The Worldwide Animal Growth Promoters and Performance Enhancers Industry is Projected to Reach $22.1 Billion by 2030: With Rise in Growth Opportunities the Market is set to Witness new Entrants

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Global Market for Animal Growth Promoters and Performance Enhancers

Global Market for Animal Growth Promoters and Performance Enhancers
Global Market for Animal Growth Promoters and Performance Enhancers

Dublin, Feb. 09, 2023 (GLOBE NEWSWIRE) -- The "Animal Growth Promoters and Performance Enhancers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Animal Growth Promoters and Performance Enhancers estimated at US$15.7 Billion in the year 2022, is projected to reach a revised size of US$22.1 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030.

Non-Antibiotic, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$16.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Antibiotic segment is readjusted to a revised 3.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 4% CAGR

The Animal Growth Promoters and Performance Enhancers market in the U.S. is estimated at US$4.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2030 trailing a CAGR of 4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 14 Featured) -

  • AB Vista

  • Alltech, Inc.

  • Bayer Animal Health GmbH

  • Biomin Holding GmbH

  • Boehringer Ingelheim International GmbH

  • Bupo Animal Health

  • Cargill, Inc.

  • Chr. Hansen Holding A/S

  • Elanco Animal Health

  • Merck Animal Health

  • Novus International, Inc.

  • Royal DSM NV

  • Vetoquinol S.A.

  • Zoetis, Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Metrics:

Report Attribute

Details

No. of Pages

182

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$15.7 Billion

Forecasted Market Value (USD) by 2030

$22.1 Billion

Compound Annual Growth Rate

4.4%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Animal Growth Promoters & Performance Enhancers: An Insight

  • Animal Growth Promoters & Performance Enhancers - Global Key Competitors Percentage Market Share in 2022 (E)

  • Global Probiotics in Animal Feed Market: Percentage Breakdown of Volume Sales by Leading Players

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increased Demand for Meat and Meat Products Drives the Market

  • Stringent Regulatory Framework for Using Antibiotics as Growth Promoter Hinders the Market Growth

  • Growing Awareness about Benefits of Using Animal Growth Promoters & Performance Enhancers Propels the Market

  • China: Leading the Asia-Pacific Market

  • Microbial Products as Growth Promoters Gains Traction from Livestock Farming

  • Rising Production of Products from Livestock and Poultry Classes Attract Huge Demand for Animal Growth Promoters & Performance Enhancers

  • R&D for Developing Natural Growth Promoters & Performance Enhancers: A Major Opportunity

  • With Rise in Growth Opportunities, the Market Set to Witness New Entrants

  • PRODUCT OVERVIEW

  • Animal Growth Promoters & Performance Enhancers: An Introduction

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ad94b1-growth?w=12

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