June 2023
16 Aug 2024
The global animal growth promoters and performance enhancers market surpassed USD 14.82 billion in 2023 and is projected to attain around USD 26.11 billion by 2033, poised to grow at a CAGR of 5.83% during the forecast period. Meat consumption has increased due to changing dietary patterns, urbanization, and the world's growing population. Livestock production needs to be improved to fulfill this rising demand. The increased output of meat is supported by animal growth promoters and performance enhancers, essential for increasing feed efficiency, promoting weight gain, and shortening production cycles.
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The market for animal growth promoters and performance enhancers deals with the manufacturing and distributing of goods intended to raise livestock and poultry industry standards for animal growth rate, feed efficiency, and overall performance. These items comprise a variety of additives that are added to animal feed or given directly to encourage quicker growth, higher weight gain, and better feed utilization. These additives include organic acids, phytogenics, probiotics, antibiotics, prebiotics, and enzymes.
For six priority diseases, the World Organization for Animal Health (WOAH) offers a structure that allows its members to voluntarily seek the formal acknowledgment of an animal's health status. Due to its ability to enable regional and worldwide trade in animals and their products, this recognition is essential for maintaining national livestock economies.
In 2024, five countries obtained official recognition for their animal health status:
Animal Growth Promoters and Performance Enhancers Market Trends
Economic pressures on livestock producers are driving the market
The demand for meat, dairy, and other animal products is increasing due to rising worldwide incomes and population growth. To meet this demand, livestock producers must increase the productivity and efficiency of their operations. To meet customer expectations and market demands, growth promoters and performance enhancers assist animals in reaching market weight more quickly and producing higher-quality goods. Problems with livestock health can result in lower productivity and greater veterinary expenses.
Adding ingredients that promote animal health, lower the incidence of sickness, and raise general well-being is a common practice for performance enhancers. These solutions assist companies in preventing losses and sustaining steady production levels by minimizing health issues. This drives the growth of the animal growth promoters and performance enhancers market.
Government initiatives take for agriculture sector
North America prioritizes efficient livestock production because of its expanding population and rising need for food security. Growth boosters are essential for guaranteeing sufficient meat and dairy products to satisfy domestic and global demand. Animal growth boosters are allowed if they adhere to safety and efficacy regulations throughout North America, especially in the US and Canada. The regulatory support has made broad use of these products possible.
The use of safe and natural growth promoters, such as probiotics and prebiotics, is becoming more and more critical in the region due to the increased focus on sustainable farming worldwide. Due to regulatory demands and worries about antibiotic resistance, these antibiotic substitutes are becoming increasingly well-liked. Players in the animal health sector, both domestic and international, are paying close attention to the Asia-Pacific market. Businesses are devoting resources to research and development to launch novel goods specifically designed to meet the demands of the livestock industry in the area.
Enhanced animal health and welfare to offer multiple opportunities
Concerns over animals' well-being in the food supply chain are growing among modern consumers. This shift in customer preferences drives the demand for goods that guarantee improved living circumstances for livestock. To comply with rules and fulfill customer expectations, producers are being pushed to embrace sophisticated health and performance solutions by governments and regulatory agencies enforcing tougher animal welfare requirements.
Improved health and well-being result in reduced mortality rates, which benefit producers financially and create a steadier supply of animal products. As animal welfare practices advance, producers can increase their market reach and opportunities by entering new markets that demand greater standards of animal care. This opens an opportunity for the growth of the animal growth promoters and performance enhancers market.
| Report Attribute | Key Statistics |
| Market Revenue in 2024 | USD 15.68 Billion |
| Market Revenue by 2033 | USD 26.11 Billion |
| CAGR | 5.83% |
| Quantitative Units | Revenue in USD million/billion, Volume in units |
| Largest Market | North America |
| Base Year | 2023 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market Segmentation
By Product
By Animal Type
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