Animal Growth Promoter Market Size (2024 - 2029)

The Animal Growth Promoter Market is projected to experience significant expansion over the forecast period, driven by the increasing demand for meat and the rise of industrialized livestock production. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and affected production capacities, the market is poised for growth. Factors such as the ban on antibiotics in various regions, heightened awareness of food safety, and the adoption of probiotics are contributing to the market's expansion. Additionally, advancements in digitalization and automation are enhancing the development of growth promoters, further supporting the market's growth trajectory.

Market Size of Animal Growth Promoter Industry

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animal growth promoters market
Study Period 2019 - 2029
Market Size (2024) USD 20.80 Billion
Market Size (2029) USD 26.93 Billion
CAGR (2024 - 2029) 5.30 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific

Major Players

animal growth enhancers market

*Disclaimer: Major Players sorted in no particular order

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Animal Growth Promoters Market Analysis

The Animal Growth Promoter Market size is estimated at USD 20.80 billion in 2024, and is expected to reach USD 26.93 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

COVID-19 exerted a negative impact on the supply chain in the animal growth promoter market. The target industry faced challenges in managing the interrupted demand and supply of components. Unpredictable and disturbing supply chain activities and the unavailability of human resources impacted the growth of the global animal growth promotor industry. The product unavailability and impeded supply chains resulted from a reduction in veterinary pharmaceutical production capacity and output, resulting in a negative influence on market growth between 2020 and 2021.

Livestock production across all countries and animal groups has been expanding to support the needs of the changing diet patterns of the populations, particularly in the developing markets. Although the livestock sector in the global market, especially in Asia-Pacific, is increasingly becoming industrial, many farmers remain small and marginal in countries like India and China. The rise in global meat production due to the increasing demand is expected to be the major factor driving the growth of the Global Animal Growth Promoter Market over the forecast period. Moreover, an increased level of intensive and industrialized livestock production is further expected to drive the growth promoter market by substantiating a higher level of livestock production.

Food safety has become a paramount issue for many governments across the world, especially in North America and Europe. Animals often stand in their own waste and are under constant stress, which affects their immune system, making them prone to infections. High awareness, the growing demand for animal nutrition, and the ban of antibiotics in many regions are prompting players in the livestock industry and meat manufacturers to use probiotics. This scenario is anticipated to drive the growth promoter market around the globe. Digitalization and automation are supporting the value-added growth promoter development in regions such as North America and Europe. The development of AI, robotics, blockchain, and Big Data in the field is also fueling the market's revenue during the study period.

Animal Growth Promoters Industry Segmentation

Growth promoters are important in animal nutrition as they improve the quality of feed, thus improving the animal's health and overall efficiency. The animal growth promoter market is segmented by type (probiotics, prebiotics, phytogenics, acidifiers, and other types), animal type (ruminant, poultry, swine, aquaculture, and other animal types), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecast in value (USD million) for the above-mentioned segments.

Type
Probiotics
Prebiotics
Phytogenics
Acidifiers
Other Types
Animal Type
Ruminant
Poultry
Swine
Aquaculture
Other Animal Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa
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Animal Growth Promoter Market Size Summary

The animal growth promoters market is poised for significant expansion over the forecast period, driven by the increasing global demand for meat and other animal protein sources. This demand is largely fueled by rising population levels, urbanization, and income growth, particularly in developing regions such as Asia-Pacific. The market is experiencing a shift towards more industrialized and intensive livestock production systems, which are expected to bolster the use of growth promoters to enhance animal performance and growth rates. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions and reduced production capacities, the market is recovering and is anticipated to grow steadily. The adoption of digitalization and automation technologies, along with the growing use of probiotics, is further supporting market growth, particularly in regions like North America and Europe.

Asia-Pacific stands out as the largest and fastest-growing market for animal growth promoters, driven by increased meat consumption and production in countries like China and India. The region's rapid industrialization of livestock production, coupled with a shortage of land and an abundance of labor, is propelling the demand for growth promoters. The market is characterized by a high level of consolidation, with major players such as Cargill Inc., DSM, and Elanco Animal Health Inc. actively investing in product development, expansions, and strategic acquisitions. These companies are focusing on research and development to introduce innovative products that meet the evolving needs of the livestock industry. The ongoing trend towards improved animal nutrition and safety, along with the ban on antibiotics in many regions, is driving the adoption of alternative growth-promoting agents, further propelling the market's growth trajectory.

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Animal Growth Promoter Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Probiotics

      2. 2.1.2 Prebiotics

      3. 2.1.3 Phytogenics

      4. 2.1.4 Acidifiers

      5. 2.1.5 Other Types

    2. 2.2 Animal Type

      1. 2.2.1 Ruminant

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Other Animal Types

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Rest of Africa

Animal Growth Promoter Market Size FAQs

The Animal Growth Promoter Market size is expected to reach USD 20.80 billion in 2024 and grow at a CAGR of 5.30% to reach USD 26.93 billion by 2029.

In 2024, the Animal Growth Promoter Market size is expected to reach USD 20.80 billion.

Animal Growth Promoters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)