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Animal Growth Promoters and Performance Enhancers Market by Animal (Poultry, Porcine, Livestock, Equine, Others), by Product (Hormonal Growth Promoters, Antibiotic Growth Promoters, Feed Enzyme Growth Promoters, Organic acid Growth Promoters), by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Animal Growth Promoters and Performance Enhancers Market size was valued at USD 14.3 USD billion in 2023 and is projected to reach USD 20.43 USD billion by 2032, exhibiting a CAGR of 5.23 % during the forecast period. Animal feed is a supplementary additive used in animal farming to increase the animals’ growth rate and feed conversion rate. There are growth promoters that are treated as antibiotics, hormone-stimulating agents, and others that change the metabolism or gut flora of the animal. Feed specialties are also categorized under performance enhancers including vitamins, minerals, and specialized feed ingredients to boost performance and or disease resistance or fertility. About the classification of these substances, they are categorized into natural and synthetic substances where natural substances can be extracted from plants or microbes while synthetic substances can be built chemically. Their uses vary from increasing the quality and quantity of meats and increasing lactation and egg production. However, they are restricted because of health issues and the possible existence of chemical traces in foods of animal origin.
Animal Growth Promoters and Performance Enhancers Trends
By Animal
By Product
By Distribution Channel
The Asia-Pacific region is expected to witness the highest growth rate over the forecast period.
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.23% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.23% from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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