Animal Growth Promoters and Performance Enhancers Market Size
Agents of Animal Growth and Performance Enhancement With a value of around USD 13.9 billion in 2022 and expected to rise at a CAGR of over 5.8%, market size is expected to reach Substances that help animals grow by means of efficient and effective digestion of their food thereby enabling the animal to develop into a healthy and strong adult are known as animal growth promoters and performance enhancers. Promote animal growth by means of protective measures against infectious diseases, quickening of growth rates, and increase of animal productivity. The two main types of animal growth promoters are both antibiotic and non-antibiotic ones.
To get key market trends
By means of higher feed conversion, growth rate promotion, and illness avoidance, animal growth promoters and performance enhancers are used in the poultry and cattle sectors to raise meat output. In chicken production, sub-therapeutic doses of antibiotics can be effectively employed to stimulate development. The incidence of animal diseases and the requirement of preventative treatment boost demand for antibiotics and other veterinary medications including growth and performance enhancers. Poultry probiotic components, animal feed probiotics, antibiotic growth promoters, and non-antibiotic growth promoters are among the several sectors where this demand is developing.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Animal Growth Promoters and Performance Enhancers Market Size in 2022 | USD 13.9 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.8% |
| 2032 Value Projection | USD 24.4 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 114 |
| Tables, Charts & Figures | 203 |
| Segments covered | Product, Animal Type and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
COVID-19 Impact
The animal growth boosters and performance enhancers market has suffered with the COVID-19 epidemic. Because of lower demand for cattle, COVID-19 has harmed the supply chain of animal growth boosters and performance enhancers. The drop in veterinary medicine's manufacturing capacity and output has resulted in product unavailability and supply chain problems, which have badly impacted the market's growth in 2020–2021. Furthermore endangering the market for animal growth promoters and performance enhancers are tight government rules including prohibitions on importing raw goods from China.
Animal Growth Promoters and Performance Enhancers Market Trends
Growing concern about animal diseases and knowledge of animal welfare are supposed to help the world market. Future demand for animal growth boosters and performance enhancers will increase if growing knowledge of their advantages multiplies. Another element driving the expansion of the animal growth promoters and performance enhancers market is rising meat intake worldwide. The demand for frozen meat and frozen meat products has increased with the changing lifestyle; this has in turn driven development in the demand for animal growth promoters and performance enhancers.
Animal Growth Promoters and Performance Enhancers Market Restraint
U.S. and Europe are among the nations that have tightly restricted the use of animal antibiotics and antimicrobials as a performance enhancer. Which restricts the expansion possibilities of this market? Furthermore endangering the rate of market expansion include high cost of nutritional products, dietary supplements, growth accelerators or performance enhancers.
Animal Growth Promoters and Performance Enhancers Market Analysis
Learn more about the key segments shaping this market
Product-based segmentation of the market distinguishes it as non-antibiotic promoters and antibiotic growth enhancers. Due to their economic advantages, wide range of products with applications in various production animals, sustainability of ecosystem, and rising rules on usage of antibiotics and hormones, the segment of non-antibiotic promoters held a majority market value of USD 10.7 billion in 2022.
Organic acid growth promoters, feed enzyme growth promoters, phytogenic growth promoters, probiotic and prebiotic growth promoters, hormonal growth promoters, and others split the non-antibiotic promoters section further. With their highest market share among animal growth promoters and performance enhancers in 2022, probiotic and prebiotic development promoters sector Their safety, natural performance-enhancing qualities, and great nutritional worth help to explain this mostly. It also changes the gut flora, lowers pathogen shedding and disease symptoms, boosts gut immunity, and raises disease resistance and general health.
Learn more about the key segments shaping this market
Based on animal type, the market is segmented as poultry, swine, livestock, aquatic animals, and other animals. The poultry segment held a dominant market share of around 41.5% in 2022 and is expected to grow at a significant pace during the analysis period. This is because the increasing demand for poultry meat and eggs worldwide and new dietary design techniques introduced in poultry contributing to the development of alternative growth promotion strategies.
Looking for region specific data?
Claiming the lion's share of the market with a whopping $5.6 billion in income, the Animal Growth Promoteers and Performance Enhancers industry has been exploding in North America. Growing demand for premium meat and dairy and improvements in animal husbandry methods help to explain this supremacy. The dominance of industrial heavyweights like Cargill, Zoetis, and Elanco fuels North America's predominance in this field as well. With their creative products, these businesses are continuously stretching the boundaries. For instance, the United States alone claims a sizable portion of the worldwide poultry meat output. The need for meat and the sophisticated farming methods of the area are projected to propel the expansion of the Animal Growth Promotes and Performance Enhancers market even more in the next years.
Animal Growth Promoters and Performance Enhancers Market Share
Some of the major market players operating in the animal growth promoters and performance enhancers market are
- Elanco Animal Health Incorporated
- Merck Animal Health
- Zoetis Inc.
- Bioniche Animal Health
- Bupo Animal Health
- DSM
- Bayer Animal Health
- Biomin Holding Gmbh
- Boehringer Ingelheim
- Cargill Inc.
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Animal Growth Promoters and Performance Enhancers Industry News
- In August 2021, Cargill, Incorporated launched a new feed additive named "Promote." The product is designed to improve the gut health of poultry and is expected to enhance the company's product portfolio in the global market.
- In 2020, Evonik Industries AG launched a new product named "Ecobiol," which is a probiotic designed to improve the gut health of livestock. The launch of this product strengthened the company's position in the animal growth promoters and performance enhancers industry.
The animal growth promoters and performance enhancers market research report include an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Product
- Non-antibiotic promoters
- Probiotic and prebiotic growth promoters
- Organic acid growth promoters
- Phytogenic growth promoters
- Feed Enzyme growth promoters
- Hormonal growth promoters
- Others non-antibiotic promoters
- Antibiotic growth promoters
​By Animal Type
- Poultry
- Swine
- Livestock
- Aquatic animals
- Other animals
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy