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Rising Global Meat Demand Spurs Growth In Animal Growth Promoters And Performance Enhancers Market: A Key Catalyst Accelerating Animal Growth Promoters And Performance Enhancers Market Growth in 2025
Animal Growth Promoters And Performance Enhancers
Animal Growth Promoters And Performance Enhancers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of animal growth promoters and performance enhancers has experienced strong growth. It's projected to increase from $15.17 billion in 2024 to $16.15 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This substantial growth during the historical period is largely due to the increasing demand for meat, the efficiency of feed conversion, and the use of antibiotics in feed.
Animal Growth Promoters And Performance Enhancers Market Size Forecast: What's the Projected Valuation by 2029?
The market for animal growth promoters and performance enhancers is anticipated to witness robust growth in the coming years. The market is projected to reach $20.71 billion in 2029, with a compound annual growth rate (CAGR) of 6.4%. The growth anticipated during the forecast period can be linked to factors such as reduction in antibiotics, sustainable farming, nutritional enhancements, and personalized nutrition. Key trends for the forecast period include the use of phytogenic and natural additives, reduction in antibiotics, nutritional additives, and the production of meat free from hormones and steroids.
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What Are the Drivers Transforming the Animal Growth Promoters And Performance Enhancers Market?
A surge in meat demand significantly contributes to the market growth of animal growth promoters and performance enhancers. These promoters aid an animal in gathering weight and fat, eventually leading to increased meat production and a more valuable animal. Meat serving as a key protein provider for many worldwide is another factor to consider. Research conducted by FAO reveals that over the past three decades, meat production has seen a doubling influx. The expectation of further production and consumption growth of meat continues. Predictions indicate that by 2050, worldwide meat consumption will lie somewhere between 460 million and 570 million tons. This estimation signifies a potential boost in the market for animal growth promoters and performance enhancers.
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Which Segments in the Animal Growth Promoters And Performance Enhancers Market Offer the Most Profit Potential?
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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Which Firms Dominate the Animal Growth Promoters And Performance Enhancers Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Animal Growth Promoters And Performance Enhancers Market?
North America was the largest region in the animal growth promoters and performance enhancers market in 2024. 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
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