enhancers market. Some of the major players consists of:
ï‚· Elanco Animal Health Inc
ï‚· Royal DSM N.V
ï‚· Cargill, Inc
ï‚· Merck & Co., Inc
ï‚· Alltech, Inc
ï‚· Vetoquinol
ï‚· Bupo Animal Health
ï‚· Archer-Daniels-Midland Company
ï‚· Chr. Hansen
ï‚· Novus International, Inc
ï‚· Erber AG
ï‚· Kemin Industries
ï‚· Associated British Foods PLC
ï‚· Nutreco, Erber AG
ï‚· BASF SE
ï‚· Phibro Animal Health Corporation
ï‚· Evonik Industries AG
ï‚· Bluestar Adisseo Company
ï‚· Land O’lakes, Inc
ï‚· Lallemand Inc.
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Lack of awareness among end-users about animal growth promoters & performance enhancers
is the major challenges for the market. However, the increasing investment in research and
development activities for the development of natural growth promoters & performance
enhancers give new opportunities for the market players in the animal growth promoters and
performance enhancers market to solidify their presence. This report will help the market
players to understand the key market trends, market dynamics, and dynamic need of the end-
users. The qualitative and quantitative analysis enhances the user experience of the report.
â— The competitive analysis of the major players enables users to understand the dynamic
strategies such as product innovation, partnerships, merger & acquisitions and joint
ventures of the key players
â— This report also provides the SWOT analysis, portfolio analysis, capability analysis of the
leading players
â— The report will also help the research organization of Animal Growth Promoters and
Performance Enhancers to support their drug discovery and development activities
â— Quantitative analysis of the market enables users to understand the actual facts of the
market across four major regions
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