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Animal Growth Promoters And Performance Enhancers Market Report 2023-2032: Market Size, Trends, Analysis And Forecast | Merck Animal Health, Cargill, Royal DSM N.V., Vetoquinol S.A., Bupo Animal Health
Animal Growth Promoters And Performance Enhancers Market
The Business Research Company's Animal Growth Promoters And Performance Enhancers Global Market Report 2023 identifies growing demand for meat as the major driver for the Animal Growth Promoters And Performance Enhancers market's growth in the forecast period. Animal growth promoters make the animal accumulate fat and weight, resulting in more meat production and a more expensive animal. Meat is a major protein source for many people around the world. According to a study by FAO, the production of meat has doubled in the last 30 years and increased four-fold since the mid-1960s.
The global animal growth promoters and performance enhancers market size will grow from $13.73 billion in 2022 to $14.65 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global animal growth promoters and performance enhancers market size is expected to grow to $18.92 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Animal Growth Promoters And Performance Enhancers market are Merck Animal Health, Cargill, Royal DSM N.V., Vetoquinol S.A., Bupo Animal Health.
A key trend in the Animal Growth Promoters And Performance Enhancers market includes Strict rules set by the US and European governments. For instance, Zoetis, the largest producer of animal medicines, is banned from selling antibiotics that promote faster growth in animals in the US and Europe. The US FDA has implemented a regulation that bans the use of antibiotics as feed supplements to help livestock and poultry grow faster. These regulations are expected to negatively impact the growth of the market.
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The Animal Growth Promoters And Performance Enhancers market is segmented -
1. By Type: Antibiotic Growth Promoters, Non-Antibiotic Growth Promoters.
2. By Animal Type: Poultry, Swine, Livestock, Aquaculture, Other Animals
3. By Nature of Chemicals: Microbial Products, Prebiotics And Probiotics, Yeast Products, Enzymes/Herbs, Oils And Spices
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Animal Growth Promoters And Performance Enhancers market.
The Business Research Company's "Global Animal Growth Promoters And Performance Enhancers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Animal Growth Promoters And Performance Enhancers Market Include:
1. Executive Summary
2. Animal Growth Promoters and Performance Enhancers Market Characteristics
3. Animal Growth Promoters and Performance Enhancers Market Trends And Strategies
4. Animal Growth Promoters and Performance Enhancers Market - Macro Economic Scenario
5. Animal Growth Promoters and Performance Enhancers Market Size And Growth
……
26. Africa Animal Growth Promoters and Performance Enhancers Market
27. Animal Growth Promoters and Performance Enhancers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Growth Promoters and Performance Enhancers Market
29. Animal Growth Promoters and Performance Enhancers Market Future Outlook and Potential Analysis
30. Appendix
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