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What is the Expected Growth Rate of the Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market from 2024 to 2033?

The animal growth promoters and performance enhancers market has seen solid growth in recent years. It is expected to rise from $14.65 billion in 2023 to $15.63 billion in 2024, reflecting a CAGR of 6.7%. The growth is attributed to increased demand for meat, improvements in feed conversion efficiency, and the use of antibiotics in feed.

The animal growth promoters and performance enhancers market is projected to grow, reaching $20.23 billion by 2028 with a CAGR of 6.7%. This growth is attributed to antibiotic reduction, sustainable agriculture, and nutritional enhancers. Trends include phytogenic additives, hormone-free meat production, and nutritional additives.

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What Key Factors Are Fueling the Growth of the Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market?

The growing demand for meat globally is expected to drive the animal growth promoters and performance enhancers market. These products promote the accumulation of fat and weight in animals, resulting in higher meat production. According to the FAO, meat production has doubled over the past 30 years and is expected to continue growing. By 2050, global meat consumption is projected to reach between 460 million and 570 million tons, fueling the demand for growth promoters and enhancers in animal agriculture.

What Are the Major Segments of the Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market?

1) By Type: Antibiotic Growth Promoters, Non-Antibiotic Growth Promoters

2) By Animal Type: Poultry, Swine, Livestock, Aquaculture, Other Animals

3) By Nature of Chemicals: Microbial Products, Prebiotics And Probiotics, Yeast Products, Enzymes/Herbs, Oils And Spices

What New Trends Are Transforming the Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market?

Companies in the market are increasingly investing in phytogenics for higher efficiency of growth promoters through natural means. Phytogenics, sometimes also referred to as botanicals or phytobiotics, are plant-based feed additives utilised in animal nutrition. They are derived from herbs, spices, and extracts. Phytochemicals can be used in solid, dried, and ground form or as extracts, and can also be classified as essential oils and oleoresins depending on the process used to derive the active ingredients. The use of phytogenics promotes increased feed intake, improved gut function, prevention of diarrhea, and antimicrobial and antioxidative effects in livestock. Companies such as Delacon, Cargill, and BIOMIN have invested in phytogenics.

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Which Regions Are Driving Growth in the Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market?

North America was the largest region in the animal growth promoters and performance enhancers market in 2023. Asia-Pacific was the second-largest region in the animal growth promoters and performance enhancers market. The regions covered in the animal growth promoters and performance enhancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the animal growth promoters and performance enhancers global market report 2024 market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Include

1. Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Executive Summary

2. Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Segments

3. Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Size And Template Market Growth Rate

4. Key Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Trends

5. Major Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Drivers

……

25. Key Mergers And Acquisitions In The Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market

26. Top Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Companies

27. Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market Opportunities And Strategies

28. Animal Growth Promoters And Performance Enhancers Global Market Report 2024 Market, Conclusions And Recommendations

29. Appendix

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