Animal Growth Promoters & Performance Enhancers Market: Global Industry Analysis and Forecast (2024-2030)

  • 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.

  • Format : PDF | Report ID : SMR_2038

Animal Growth Promoters & Performance Enhancers Market Overview

Animal health products are chemicals and drugs that improve animal growth. Growth promoters stimulate better food digestion and speed up animal development, hence increasing efficiency. The market for animal growth promoters and performance enhancers is primarily driven by the following factors: an increase in the world population has led to an increase in the consumption of animals, a rise in the use of animal-based food products for human beings, increases in demand for natural growth promoters worldwide, outbreaks of animal diseases and ecological change during the forecast period, it is expected that the animal growth promoters and performance enhancers market will not grow due to prohibitions of antibiotics in various countries as well as strict rules regulating their application for increasing the speed of weight gain in livestock.

Animal Growth Promoters & Performance Enhancers Market

 

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Animal Growth Promoters & Performance Enhancers Market Dynamics

Rise in the global demand for naturally produced growth promoters

To reduce the use of antibiotics efforts are being made to introduce several other positive alternatives to minimize the incidence of diseases in farm animals. Organic dairy farms are being established, and efforts are being made for their promotion in countries like the UK, Norway, and Sweden. Animals are being properly weaned so that they are independent of their mothers nutritionally, immunologically, and psychologically.

 

The growth in demand for organic products is one of the major factors driving adoption of good husbandry practices in the animal farming industry. According to Stellar Report organic food is the fastest-growing sector in the US food industry, and organic food sales are witnessing double digit annual growth in the country. Similarly, demand for organic products is gaining increasing momentum in European countries. Factors such as numerous food scandals and increased interest in health, environmental issues, as well as animal welfare have given rise to the demand for organic food.

 

Adverse effects: Certain promoters, like β-agonists, induce negative effects in consumers, such as dizziness, headaches, tachycardia and tremors. Under acceptable veterinary practices, many risk assessment studies for natural steroid hormones have found insignificant effects. Therefore, the negative effects on humans are inhibiting the market.

 

Increasing investment in natural growth promoters

The major objectives of applying growth promoters in farm animals are to elevate feed-to-muscle conversion rates, enhance fat and protein deposition, and stimulate growth. Growth promoters and metabolic modifiers increase production efficiency, deliver a good return on investment, and have a positive impact on the environment; therefore, they significantly contribute to the sustainability of beef cattle production. Market companies are investing more in phytogenics to enhance the performance of naturally acquired growth promoters.

 

Animal Growth Promoters & Performance Enhancers Market Segment Analysis:

Based on Animal Type: The animal type segment includes poultry, Swine, livestock, Aquaculture and others. The poultry segment dominated the market, holding a share of around 35% in 2023. The business of poultry is performed under the usage of non-antibiotic feed additives mainly during the growing phase. It provides essential maintenance of standards to the poultry industry and aids in the improvement of productions while maintaining food safety and the standard and quality of the industry.

Animal Growth Promoters & Performance Enhancers Market1

Animal Growth Promoters & Performance Enhancers Market Regional Insights:

The Asia Pacific will account for the largest market share with an increase in revenue. The main reason is the high demand for animal growth promoters and performance enhancers with respect to the requirements of food production quantity. Further, the growing population is increasing food production and is eventually promoting the use of growth promoters and performance enhancers. In terms of global meat consumption, Japan follows China as the second-largest importer, with a substantial rate of both.

 

For instance, such a surge in meat consumption is likely to increase the demand for animal growth promoters in the domestic livestock industry to enhance efficiency and safety in meat products. Probiotics have become an integral part of the feed industry in the Indian market. The rising consumer awareness toward the growth promoter has led to the inclusion of probiotics in the ruminant feed for the enhanced performance and health of the animals, which is Propelling the growth of the market.

