Learn about the global animal growth promoters and performance enhancers market through The Business Research Company, which provides information on animal growth promoters and performance enhancers market size, animal growth promoters and performance enhancers market drivers and restraints, animal growth promoters and performance enhancers market players, the COVID-19 impact on the animal growth promoters and performance enhancers market, and more.

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The global animal growth promoters and performance enhancers market is expected to grow from $12.41 billion in 2020 to $13.43 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.28 billion in 2025 at a CAGR of 8%.

The growing demand for meat is expected to drive innovation in animal growth promoters and performance enhancers manufacturing, thus driving the market during the forecast period.

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The animal growth promoters and performance enhancers market consists of sales of animal growth promoters and performance enhancers by entities (organizations, sole traders and partnerships) that manufacture animal growth promoters and performance enhancers. Animal growth promoters and performance enhancers help in the safety of animals from various microbial diseases and also help them to develop into strong and healthy adults. Only goods and services traded between entities or sold to end consumers are included.

Global animal growth promoters and performance enhancers market segments include:

By Type: Antibiotic Growth Promoters, Non-Antibiotic Growth Promoters

By Animal Type: Poultry, Swine, Livestock, Aquaculture, Other Animals

By Nature of Chemicals: Microbial Products, Prebiotics and Probiotics, Yeast Products, Enzymes/Herbs, Oils and Spices

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the animal growth promoters and performance enhancers market are increasingly investing in phytogenics for higher efficiency of growth promoters through natural means. Phytogenics, sometimes also referred to as botanicals or phytobiotics, are plant-based feed additives utilized in animal nutrition. They are derived from herbs, spices, and extracts. Phytochemicals can be used in solid, dried, and ground form or as extracts, and also can be classified as essential oils and oleoresins depending on the process used to derive the active ingredients. The use of phytogenics promotes increased feed intake, improved gut function, prevention of diarrhea, and antimicrobial and antioxidative effects in livestock.

TBRC’s animal growth promoters and performance enhancers market report covers:

Major Market Players: Merck Animal Health, Cargill, Royal DSM N.V., Vetoquinol S.A., Bupo Animal Health, Elanco Animal Health Inc., Alltech, Bayer Animal Health, Zoetis, and Bioniche Life Sciences.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Animal Growth Promoters And Performance Enhancers Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides animal growth promoters and performance enhancers market overviews, analyses and forecasts market size, share, animal growth promoters and performance enhancers market players, animal growth promoters and performance enhancers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s animal growth promoters and performance enhancers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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