Animal Growth Promoters And Performance Enhancers Industry Overview 2025: Growth Projections and Market Trends
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What Are The Growth Projections For The Animal Growth Promoters And Performance Enhancers Market Size During 2025–2029?
The animal growth promoters and performance enhancers market size has observed substantial growth in recent years. This market is anticipated to expand from $15.17 billion in 2024 to $16.15 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.5%. The expansion witnessed in prior periods is attributable to factors like increasing meat demand, advancements in feed conversion efficiency, and the incorporation of antibiotics in feed.
The animal growth promoters and performance enhancers market size is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach $20.71 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.4%. Key drivers for this growth during the forecast period include antibiotic reduction, sustainable agricultural practices, nutritional enhancers, and customized nutrition. Prominent trends expected in this period encompass phytogenic and natural additives, continued efforts in antibiotic reduction, the integration of nutritional additives, and the production of hormone-free and steroid-free meat.
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Which Drivers Are Supporting Growth Of The Animal Growth Promoters And Performance Enhancers Market?
The increasing global appetite for meat serves as a crucial impetus for the animal growth promoters and performance enhancers market. These promoters facilitate fat and weight accumulation in animals, leading to increased meat output and higher animal value. Globally, meat stands as a primary source of protein for a large portion of the population. An FAO study indicates that meat production has doubled over the past 30 years. Both the production and consumption of meat are projected to experience continued expansion. By the year 2050, worldwide meat consumption is forecasted to reach volumes ranging from 460 million to 570 million tons. This anticipated surge is expected to propel the animal growth promoters and performance enhancers market forward.
How Is The Animal Growth Promoters And Performance Enhancers Market Segmented?
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
Who Are The Key Multinational Companies Dominating 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
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How Do Regional Market Performances Compare Within The Animal Growth Promoters And Performance Enhancers Industry?
North America was the largest region in the animal growth promoters and performance enhancers market in 2024. 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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