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Animal Growth Promoters and Performance Enhancers Market Size

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

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Animal Growth Promoters and Performance Enhancers Market Size

Animal Growth Promoters and Performance Enhancers Market size was valued at around USD 13.9 billion in 2022 and is anticipated to grow at a CAGR of over 5.8% between 2023 and 2032. Animal growth promoters and performance enhancers are defined as substances that aid in animal growth by assisting in the efficient and effective digestion of the animal's food, allowing the animal to grow into a healthy and powerful adult. Animal growth promoters protects animals from infectious diseases, accelerate growth rates, and boost animal’s productivity. Antibiotic and non-antibiotic growth promoters are the two primary categories of animal growth boosters.

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The livestock and poultry industry uses animal growth promoters and performance enhancers to improve meat production through increased feed conversion, growth rate promotion and disease prevention. Antibiotics can be used successfully at sub-therapeutic doses in poultry production to promote growth. Demand for antibiotics and other veterinary drugs such as growth and performance enhancers are also driven by the prevalence of animal diseases and the need for preventive care. This demand is expanding across various industries including such as poultry probiotic ingredients, animal feed probiotics, antibiotic growth promoters, and non-antibiotic growth promoters.

Animal Growth Promoters and Performance Enhancers Market Report Attributes
Report Attribute	Details
Base Year:	2022
Animal Growth Promoters and Performance Enhancers Market Size in 2022:	USD 13.9 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.8%
2032 Value Projection:	USD 24.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	114
Tables, Charts & Figures:	203
Segments covered:	Product, Animal Type and Region
Growth Drivers:	Growth in global demand for naturally produced growth promoters Increasing demand and consumption of livestock-based food products Increasing adoption of non-antibiotic growth promoters Rising awareness about the benefits of animal growth promoters and performance enhancers
Pitfalls & Challenges:	Growing threat of antimicrobial resistance in animals Ban on usage of antibiotics in various countries Stringent regulations for the use of antibiotics in animals

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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.