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Animal Growth Promoter Market Share & Growth | Forecast 2031
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Animal Growth Promoter Market Share & Growth | Forecast 2031

Segments - Animal Growth Promoter Market by Types (Phytogenic, Probiotics, Acidifiers, Prebiotics, and Others), Animal Types (Aquaculture, Poultry, Swine, Ruminant, and Others), End-users (Livestock, Integrators, Farmers, Aquaculture Industry, Home-mixers, and Compound Feed Manufacturers), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East and Africa)–Global Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Vishal Golekar

Upcoming | Report ID :HC-1444 | 4.2 Rating | 81 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


Animal Growth Promoter Market Outlook 2031

The Animal Growth Promoter Market was USD 7.27 Billion in 2022 and is likely to reach USD 9.82 Billion by 2031, expanding at a CAGR of 3.4% during 2023 – 2031. Growth of the market is attributed to growing awareness about animal health and changing food habits.

The animal growth promoter is an equivalent combination of one and more micro-elements such as minerals, amino acids, and vitamins. Promoters are used to assist uniform distribution of micro-elements in a major mix. The developers provide promoters to ensure a regular equivalent supply of nutrients to the animals to increase the productivity of the animals and enhance the quality of feeds.
 

Animal Growth Promoter Market Key Takeaways


The COVID-19 pandemic affected the demand and supply of the animal growth promoter market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

  • Increase in consumption of meat is projected to boost the market.
  • Increasing demand for chemical residues free products is the major factor fueling the market.
  • High cost of growth promoter products is projected to restrict the market expansion during the forecast period.
  • Government put ban on use of certain antibiotics is anticipated to hamper the market growth in the coming years.
  • R&D investment and technological advancement in animal growth promoter market is projected to offer lucrative opportunities for the market players.

Scope of Animal Growth Promoter Report

The report on the animal growth promoter market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Animal Growth Promoter Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023-2031

Segmentation

Types (Phytogenic, Probiotics, Acidifiers, Prebiotics, and Others), Animal Types (Aquaculture, Poultry, Swine, Ruminant, and Others), End-users (Livestock, Integrators, Farmers, Aquaculture Industry, Home-mixers, and Compound Feed Manufacturers)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East and Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players covered in the Report

Chr. Hansen A/S; Novus International, Inc.; BASF SE; Merck Animal Health; DuPont (Danisco); Kemin Industries; Alltech; Elanco Animal Health Inc.; Zoetis Inc.; Cargill Animal Health; Bayer Animal Health; Yiduoli; Novozymes A/S; Biomin; and Royal DSM N.V.

Animal Growth Promoter Market Segment Insights

The probiotics segment is expected to grow at a rapid pace

Based on types, the animal growth promoter market is fragmented into phytogenic, probiotics, acidifiers, prebiotics, and others. The probiotics segment accounts for a key share of the market. Growth of the market is attributed to rising awareness about side effect of feed additives on animal health and increasing income level of customers. However, the acidifiers segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives and compound feed sector and rise in consumption of meat.

Animal Growth Promoter Market Types

The poultry feed segment accounts for a key share of the market

On the basis of animal types, the market is segmented into aquaculture, poultry, swine, ruminant, and others. The poultry feed segment accounts for a key share of the market. Growth of the market is attributed to increasing supply of quality products and increased demand for high-value animal protein. The ruminant feed segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increased industrial livestock production and rising demand for probiotics.

The compound feed manufacturers segment accounts for a significant share of the market

Based on end-users, the animal growth promoter market is divided into livestock, integrators, farmers, aquaculture industry, home-mixers, and compound feed manufacturers. The compound feed manufactures segment accounts for a key share of the market. Growth of the market is attributed to rising government initiatives in production of domestic meat and increasing number of aquatic and poultry farms. However, the livestock segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid development in feed additives & compound feed sector and increasing number of organizations in animal feed industry.

Animal Growth Promoter Market End-Users

The market in Saudi Arabia is anticipated to hold key market share

On the basis of region, the animal growth promoter market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of Oman is estimated to expand at a high CAGR during the forecast period due to rapid economic growth in region and rising awareness about the quality of meat consumed. The market of Saudi Arabia is estimated to hold key market share due to increasing population, technological advancement in feed practices, and growing awareness about animal health.

Animal Growth Promoter Market Regions

Segments

The animal growth promoter market has been segmented on the basis of

Types

  • Phytogenic
  • Probiotics
  • Acidifiers
  • Prebiotics
  • Others

Animal Types

  • Aquaculture
  • Poultry
  • Swine
  • Ruminant
  • Others

End-users

  • Livestock
  • Integrators
  • Farmers
  • Aquaculture Industry
  • Home-mixers
  • Compound Feed Manufacturers

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East and Africa

Key Players

  • Chr. Hansen A/S; Novus International, Inc.
  • BASF SE
  • Merck Animal Health
  • DuPont (Danisco)
  • Kemin Industries
  • Alltech
  • Elanco Animal Health Inc.
  • Zoetis Inc.
  • Cargill Animal Health
  • Bayer Animal Health
  • Yiduoli
  • Novozymes A/S
  • Biomin
  • Royal DSM N.V.

