Animal Growth Promoters and Performance Enhancers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product, By Animal Type, and Region Forecast 2019-2030
Animal growth promoters and performance enhancers market size was valued at US$ 14,603.8 million in 2023 and is anticipated to grow at a CAGR of 5.6% from 2024-2030. The animal growth promoters and performance enhancers are the products used in animal feed to promote growth, improve feed efficiency, enhance nutrition utilization, and boost overall animal performance. Animal growth boosters are used to increase livestock production and raise the quality and output of goods obtained from animals, such as milk, meat, and eggs. These growth promoters may include various feed additives, vitamins, hormones, antibiotics, probiotics, prebiotics, enzymes, and other chemicals.
The market has witnessed significant growth in recent years, majorly driven by the increasing meat consumption. According to the Global Meat & Poultry report recently released by Packaged Facts, worldwide meat consumption is expected to increase 1.4% per year through 2023, while consumption in the US is expected to increase less than 1% per year through 2023 and according to world resources institutes, the demand for animal-based foods is projected to grow by 70 percent by 2050. This creates motivation to increase the growth of market in the forecasting years.
However, stringent regulations regarding the use of antibiotics and hormones in animal feed and high cost of animal growth hormones limits the market growth. The market offers significant opportunities for players to develop innovative and sustainable solutions and form partnerships to meet the evolving needs of the animal industry. For instance, in order to construct a cutting-edge premix and young animal nutrition manufacturing plant in Hasselt, the Netherlands, in September 2021, Cargill Animal Nutrition announces its intention to form a strategic collaboration with the family-owned animal nutrition company Fuite from the Netherlands.
Study Period
2024-2030Base Year
2023CAGR
5.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The demand for animal protein, such as meat, eggs, and dairy products, has grown as a result of the expanding world population and rising disposable incomes. The Food and Agriculture Organisation of the United Nations (FAO) predicts that by 2050, food demand will have increased by 60% and between 2010 and 2050, animal protein production will increase by about 1.7% annually, with meat production expected to increase by nearly 70%, aquaculture by 90%, and dairy by 55%. The FAO predicts that by 2050, food demand will have increased by 60%. In order to fulfill the increasing demand for protein, this increases the need for better animal growth and performance, which eventually fuels the growth of the animal growth promoters and performance enhancers market. Additionally, animal growth promoters and performance boosters aid in enhancing feed efficiency, which refers to an animal's capacity to convert food into weight gain. Utilizing feed efficiently guarantees sustained animal output, lowers feed costs, and higher farmer profitability. As a result, the market for animal growth promoters and performance enhancers is expected to develop due to the growing need for food efficiency and the emphasis on animal health and welfare.
The North American animal growth promoters and performance enhancers market is expected to dominate in the forecasting period primarily due to the rising demand for meat and dairy product. According to Statista, Poultry became the most widely eaten form of meat in the world in 2021 with an estimated consumption of 132.3 million tonnes. Moreover, favourable Government regulations in countries like US and Canada majorly contribute to the growth of the market.
Europe has a well-established animal production industry and strict regulations on the use of growth promoters and performance enhancers. Thus, the European market is driven by the increasing consumer demand for organic and naturally produced animal products. Countries such as Germany, France, and the United Kingdom are key players in the European market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 14,603.8 million |
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Market CAGR |
5.6% |
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By Product Type |
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By Animal Type |
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Animal growth promoters and performance enhancers market was valued at US$ 14,603.8 Million in 2023 and is anticipated to grow at a CAGR of 5.6% over 2024-2030.
Growing demand for natural animal feed products, development o novel ingredients and formulations and expansion of emerging market are some of the key opportunities for the companies to enhance their revenue over the forecast years.
Shifting focus towards alternatives to antibiotics and hormones, increasing use of feed enzymes and probiotics for improved digestion and gut health are some of the major trends in the animal growth promoters and performance enhancers market.
Arm & Hammer Animal Nutrition, Evonik, Kemin, BASF SE, Novus International, DSM, Chr. Hansen A/S, Danisco Animal Nutrition & Health, Cargill Inc., Bayer AG, Vetoquinol group, Merck Sharp & Dohme Corp., Bupo Animal Health (Pty) Ltd., Boehringer Ingelheim International GmbH., ERBER AG, Alltech, Zoetis, Novozymes, Protexin, BENEO are some of the key market players.
| 1.Executive Summary |
| 2.Global Animal Growth Promoters And Performance Enhancers Market Introduction |
| 2.1.Global Animal Growth Promoters And Performance Enhancers Market - Taxonomy |
| 2.2.Global Animal Growth Promoters And Performance Enhancers Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Animal Type |
| 2.2.3.Region |
| 3.Global Animal Growth Promoters And Performance Enhancers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Animal Growth Promoters And Performance Enhancers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Animal Growth Promoters And Performance Enhancers Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Antibiotic Growth Promoters |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-Antibiotic Growth Promoters |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Animal Growth Promoters And Performance Enhancers Market By Animal Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Poultry |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Swine |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Livestock |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Aquaculture |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Animal Growth Promoters And Performance Enhancers Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Animal Growth Promoters And Performance Enhancers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Antibiotic Growth Promoters |
| 8.1.2.Non-Antibiotic Growth Promoters |
| 8.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Poultry |
| 8.2.2.Swine |
| 8.2.3.Livestock |
| 8.2.4.Aquaculture |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Animal Growth Promoters And Performance Enhancers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Antibiotic Growth Promoters |
| 9.1.2.Non-Antibiotic Growth Promoters |
| 9.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Poultry |
| 9.2.2.Swine |
| 9.2.3.Livestock |
| 9.2.4.Aquaculture |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Animal Growth Promoters And Performance Enhancers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Antibiotic Growth Promoters |
| 10.1.2.Non-Antibiotic Growth Promoters |
| 10.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Poultry |
| 10.2.2.Swine |
| 10.2.3.Livestock |
| 10.2.4.Aquaculture |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Animal Growth Promoters And Performance Enhancers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Antibiotic Growth Promoters |
| 11.1.2.Non-Antibiotic Growth Promoters |
| 11.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Poultry |
| 11.2.2.Swine |
| 11.2.3.Livestock |
| 11.2.4.Aquaculture |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Animal Growth Promoters And Performance Enhancers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Antibiotic Growth Promoters |
| 12.1.2.Non-Antibiotic Growth Promoters |
| 12.2. Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Poultry |
| 12.2.2.Swine |
| 12.2.3.Livestock |
| 12.2.4.Aquaculture |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Arm & Hammer Animal Nutrition |
| 13.2.2.Evonik |
| 13.2.3.Kemin |
| 13.2.4.BASF SE |
| 13.2.5.Novus International |
| 13.2.6.DSM |
| 13.2.7.Hansen A/S |
| 13.2.8.Danisco Animal Nutrition & Health |
| 13.2.9.Cargill Inc. |
| 13.2.10.Bayer AG |
| 13.2.11.Vetoquinol group, |
| 13.2.12.Merck Sharp & Dohme Corp. |
| 13.2.13.Bupo Animal Health (Pty) Ltd. |
| 13.2.14.Boehringer Ingelheim International GmbH. |
| 13.2.15.ERBER AG |
| 13.2.16.Zoetis |
| 13.2.17.Novozymes |
| 13.2.18.Protexin |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.
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