Animal Growth Promoters & Performance Enhancers Market2

Animal Growth Promoters & Performance Enhancers Market Competitive Landscape

  • On February 14 2024, Blacksmith Medicines, Inc., a global biopharmaceutical company, and Zoetis, a global animal health company, announced a collaboration, to discover and develop novel antibiotics for animal health

 

  • In November 2022, Cargill and CARE International signed a Memorandum of Understanding (MoU) in Hanoi for a two-year program called "She Thrives." The "She Thrives" initiative aims to promote sustainable living conditions for rural smallholders, particularly women and members of ethnic minorities in Vietnam's Dak Lak province, by providing farmers and producers with the tools and resources they need to improve their livelihoods in the long term.

 

Animal Growth Promoters & Performance Enhancers Market Scope

Animal Growth Promoters & Performance Enhancers Market

Market Size in 2023

USD 17.54 Bn.

Market Size in 2030

USD 26.55 Bn.

CAGR (2024-2030)

6.10 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

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

Regional Scope

North America- United States, Canada, and Mexico

Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Animal Growth Promoters & Performance Enhancers Market Key Players

  1. BASF SE Georgia-Pacific (U.S.)
  2. Chr. Hansen Holding A/S
  3. Cargill
  4. DuPont
  5. Vetoquinol Group
  6. Bayer AG
  7. Novus International
  8. Merck Sharp
  9. Boehringer Ingelheim International GmbH
  10. Bupo Animal Health Ltd
  11. Alltech
  12. PetIQ Inc
  13. Novozymes
  14. Zoetis
  15. Protexin
  16. BENEO
  17. Royal DSM
  18. XX Ltd


Frequently Asked Questions

Rise in the global demand for naturally produced growth promoters are the growth drivers for the Animal Growth Promoters & Performance Enhancers Market.

1.    Animal Growth Promoters & Performance Enhancers Market: Research Methodology 
2.    Animal Growth Promoters & Performance Enhancers Market: Executive Summary
3.    Animal Growth Promoters & Performance Enhancers Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Animal Growth Promoters & Performance Enhancers Market: Dynamics
5.1. Market Trends 
5.2. Market Drivers 
5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Challenges
5.6. PORTER’s Five Forces Analysis
5.7. PESTLE Analysis
5.8. Strategies for New Entrants to Penetrate the Market
5.9. Analysis of Government Schemes and Initiatives for the Satellite Propulsion System Industry
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Animal Growth Promoters & Performance Enhancers Market Size and Forecast by Segments (by Value Units)
6.1.1.    Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Animal Type (2023-2030)
6.1.1.1.    Poultry
6.1.1.2.    Swine
6.1.1.3.    Livestock
6.1.1.4.    Aquaculture
6.1.1.5.    Other Animals
6.1.2.    Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Product (2023-2030)
6.1.2.1.    Hormonal Growth Promoters, 
6.1.2.2.    Antibiotic Growth Promoters,
6.1.2.3.    Feed Enzyme Growth Promoters
6.1.2.4.    Organic Acid Growth Promoters
6.1.3.    Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by region (2023-2030)
6.1.3.1.    North America
6.1.3.2.    Europe
6.1.3.3.    Asia Pacific
6.1.3.4.    Middle East and Africa
6.1.3.5.    South America

7.    North America Animal Growth Promoters & Performance Enhancers Market Size and Forecast (by value Units)
7.1. North America Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Animal Type (2023-2030)
7.1.1.    Poultry
7.1.2.    Swine
7.1.3.    Livestock
7.1.4.    Aquaculture
7.1.5.    Other Animals  

7.2. North America Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Product (2023-2030)
7.2.1.    Hormonal Growth Promoters, 
7.2.2.    Antibiotic Growth Promoters,
7.2.3.    Feed Enzyme Growth Promoters
7.2.4.    Organic Acid Growth Promoters

7.3. North America Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Country (2023-2030)
7.3.1.    United States
7.3.2.    Canada
7.3.3.    Mexico

