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Rising Global Meat Demand Spurs Growth In Animal Growth Promoters And Performance Enhancers Market: Key Factor Driving The Growth In The Animal Growth Promoters And Performance Enhancers Market
Animal Growth Promoters And Performance Enhancers Market
What Is the Expected Animal Growth Promoters And Performance Enhancers Market Size During the Forecast Period?
The animal growth promoters and performance enhancers market size has expanded at a strong pace. It will grow from $15.17 billion in 2024 to $16.19 billion in 2025 at a CAGR of 6.7%. This rise has been supported by increasing meat consumption, improved feed efficiency, and the use of antibiotics in feed.
The animal growth promoters and performance enhancers market size is expected to experience strong growth in the next few years. It will reach $20.85 billion by 2029 at a compound annual growth rate (CAGR) of 6.5%. Growth is driven by antibiotic reduction efforts, sustainable agriculture, nutritional enhancers, and customized nutrition. Key trends in the forecast period include phytogenic and natural additives, antibiotic reduction, nutritional additives, and hormone-free and steroid-free meat production.
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What Are the High-Growth Segments in the Animal Growth Promoters And Performance Enhancers Market?
The animal growth promoters and performance enhancers market covered in this report 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
Subsegments:
1) By Antibiotic Growth Promoters: Tetracyclines, Penicillins, Macrolides, Aminoglycosides
2) By Non-Antibiotic Growth Promoters: Probiotics, Prebiotics, Enzymes, Phytogenics, Hormones
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What Key Drivers Are Expected to Influence Future Animal Growth Promoters And Performance Enhancers Market Growth?
Rising meat consumption globally is a major contributor to the growth of the animal growth promoters and performance enhancers market. These products help animals gain weight and fat, increasing both meat yield and market value. With meat being a primary protein source, production has doubled over the last three decades. FAO projects meat consumption to reach between 460 million and 570 million tons by 2050, supporting strong market demand.
Which Companies Hold the Largest Share Across Different Animal Growth Promoters And Performance Enhancers Market Segments?
Major companies operating in the animal growth promoters and performance enhancers market include Merck and Co. Inc., Cargill Inc., Royal DSM N.V., Vetoquinol S.A., Bupo Animal Health, Elanco Animal Health Inc., Alltech Biotechnology Pvt. Ltd., Bayer HealthCare Animal Health Inc., Zoetis Inc., Bioniche Life Sciences Inc., Danisco A/S, Du Pont De Nemours and Company, C.H. Boehringer Sohn AG & Co. KG, Associated British Foods plc, Biomin Holding GmbH, Chr. Hansen A/S, Novus International Inc., Intervet Inc., Hipra India Pvt. Ltd., Kepro Technologies Private Limited, Pancosma S.A., Provimi Holding B.V., Trouw Nutrition International B.V., Zagro Asia Limited, Biostadt India Limited, ECO Animal Health Group plc, Heska Corporation, IDEXX Laboratories Inc., Kyoritsu Seiyaku Corporation, Neogen Corporation
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What Are the Emerging Geographies for The Animal Growth Promoters And Performance Enhancers Market Growth?
North America was the largest region in the animal growth promoters and performance enhancers market in 2023. Asia-Pacific was the second-largest region in the animal growth promoters and performance enhancers market. The regions covered in the animal growth promoters and performance enhancers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Animal Growth Promoters And Performance Enhancers Market?
2. What is the CAGR expected in the Animal Growth Promoters And Performance Enhancers Market?
3. What Are the Key Innovations Transforming the Animal Growth Promoters And Performance Enhancers Industry?
4. Which Region Is Leading the Animal Growth Promoters And Performance Enhancers Market?
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