Global Animal Growth Promoters and Performance Enhancers Market is valued approximately USD 13.1 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2019-2026. Animal Growth Promoters and Performance Enhancers and performance enhancers are described as the drugs or chemicals that benefit animals in growing faster through digesting their food stuff more effectively, gaining maximum benefit out of it and allowing the animals to grow to be strong and healthy. These chemicals help the animals to gain more fat and weight resulting in more flesh production. Rising meat consumption across the globe is projected to boost the global Animal Growth Promoters and Performance Enhancers market. According to World Health Organization, the per capita consumption of meat is expected to reach 45.3 kg/year in 2030 from 36.4 kg/year in 1997-99. As per Organization for Economic Cooperation & Development, world poultry meat consumption in 2010 was about 12.822 kg/capita that increased to 13.860 kg/capita in 2017. Apart from this, rapid growing population is increasing the demand for food from different sources including animal sources. This is projected to fuel the demand for Animal Growth Promoters and Performance Enhancers market. Further, these chemicals also protect the animal from various sorts of microbial and bacterial disease. According to Food and Agriculture Organization of the United Nations, about 75% of all emerging infectious diseases those are affecting human are animal origin. Further, about 60% of all human pathogens are zoonotic. Growing apprehensions regarding animal epidemics and awareness concerning animal health is anticipated to create significant growth opportunity in the market over the forecast period. However, stringent rules and regulations regarding use of Animal Growth Promoters and Performance Enhancers in some countries impedes the growth of the market over the forecast period of 2019-2026.

The regional analysis of global Animal Growth Promoters and Performance Enhancers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising domestic livestock coupled with technological advancements in animal growth production. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income, government efforts to encourage animal producers, presence of many prominent animal producer would create lucrative growth prospects for the Animal Growth Promoters and Performance Enhancers market across Asia-Pacific region.

Major market player included in this report are:
Cargill, Inc.
Royal DSM N.V.
Elanco Animal Health Inc.
Merck & Co., Inc.
Alltech, Inc.
Archer-Daniels-Midland Company (ADM)
Vetoquinol
Bupo Animal Health
Chr. Hansen
Novus International, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Antibiotic Growth Promoters
Non-antibiotic Growth Promoters
By Animal Type:
Poultry
Swine
Livestock
Aquaculture
Other Animals

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Animal Growth Promoters and Performance Enhancers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors