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Animal Growth Promoters and Performance Enhancers Market Share

Report ID: GMI5893
Published Date: May 2023
Report Format: PDF

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Animal Growth Promoters and Performance Enhancers Market Share

Some of the major market players operating in the animal growth promoters and performance enhancers market are

Elanco Animal Health Incorporated
Merck Animal Health
Zoetis Inc.
Bioniche Animal Health
Bupo Animal Health
DSM
Bayer Animal Health
Biomin Holding Gmbh
Boehringer Ingelheim
Cargill Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Animal growth promoters and performance enhancers industry was valued at over USD 13.5 billion in 2022 and is estimated to reach more than USD 24 billion by the end of 2032. The livestock and poultry industry uses these products to improve meat production through increased feed conversion, growth rate promotion, and disease prevention.

The poultry segment held a dominant market share of around 41.5% in 2022 and is expected to grow at a significant pace through 2032, because of the increasing demand for poultry meat and eggs worldwide and the development of alternative growth promotion strategies.

North America animal growth promoters and performance enhancers market was worth over USD 5.5 billion in 2022 and will grow at fast pace through 2032, due to the implementation of cutting-edge animal husbandry techniques and the rising demand for premium meat and dairy products.

Elanco Animal Health Incorporated, Merck Animal Health, Zoetis Inc., Bioniche Animal Health, Bupo Animal Health, DSM, Bayer Animal Health, Biomin Holding Gmbh, Boehringer Ingelheim, and Cargill Inc.