Animal Growth Promoters and Performance Enhancers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Antibiotic Growth Promoters and Non-Antibiotic Growth Promoters), By Animal Type (Poultry, Swine, Livestock, Aquaculture, and Others), and Region Forecast 2019-2030

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Animal growth promoters and performance enhancers market size was valued at USD 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.

Animal Growth Promoters And Performance Enhancers Market Key Developments

  • In May 2023, Evonik expands the production capacity for probiotics-basesd alternatives, Ecobiol, Fecinor and GutCare in León, Spain, cteates the basics for supplementary growth in gut health solution business.
  • In January 2023, BASF and Cargill expand partnership to develop and market inventive enzyme-based solutions for the animal feed industry.

Animal Growth Promoters And Performance Enhancers Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Animal Growth Promoters and Performance Enhancers Market Dynamics

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.

Animal Growth Promoters And Performance Enhancers Market Segmentation

By Product Type

  • Antibiotic Growth Promoters
  • Non-Antibiotic Growth Promoters

By Animal Type

  • Poultry
  • Swine
  • Livestock
  • Aquaculture
  • Others

Frequently Asked Questions

Animal growth promoters and performance enhancers market was valued at USD 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.

Key Features of the Report

  • The animal growth promoters and performance enhancers market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

 

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 
  • Arm & Hammer Animal Nutrition
  • Evonik
  • Kemin
  • BASF SE
  • Novus International
  • DSM
  • 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
  • Zoetis
  • Novozymes
  • Protexin
  • BENEO 

Adjacent Markets