Animal Growth Promoters & Performance Enhancers Market size was valued at USD 17.54 Bn. in 2023 and the total Animal Growth Promoters & Performance Enhancers Market size is expected to grow at a CAGR of 6.10% from 2024 to 2030, reaching nearly USD 26.55 Bn. by 2030.
Animal Growth Promoters & Performance Enhancers Market Report Scope and Research Methodology
The "Animal Growth Promoters & Performance Enhancers Market" report provides an in-depth analysis of the global market, encompassing market size, growth trends, competitive landscape, and key players. The report explores various types of growth promoters and performance enhancers, including antibiotics, probiotics, prebiotics, organic acids, and phytogenics, along with their applications across poultry, swine, cattle, aquaculture, and other livestock.
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What are Animal Growth Promoters & Performance Enhancers Market Dynamics
The Animal Growth Promoters & Performance Enhancers Market is driven by several key factors that influence its growth and development. The rising demand for animal protein, fueled by population growth and increasing consumer awareness of meat quality, is a primary driver for the market. The need for improved feed efficiency and higher livestock yields is encouraging the adoption of growth promoters and performance enhancers. However, the market faces challenges such as stringent regulations on the use of antibiotics in animal feed, increasing scrutiny over the potential health risks associated with certain enhancers, and a growing preference for natural alternatives.
What is Animal Growth Promoters & Performance Enhancers Market Regional Insight
The Animal Growth Promoters & Performance Enhancers Market displays varied growth patterns across different regions, shaped by local demand for animal protein, regulatory environments, and agricultural practices. North America and Europe are key markets, driven by advanced livestock farming practices, high demand for quality meat, and a shift towards natural growth enhancers due to stringent regulations on antibiotics. In the Asia-Pacific region, rapid urbanization, increasing disposable incomes, and growing meat consumption are driving substantial market growth, with countries like China and India leading in the adoption of performance enhancers to boost livestock productivity.
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What is Animal Growth Promoters & Performance Enhancers Market Segmentation
By Animals Type
Poultry
Swine
Livestock
Aquaculture
Other Animals
By Product
Hormonal Growth Promoters,
Antibiotic Growth Promoters,
Feed Enzyme Growth Promoters
Organic Acid Growth Promoters
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Who are Animal Growth Promoters & Performance Enhancers Market Key Players
BASF SE Georgia-Pacific (U.S.)
Chr. Hansen Holding A/S
Cargill
DuPont
Vetoquinol Group
Bayer AG
Novus International
Merck Sharp
Boehringer Ingelheim International GmbH
Bupo Animal Health Ltd
Alltech
PetIQ Inc
Novozymes
Zoetis
Protexin
BENEO
Royal DSM
XX Ltd
Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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