The animal
growth enhancers market is poised to grow by USD 4.05 billion during
2020-2024, progressing at a CAGR of over 6% during the forecast period.
The market is driven by the rising demand for poultry products. In
addition, the R&D efforts towards discovering natural growth promoters are
anticipated to boost the growth of the animal growth enhancers market.
The increasing consumption of meat is driving the demand for animal
growth enhancers. The growing need for a healthy lifestyle has led to a shift
in consumer preferences from red meat to white meat, which is increasing the
demand for poultry meat. The consumption of poultry meat is expected to
increase significantly in developing countries, as the consumers are keen on
maintaining protein-rich diets. This, in turn, will drive the market for animal
growth enhancers.
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Major Five Animal Growth Enhancers Companies:
Archer Daniels Midland Co.
Archer Daniels Midland Co. has business operations under various
segments, such as origination, oilseeds, carbohydrate solutions, and nutrition.
The company offers a wide range of feed additives to improve animal health. The
product offerings range from amino acids and feed enzymes to high-quality macro
feed ingredients, supplements, premixes, custom ingredient blends and specialty
feed ingredients to aid in optimizing animal health and nutrition.
BASF SE
BASF SE operates its business through various segments, such as
chemicals, performance products, functional materials & solutions, and
agricultural solutions. The company offers a wide range of innovative feed
additives for livestock, aquaculture, and companion animals. The products group
includes enzymes, glycinates, carotenoids, organic acids, vitamins, clay
products, and conjugated linoleic acid.
Bayer AG
Bayer AG has business operations under various segments, such as
pharmaceuticals, consumer health, crop science, animal health, and corporate
functions & business services. The company’s key offering includes Baytril,
which is an antibiotic to treat bacterial infection in animals. It is the most
important quinolone used for treating bacterial infections in animals
worldwide.
C.H. Boehringer Sohn AG & Co. KG
C.H. Boehringer Sohn AG & Co. KG operates its business through three
segments, namely human pharmaceuticals, animal health, and biopharmaceuticals.
The company offers animal growth enhancers, and advanced, preventive animal
healthcare products for swine, which includes Enterisol Ileitis, Ingelvac
Provenza, Ingelvac MycoFLEX, and others.
Cargill Inc.
Cargill Inc. has business operations under four segments, such as animal
nutrition & protein, food ingredients & applications, origination &
processing, and industrial & financial services. The company offers animal
growth enhancers such as Notox, Valido, Intella, Cinergy, Proviox, and Enzae.
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