Animal Growth Promoters And Performance Enhancers Market Outlook 2025 – Insights for Executive and Strategic Planning
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How Fast Is The Animal Growth Promoters And Performance Enhancers Market Expected to Grow Between 2025 And 2029?
There has been a robust growth in the market size of animal growth promoters and performance enhancers in the past few years. The market is projected to escalate from $15.17 billion in 2024 to $16.19 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The market’s growth during the historic period can be credited to the increasing demand for meat, feed conversion efficiency enhancement, and antibiotics use in feed.
What Growth Rate Is Anticipated for the Animal Growth Promoters And Performance Enhancers Market in the Coming Years?
The market for animal growth promoters and performance enhancers is projected to experience robust growth in the coming years. It is predicted to expand to $20.85 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The expected growth during the forecast period can be linked to the reduction in antibiotic use, sustainable farming practices, nutritional enhancers and tailored nutrition. The forecast period’s significant trends comprise phytogenic and natural additives, antibiotic reduction, nutritional additives, and the production of meat free from hormones and steroids.
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Who Are the Leading Companies in the Animal Growth Promoters And Performance Enhancers Market?
Major companies operating in the animal growth promoters and performance enhancers market include Merck and Co. Inc., Cargill Inc., Royal DSM N.V., Vetoquinol S.A., Bupo Animal Health, Elanco Animal Health Inc., Alltech Biotechnology Pvt. Ltd., Bayer HealthCare Animal Health Inc., Zoetis Inc., Bioniche Life Sciences Inc., Danisco A/S, Du Pont De Nemours and Company, C.H. Boehringer Sohn AG & Co. KG, Associated British Foods plc, Biomin Holding GmbH, Chr. Hansen A/S, Novus International Inc., Intervet Inc., Hipra India Pvt. Ltd., Kepro Technologies Private Limited, Pancosma S.A., Provimi Holding B.V., Trouw Nutrition International B.V., Zagro Asia Limited, Biostadt India Limited, ECO Animal Health Group plc, Heska Corporation, IDEXX Laboratories Inc., Kyoritsu Seiyaku Corporation, Neogen Corporation
What Are the Key Drivers of the Animal Growth Promoters And Performance Enhancers Market?
The surge in meat demand is a crucial determinant propelling the market for animal growth promoters and performance enhancers. These growth promoters induce fat and weight accumulation in animals, thereby leading to enhanced meat yield and higher animal cost. For numerous individuals globally, meat serves as a pivotal protein provider. An FAO report reveals that there has been a twofold increase in meat production over the past three decades. It is anticipated that the production and consumption trends of meat will persistently expand. By 2050, the global consumption of meat is estimated to lie anywhere between 460 million and 570 million tons. This is predicted to bolster the market for animal growth promoters and performance enhancers.
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What Are the Key Market Segments in the Animal Growth Promoters And Performance Enhancers Industry?
The animal growth promoters and performance enhancers market covered in this report is segmented –
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
Subsegments:
1) By Antibiotic Growth Promoters: Tetracyclines, Penicillins, Macrolides, Aminoglycosides
2) By Non-Antibiotic Growth Promoters: Probiotics, Prebiotics, Enzymes, Phytogenics, Hormones
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What Are the Key Regional Markets in the Animal Growth Promoters And Performance Enhancers Industry?
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
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This Report Delivers Insight On:
1. How big is the animal growth promoters and performance enhancers market, and how is it changing globally?
2. Who are the major companies in the animal growth promoters and performance enhancers market, and how are they performing?
3. What are the key opportunities and risks in the animal growth promoters and performance enhancers market right now?
4. Which products or customer segments are growing the most in the animal growth promoters and performance enhancers market?
5. What factors are helping or slowing down the growth of the animal growth promoters and performance enhancers market?
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