Global Animal Growth Promoter Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Probiotics, Prebiotics, Phytogenics, Acidifiers, and Others.

By Animal Type;

Ruminants, Poultry, Swine, Aquaculture, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn151120518 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Animal Growth Promoter Market (USD Million), 2020 - 2030

In the year 2023, the Global Animal Growth Promoter Market was valued at USD 17,985.97 million. The size of this market is expected to increase to USD 27,044.25 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

Global animal growth promoter market is witnessing significant growth due to the rising demand for meat and dairy products, coupled with the increasing focus on animal health and productivity. Growth promoters are substances used to enhance the growth and productivity of animals, primarily in the livestock industry. These substances promote weight gain, improve feed efficiency, and enhance overall animal health, thereby contributing to higher yields and profitability for farmers and producers.

The market is driven by various factors, including the growing population and rising disposable incomes, particularly in emerging economies. This has led to increased consumption of meat and dairy products, driving the demand for animal growth promoters. Additionally, advancements in animal husbandry practices and a greater focus on animal nutrition and welfare are further propelling market growth. However, concerns regarding the use of growth promoters, such as antibiotic resistance and consumer awareness about food safety, are challenges that the market faces.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Animal Type
    3. Market Snapshot, By Region
  4. Global Animal Growth Promoter Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Meat and Dairy Products
        2. Advancements in Animal Husbandry Practices
        3. Focus on Animal Nutrition and Welfare
        4. Rising Livestock Production Costs
      2. Restraints
        1. Antibiotic Resistance Concerns
        2. Stringent Regulations
        3. Increasing Consumer Awareness
        4. Alternative Growth Promotion Strategies
      3. Opportunities
        1. Rising Demand for Natural and Organic Products
        2. Emerging Markets
        3. Technological Advancements
        4. Focus on Sustainable Farming Practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Animal Growth Promoter Market, By Type, 2020 - 2030 (USD Million)
      1. Probiotics
      2. Prebiotics
      3. Phytogenics
      4. Acidifiers
      5. Others
    2. Global Animal Growth Promoter Market, By Animal Type, 2020 - 2030 (USD Million)
      1. Ruminants
      2. Poultry
      3. Swine
      4. Aquaculture
      5. Others
    3. Global Animal Growth Promoter Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cargill Inc.
      2. DSM
      3. Elanco Animal Health Inc.
      4. Zoetis Inc.
      5. DuPont de Nemours Inc.
      6. Alltech Inc.
      7. Novozymes A/S
  7. Analyst Views
  8. Future Outlook of the Market

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