ANIMAL GROWTH PROMOTERS PERFORMANCE ENHANCERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Animal Growth Promoters Performance Enhancers Market, By Product (Antibiotic Growth Promoters, Beta-Agonist Growth Promoter, Feed Enzymes Growth Promoter, Probiotic Growth Promoter, and Others), By Animal Type (Porcine, Livestock, Equine, Aquaculture, and Others), By Nature of Chemicals (Microbial, Prebiotics, Probiotics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024
Code : CMI6909
Pages :145
Formats :
Excel and PDF
Industry : Pharmaceutical

Market Challenges – Concerns about Antibiotics Residue in Meat and Potential Health Risks to Humans

Stringent regulations in the European Union and other regions have banned the non-therapeutic use of antibiotics as growth promoters in animals. This is negatively impacting revenue growth for many pharmaceutical companies. Additionally, consumers are increasingly seeking meat produced from animals that are raised without antibiotics or hormones.

Market Opportunities – Increasing Preference for Antibiotic-free Meat

The animal growth promoters and performance enhancers market presents various opportunities owing to the rising push for antibiotic-free meat is boosting the demand for all-natural alternatives like prebiotics, probiotics, enzymes, organic acids, and phytochemicals. Emerging economies with rising meat consumption and limited regulations represent large potential markets. Manufacturers are investing in R&D to develop innovative natural products that are more effective and economical substitutes for traditional growth promoters.