Animal Growth Promoters And Performance Enhancers Market – USD 8,787 Million By 2018

The animal growth promoters and performance enhancers market was anticipated to have collected around USD 6, 871 million in 2013. It is expected to achieve a size of about USD 8, 787 million by 2018. 2013 to 2018 marks the forecast period.  The market is projected to expand at around 5 percent during this phase. Augmented consumption of meat around the world is estimated to drive the animal growth promoters and performance enhancers market forward during the forecast phase.

Boost in population and growing disposable earnings are believed to augment the demand for protein-rich food in the future. Feed enzymes, antibiotics, hormones, organic acids, prebiotics and probiotics are various animal growth promoters and performance enhancers. The worldwide animal growth promoters and performance enhancers market was anticipated at about USD 6, 871 million in 2013. It is predicted to attain a size of around USD 8, 787 million by 2018.

The market is likely to rise at about 5 percent from 2013 to 2018. Nations, such as India, China and others are fuelling the demand for meat. This is on account of continual population increase, modifications in living standards and rising educational developments. Such factors are also steering further demand for the animal growth promoters and performance enhancers market. Moreover, constant research and development activities to boost meat production are also propelling the growth of the market.

Scientists around the globe are executing research operations to find enhanced and securer growth promoters as a substitute to hormones and antibiotics. This is yet another element which drives the demand for the animal growth promoters and performance enhancers market. The danger of losing animals to various pandemics is urging producers to utilize growth promoters and performance enhancers. This consecutively, drives further demand for the market.

Asia Pacific dominated the worldwide animal growth promoters and performance enhancers market in 2013. It was followed by rest of the world, North America and Europe.