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

The global animal growth promoters performance enhancers market is estimated to be valued at USD 17.33 Bn in 2024 and is expected to exhibit a CAGR of 5.9% during the forecast period (2024-2031). Animal growth promoters and performance enhancers refer to feed additives that are administered to livestock in order to increase weight gain and enhance the production output. They work by modifying the gastrointestinal microflora and metabolism in animals, thereby facilitating higher nutrient absorption and utilization. Some of the commonly used growth promoters include antibiotics, hormones, beta-agonists, prebiotics, and probiotics. The global animal growth promoters performance enhancers has witnessed steady growth over the past few decades, driven by the rising demand for meat and protein globally. However, there is increasing scrutiny on the use of antibiotics and hormone growth promoters due to residual concerns and ban in many countries such as Namibia. This has spurred research on alternative natural growth promoters.

Market Dynamics:

The growth of the animal growth promoters and performance enhancers market is driven by rising meat consumption patterns across the globe and the need to optimize feed conversion ratios (FCR) in livestock production. Additionally, growing awareness among farmers pertaining to productivity gains achieved through these feed additives is augmenting demand. However, stringent regulations restricting the use of antibiotics and hormones as growth promoters pose a major challenge. Also, the rising preference for antibiotic-free and residue-free meat presents an adverse impact. Furthermore, alternate ingredients, such as prebiotics and phytochemicals, offer promising opportunities as natural growth promoters in the coming years. The adoption of precision and digital livestock farming also presents new avenues by enabling the close monitoring of animal health and growth.

Key Features of the Study:

• This report provides an in-depth analysis of the global animal growth promoters performance enhancers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) over the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global animal growth promoters performance enhancers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study BIOMIN Holding GmbH, Adisseo, DuPont, Intervet Inc., Zoetis, Bayer AG, DSM, Erber AG, Novozymes A/S, Phibro Animal Health Corporation, Vetoquinol S.A., Elanco Animal Health Incorporated, Bupo Animal Health Pty Ltd, Novus International, Inc., and Alltech Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global animal growth promoters performance enhancers market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global animal growth promoters performance enhancers market.

Detailed Segmentation-

• By Product:
• • Antibiotic Growth Promoters
  • Beta-Agonist Growth Promoter
  • Feed Enzymes Growth Promoter
  • Probiotic Growth Promoter
  • Others
• By Animal Type:
• • Porcine
  • Livestock
  • Equine
  • Aquaculture 
  • Others
• By Nature of Chemicals:
• • Microbial
  • Prebiotics
  • Probiotics
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • BIOMIN Holding GmbH
  • Adisseo
  • DuPont
  • Intervet Inc.
  • Zoetis
  • Bayer AG
  • DSM
  • Erber AG
  • Novozymes A/S
  • Phibro Animal Health Corporation
  • Vetoquinol S.A.
  • Elanco Animal Health Incorporated
  • Bupo Animal Health Pty Ltd
  • Novus International, Inc.
  • Alltech Corporation