8.    Europe Animal Growth Promoters & Performance Enhancers Market Size and Forecast (by Value Units)
8.1. Europe Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Animal Type (2023-2030)
8.1.1.    Poultry
8.1.2.    Swine
8.1.3.    Livestock
8.1.4.    Aquaculture
8.1.5.    Other Animals 

8.2. Europe Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Product (2023-2030)
8.2.1.    Hormonal Growth Promoters, 
8.2.2.    Antibiotic Growth Promoters,
8.2.3.    Feed Enzyme Growth Promoters
8.2.4.    Organic Acid Growth Promoters

8.3. Europe Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Country (2023-2030)
8.3.1.    UK
8.3.2.    France
8.3.3.    Germany
8.3.4.    Italy
8.3.5.    Spain
8.3.6.    Sweden
8.3.7.    Russia
8.3.8.    Rest of Europe

9.    Asia Pacific Animal Growth Promoters & Performance Enhancers Market Size and Forecast (by Value Units)
9.1. Asia Pacific Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Animal Type (2023-2030)
9.1.1.    Poultry
9.1.2.    Swine
9.1.3.    Livestock
9.1.4.    Aquaculture
9.1.5.    Other Animals 

9.2. Asia Pacific Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Product (2023-2030)
9.2.1.    Hormonal Growth Promoters, 
9.2.2.    Antibiotic Growth Promoters,
9.2.3.    Feed Enzyme Growth Promoters
9.2.4.    Organic Acid Growth Promoters 

9.3. Asia Pacific Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Country (2023-2030)
9.3.1.    China
9.3.2.    S Korea
9.3.3.    Japan
9.3.4.    India
9.3.5.    Australia
9.3.6.    ASEAN
9.3.7.    Rest of Asia Pacific

10.    Middle East and Africa Animal Growth Promoters & Performance Enhancers Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Animal Type (2023-2030)
10.1.1.    Poultry
10.1.2.    Swine
10.1.3.    Livestock
10.1.4.    Aquaculture
10.1.5.    Other Animals 

10.2. Middle East and Africa Pool Tables Market Size and Forecast, by Product (2023-2030)
10.2.1.    Hormonal Growth Promoters, 
10.2.2.    Antibiotic Growth Promoters,
10.2.3.    Feed Enzyme Growth Promoters
10.2.4.    Organic Acid Growth Promoters 

10.3. Middle East and Africa Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Country (2023-2030)
10.3.1.    South Africa
10.3.2.    GCC
10.3.3.    Egypt
10.3.4.    Rest of ME&A

11.    South America Animal Growth Promoters & Performance Enhancers Market Size and Forecast (by Value Units)
11.1. South America Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Animal Type (2023-2030)
11.1.1.    Poultry
11.1.2.    Swine
11.1.3.    Livestock
11.1.4.    Aquaculture
11.1.5.    Other Animals 

11.2. South America Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Product (2023-2030)
11.2.1.    Hormonal Growth Promoters, 
11.2.2.    Antibiotic Growth Promoters,
11.2.3.    Feed Enzyme Growth Promoters
11.2.4.    Organic Acid Growth Promoters

11.3. South America Animal Growth Promoters & Performance Enhancers Market Size and Forecast, by Country (2023-2030)
11.3.1.    Brazil
11.3.2.    Argentina
11.3.3.    Rest of South America

12.    Company Profile: Key players
12.1. BASF SE Georgia-Pacific (U.S.)
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Chr. Hansen Holding A/S
12.3. Cargill
12.4. DuPont
12.5. Vetoquinol Group
12.6. Bayer AG
12.7. Novus International
12.8. Merck Sharp
12.9. Boehringer Ingelheim International GmbH
12.10. Bupo Animal Health Ltd
12.11. Alltech
12.12. PetIQ Inc
12.13. Novozymes
12.14. Zoetis
12.15. Protexin
12.16. BENEO
12.17. Royal DSM
12.18. XX Ltd
13.    Key Findings
14.    Industry Recommendation

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