PUBLISHER: SkyQuest | PRODUCT CODE: 1643660
PUBLISHER: SkyQuest | PRODUCT CODE: 1643660
Animal Growth Promoters And Performance Enhancers Market size was valued at USD 13.99 billion in 2023 and is poised to grow from USD 14.79 billion in 2024 to USD 23.04 billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
The animal growth promoters and performance enhancers market is on an upward trajectory, driven by increasing global demand for meat and other animal products, alongside a rising preference for naturally derived growth promoters. The need for efficient food digestion and rapid growth in livestock, spurred by the challenges of animal diseases and climate change, further fuels this growth. However, the market faces potential challenges, including antibiotic bans in various countries and stringent regulations surrounding the use of antibiotics and hormones for growth promotion. As the market evolves, stakeholders must navigate these constraints while capitalizing on the expanding opportunities brought by changing consumer preferences and health-conscious approaches to animal husbandry.
Top-down and bottom-up approaches were used to estimate and validate the size of the Animal Growth Promoters And Performance Enhancers market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Animal Growth Promoters And Performance Enhancers Market Segments Analysis
Global Animal Growth Promoters And Performance Enhancers Market is segmented by Type, Nature of Chemicals, Animal Type and region. Based on Type, the market is segmented into Antibiotic Growth Promoters Hormonal Growth Promoter, Beta-Agonist Growth Promoter, Feed Enzymes Growth Promoter, Probiotic Growth Promoter, Organic Acid Growth Promoter, Phytogenic, Acidifiers, Hormones and Others. Based on Nature of Chemicals, the market is segmented into Microbial Products, Prebiotics and Probiotics, Yeast Products, Enzymes /herbs, Oils and Spices and Antibiotic growth promoters and performance enhancers. Based on Animal Type, the market is segmented into Poultry, Swine, Livestock, Aquaculture and Other Animals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Animal Growth Promoters And Performance Enhancers Market
The Animal Growth Promoters and Performance Enhancers market is driven by a range of beneficial practices aimed at minimizing infection rates in livestock, ultimately reducing the reliance on antibiotics. The surge in organic dairy farming, particularly in countries like the UK, Norway, and Sweden, underscores a growing trend toward sustainable agriculture. Enhanced weaning protocols are being developed to ensure animals gain independence from their mothers in terms of nutrition, immunity, and psychological well-being. Rising consumer demand for organic products, driven by health consciousness, environmental concerns, and animal welfare considerations, is boosting this market segment significantly. According to the Organic Trade Association, organic food sales in the U.S. are experiencing rapid growth, reflecting similar trends in Europe and paving the way for improved husbandry practices in the animal farming sector.
Restraints in the Animal Growth Promoters And Performance Enhancers Market
The Animal Growth Promoters and Performance Enhancers market faces significant restraints due to the rising risk of disease transmission between agricultural animals and humans. The International Livestock Research Institute (ILRI) reports that zoonoses lead to approximately 2.2 million deaths and 2.4 billion illness cases annually. In the UK alone, between 10% and 20% of the population experiences infections from undercooked meat. The World Health Organization (WHO) highlights that zoonotic diseases cause millions of animal fatalities each year and account for around 60% of emerging infectious diseases. Moreover, over 350,000 foodborne zoonotic disease cases are documented annually in the European Union, exacerbating concerns surrounding food safety and animal health.
Market Trends of the Animal Growth Promoters And Performance Enhancers Market
The Animal Growth Promoters and Performance Enhancers market is set to experience significant dynamics driven by heightened awareness of animal health and the growing concerns surrounding animal epidemics. While strict regulations limiting antibiotic use may pose challenges in certain regions, the market is buoyed by robust R&D investments focused on developing innovative, natural alternatives that ensure safety and efficacy. Additionally, in developing areas like Asia Pacific, where regulatory frameworks are more permissive, ample growth opportunities are anticipated. However, consumer ignorance on the matter remains a potential barrier, emphasizing the need for greater education to fully realize market potential over the next several years.