Animal Growth Promoters And Performance Enhancers Market Size, Share, Growth Analysis, By Type (Antibiotic Growth Promoters Hormonal Growth Promoter, Beta-Agonist Growth Promoter), By Nature of Chemicals (Microbial Products, Prebiotics and Probiotics), By Region - Industry Forecast 2025-2032

Animal Growth Promoters And Performance Enhancers Market size was valued at USD 13.99 billion in 2023 and is poised to grow from USD 14.79 billion in 2024 to USD 23.04 billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).

The animal growth promoters and performance enhancers market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key animal growth promoters and performance enhancers market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Cargill, Incorporated (United States) ', 'Royal DSM N.V. (Netherlands) ', 'Elanco Animal Health Incorporated (United States) ', 'Boehringer Ingelheim Group (Germany) ', 'Merck & Co., Inc. (United States) ', 'Alltech Corporation (United States) ', 'Archer Daniels Midland Company (ADM) (United States) ', 'Vetoquinol S.A. (France) ', 'Bupo Animal Health Pty Ltd (South Africa) ', 'Novus International, Inc. (United States) ', 'Associated British Foods plc (United Kingdom) ', 'Phibro Animal Health Corporation (United States) ', 'Kemin Industries, Inc. (United States) ', 'Zoetis Inc. (United States) ', 'Nutreco N.V. (Netherlands) ', 'Novozymes A/S (Denmark) ', 'BASF SE (Germany) ', 'Evonik Industries AG (Germany) ', 'Bluestar Adisseo Company (China) ', 'Chr. Hansen Holding A/S (Denmark)'

Some of the beneficial approaches are being implemented to reduce the frequency of infections in farm animals in order to reduce the overuse of antibiotics. The popularity of organic dairy farms is rising in nations including the UK, Norway, and Sweden. To make sure that animals are independent of their moms nutritionally, immunologically, and psychologically, good weaning procedures are also being developed.

Growing concerns about animal epidemics and increased knowledge of animal health are said to have a favorable effect on the global market. Over the next six years, it is projected that strict rules, such as those restricting the use of antibiotics as growth promoters, would present difficulties for a few regional markets. Consumer ignorance of animal growth promoters and performance boosters could hinder industry expansion. The animal growth promoters and performance enhancers market participants are assured of a wealth of prospects by R&D investments in the development of natural growth promoters and performance enhancers. Animal growth promoters and performance enhancers that are new, secure, and better expand the prospects available to industry participants. In developing regions like Asia Pacific, where legislation and guidelines governing animal growth promoters & growth enhancers are more lenient, there should be plenty of room for market expansion.

By region, Asia Pacific held the biggest market share for animal growth promoters and performance boosters throughout the forecast period. In 2021, the Asia Pacific region held the highest market share, followed by North America. The Asia Pacific region has a large share, which can be attributed to its robust animal products industry, large population, which increases domestic meat demand, relatively lax regulatory environment, and government initiatives to support animal producers.