Animal Growth Promoters and Performance Enhancers Market Size

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.

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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.