Competitive Landscape

Key players competing in the animal growth promoter market include Chr. Hansen A/S; Novus International, Inc.; BASF SE; Merck Animal Health; DuPont (Danisco); Kemin Industries; Alltech; Elanco Animal Health Inc.; Zoetis Inc.; Cargill Animal Health; Bayer Animal Health; Yiduoli; Novozymes A/S; Biomin; and Royal DSM N.V.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Animal Growth Promoter Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Animal Growth Promoter Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Animal Growth Promoter Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Animal Growth Promoter Market - Supply Chain
  4.5. Global Animal Growth Promoter Market Forecast
     4.5.1. Animal Growth Promoter Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Animal Growth Promoter Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Animal Growth Promoter Market Absolute $ Opportunity
5. Global Animal Growth Promoter Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Animal Growth Promoter Market Size and Volume Forecast by Types
     5.3.1. Phytogenic
     5.3.2. Probiotics
     5.3.3. Acidifiers
     5.3.4. Prebiotics
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Animal Growth Promoter Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Animal Growth Promoter Market Size and Volume Forecast by End Users
     6.3.1. Livestock
     6.3.2. Integrators
     6.3.3. Farmers
     6.3.4. Aquaculture Industry
     6.3.5. Home-mixers
     6.3.6. Compound Feed Manufacturers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Animal Growth Promoter Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Animal Growth Promoter Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Animal Growth Promoter Demand Share Forecast, 2019-2026
8. North America Animal Growth Promoter Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Animal Growth Promoter Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Animal Growth Promoter Market Size and Volume Forecast by Types
     8.4.1. Phytogenic
     8.4.2. Probiotics
     8.4.3. Acidifiers
     8.4.4. Prebiotics
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Animal Growth Promoter Market Size and Volume Forecast by End Users
     8.7.1. Livestock
     8.7.2. Integrators
     8.7.3. Farmers
     8.7.4. Aquaculture Industry
     8.7.5. Home-mixers
     8.7.6. Compound Feed Manufacturers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Animal Growth Promoter Demand Share Forecast, 2019-2026
9. Latin America Animal Growth Promoter Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Animal Growth Promoter Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Animal Growth Promoter Market Size and Volume Forecast by Types
     9.4.1. Phytogenic
     9.4.2. Probiotics
     9.4.3. Acidifiers
     9.4.4. Prebiotics
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Animal Growth Promoter Market Size and Volume Forecast by End Users
     9.7.1. Livestock
     9.7.2. Integrators
     9.7.3. Farmers
     9.7.4. Aquaculture Industry
     9.7.5. Home-mixers
     9.7.6. Compound Feed Manufacturers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Animal Growth Promoter Demand Share Forecast, 2019-2026
10. Europe Animal Growth Promoter Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Animal Growth Promoter Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Animal Growth Promoter Market Size and Volume Forecast by Types
     10.4.1. Phytogenic
     10.4.2. Probiotics
     10.4.3. Acidifiers
     10.4.4. Prebiotics
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Animal Growth Promoter Market Size and Volume Forecast by End Users
     10.7.1. Livestock
     10.7.2. Integrators
     10.7.3. Farmers
     10.7.4. Aquaculture Industry
     10.7.5. Home-mixers
     10.7.6. Compound Feed Manufacturers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Animal Growth Promoter Demand Share Forecast, 2019-2026
11. Asia Pacific Animal Growth Promoter Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Animal Growth Promoter Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Animal Growth Promoter Market Size and Volume Forecast by Types
     11.4.1. Phytogenic
     11.4.2. Probiotics
     11.4.3. Acidifiers
     11.4.4. Prebiotics
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Animal Growth Promoter Market Size and Volume Forecast by End Users
     11.7.1. Livestock
     11.7.2. Integrators
     11.7.3. Farmers
     11.7.4. Aquaculture Industry
     11.7.5. Home-mixers
     11.7.6. Compound Feed Manufacturers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Animal Growth Promoter Demand Share Forecast, 2019-2026
12. Middle East & Africa Animal Growth Promoter Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Animal Growth Promoter Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Animal Growth Promoter Market Size and Volume Forecast by Types
     12.4.1. Phytogenic
     12.4.2. Probiotics
     12.4.3. Acidifiers
     12.4.4. Prebiotics
     12.4.5. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Animal Growth Promoter Market Size and Volume Forecast by End Users
     12.7.1. Livestock
     12.7.2. Integrators
     12.7.3. Farmers
     12.7.4. Aquaculture Industry
     12.7.5. Home-mixers
     12.7.6. Compound Feed Manufacturers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Animal Growth Promoter Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Animal Growth Promoter Market: Market Share Analysis
  13.2. Animal Growth Promoter Distributors and Customers
  13.3. Animal Growth Promoter Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Chr. Hansen A/S; Novus International, Inc.
     13.4.2. BASF SE
     13.4.3. Merck Animal Health
     13.4.4. DuPont (Danisco)
     13.4.5. Kemin Industries
     13.4.6. Alltech
     13.4.7. Elanco Animal Health Inc.

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