Animal Growth Promoters & Performance Enhancers Market to Reach USD 26.55 Billion by 2030, Growing at a 6.10% CAGR from USD 17

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Animal Growth Promoters & Performance Enhancers Market Overviews

Animal Growth Promoters & Performance Enhancers Market size was valued at USD 17.54 Bn. in 2023 and the total AAnimal Growth Promoters & Performance Enhancers Market size is expected to grow at a CAGR of 6.10% from 2024 to 2030, reaching nearly USD 26.55 Bn. by 2030.

Animal health products are chemicals and drugs that improve animal growth. Growth promoters stimulate better food digestion and speed up animal development, hence increasing efficiency. The market for animal growth promoters and performance enhancers is primarily driven by the following factors: an increase in the world population has led to an increase in the consumption of animals, a rise in the use of animal-based food products for human beings, increases in demand for natural growth promoters worldwide, outbreaks of animal diseases and ecological change during the forecast period, it is expected that the animal growth promoters and performance enhancers market will not grow due to prohibitions of antibiotics in various countries as well as strict rules regulating their application for increasing the speed of weight gain in livestock.

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Animal Growth Promoters & Performance Enhancers Market Scope and Methodology:

To reduce the use of antibiotics efforts are being made to introduce several other positive alternatives to minimize the incidence of diseases in farm animals. Organic dairy farms are being established, and efforts are being made for their promotion in countries like the UK, Norway, and Sweden. Animals are being properly weaned so that they are independent of their mothers nutritionally, immunologically, and psychologically.

Animal Growth Promoters & Performance Enhancers Market Regional Insights

The Asia Pacific will account for the largest market share with an increase in revenue. The main reason is the high demand for animal growth promoters and performance enhancers with respect to the requirements of food production quantity. Further, the growing population is increasing food production and is eventually promoting the use of growth promoters and performance enhancers. In terms of global meat consumption, Japan follows China as the second-largest importer, with a substantial rate of both.

Animal Growth Promoters & Performance Enhancers Market Segmentation

Based on Animal Type: The animal type segment includes poultry, Swine, livestock, Aquaculture and others. The poultry segment dominated the market, holding a share of around 35% in 2023. The business of poultry is performed under the usage of non-antibiotic feed additives mainly during the growing phase. It provides essential maintenance of standards to the poultry industry and aids in the improvement of productions while maintaining food safety and the standard and quality of the industry.

Animal Growth Promoters & Performance Enhancers Market Key Players

BASF SE Georgia-Pacific (U.S.)
Chr. Hansen Holding A/S
Cargill
DuPont
Vetoquinol Group
Bayer AG
Novus International
Merck Sharp
Boehringer Ingelheim International GmbH
Bupo Animal Health Ltd
Alltech

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Key questions answered in the Animal Growth Promoters & Performance Enhancers Market are:

What is Animal Growth Promoters & Performance Enhancers ?
What was the Animal Growth Promoters & Performance Enhancers market size in 2023?
What is the growth rate of the Animal Growth Promoters & Performance Enhancers Market?
Which are the factors expected to drive the Animal Growth Promoters & Performance Enhancers market growth?
What are the different segments of the Animal Growth Promoters & Performance Enhancers Market?
What growth strategies are the players considering to increase their presence in Animal Growth Promoters & Performance Enhancers ?
What are the upcoming industry applications and trends for the Animal Growth Promoters & Performance Enhancers Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Animal Growth Promoters & Performance Enhancers Market?
Who are the leading companies and what are their portfolios in Animal Growth Promoters & Performance Enhancers Market?
What segments are covered in the Animal Growth Promoters & Performance Enhancers Market?
Who are the key players in the Animal Growth Promoters & Performance Enhancers market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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