Animal Growth Promoters and Performance Enhancers Market - By Product (Non-Antibiotic {Probiotic, Prebiotic, Organic Acid, Phytogenic, Feed Enzyme, Hormonal}, Antibiotic), Animal (Poultry, Swine, Livestock, Aquatic), Global Forecast, 2023-2032

Animal Growth Promoters and Performance Enhancers Market Size

Animal Growth Promoters and Performance Enhancers Market size was valued at around USD 13.9 billion in 2022 and is anticipated to grow at a CAGR of over 5.8% between 2023 and 2032. Animal growth promoters and performance enhancers are defined as substances that aid in animal growth by assisting in the efficient and effective digestion of the animal's food, allowing the animal to grow into a healthy and powerful adult. Animal growth promoters protects animals from infectious diseases, accelerate growth rates, and boost animal’s productivity. Antibiotic and non-antibiotic growth promoters are the two primary categories of animal growth boosters.
 

The livestock and poultry industry uses animal growth promoters and performance enhancers to improve meat production through increased feed conversion, growth rate promotion and disease prevention. Antibiotics can be used successfully at sub-therapeutic doses in poultry production to promote growth. Demand for antibiotics and other veterinary drugs such as growth and performance enhancers are also driven by the prevalence of animal diseases and the need for preventive care. This demand is expanding across various industries including such as poultry probiotic ingredients, animal feed probiotics, antibiotic growth promoters, and non-antibiotic growth promoters.

COVID-19 Impact

The COVID-19 pandemic has had a negative impact on the animal growth promoters and performance enhancers market. COVID-19 has adversely affected the supply chain of animal growth promoters and performance enhancers due to reduced demand for livestock. The decline in the production capacity and production of veterinary medicine has led to product unavailability and difficulties in the supply chain, which have negatively affected the growth of the market in 2020-2021. In addition, the animal growth promoter and performance enhancers market is threatened by strict government regulations, such as bans on importing raw materials from China.
 

Animal Growth Promoters and Performance Enhancers Market Trends

Growing apprehension regarding animal epidemics and awareness concerning animal health are touted to positively on the global market. Rising awareness about the benefits of animal growth promoters and performance enhancers will multiply their demand in the future. Rising meat consumption across the globe is another factor fostering the growth of the animal growth promoters and performance enhancers industry. With the changing lifestyle, the demand for frozen meat and frozen meat products has risen and this in turn has induced growth in the demand for animal growth promoters and performance enhancers.
 

Animal Growth Promoters and Performance Enhancers Market Restraint

Some countries have imposed strict regulations on the use of animal antibiotics and antimicrobials as a performance enhancer include U.S. and Europe. Which limits the growth potential of this market. High cost of nutritional products, nutritional additives, growth promoters or performance enhancers also pose a threat to the growth rate of the market.
 

Animal Growth Promoters and Performance Enhancers Market Analysis

Based on product, the market is segmented as non-antibiotic promoters and antibiotic growth Promoters. The non-antibiotic promoters segment held a majority market value of USD 10.7 billion in 2022 because of their economic benefits, wide range of products with applications in different production animals, sustainability of ecosystem, and increasing regulations on usage of antibiotics and hormones.
 

The non-antibiotic promoters segment further divided into probiotic and prebiotic growth promoters, organic acid growth promoters, phytogenic growth promoters, feed enzyme growth promoters, hormonal growth promoters, and others. Probiotic & prebiotic growth promoters segment accounted for the largest market share of animal growth promoters and performance enhancers market in 2022. This is mainly due to their safety, natural performance-enhancing properties, and high nutritional values. Also, it positively alters the gut microbiota, reduce pathogen shedding and disease symptoms, increases gut immunity, and improve disease resistance and health.

Based on animal type, the market is segmented as poultry, swine, livestock, aquatic animals, and other animals. The poultry segment held a dominant market share of around 41.5% in 2022 and is expected to grow at a significant pace during the analysis period. This is because the increasing demand for poultry meat and eggs worldwide and new dietary design techniques introduced in poultry contributing to the development of alternative growth promotion strategies.

Animal growth promoters and performance enhancers market was dominated by the North America region with majority of business share and a revenue of USD 5.6 billion in 2022. The large share of this market was due to the implementation of cutting-edge animal husbandry techniques and the rising demand for premium meat and dairy products. Furthermore, the presence of significant competitors in this region, including Cargill, Zoetis, and Elanco, is anticipated to fuel market expansion. For instance, in 2020 as per the report published by the food and agriculture organization of united state (FAO), the U.S. is the world’s largest poultry meat producer, with 17% of global output, followed by China and Brazil. Such factor is expected to proliferate the market growth.
 

Animal Growth Promoters and Performance Enhancers Market Share

Some of the major market players operating in the animal growth promoters and performance enhancers market are

• Elanco Animal Health Incorporated
• Merck Animal Health
• Zoetis Inc.
• Bioniche Animal Health
• Bupo Animal Health
• DSM
• Bayer Animal Health
• Biomin Holding Gmbh
• Boehringer Ingelheim
• Cargill Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Animal Growth Promoters and Performance Enhancers Industry News:

• In August 2021, Cargill, Incorporated launched a new feed additive named "Promote." The product is designed to improve the gut health of poultry and is expected to enhance the company's product portfolio in the global market.
   
• In 2020, Evonik Industries AG launched a new product named "Ecobiol," which is a probiotic designed to improve the gut health of livestock. The launch of this product strengthened the company's position in the animal growth promoters and performance enhancers industry.
   

The animal growth promoters and performance enhancers market research report include an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments:

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By Product

• Non-antibiotic promoters
• Probiotic and prebiotic growth promoters
• Organic acid growth promoters
• Phytogenic growth promoters
• Feed Enzyme growth promoters
• Hormonal growth promoters
• Others non-antibiotic promoters

• Antibiotic growth promoters

By Animal Type

• Poultry
• Swine
• Livestock
• Aquatic animals
• Other animals

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA