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


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 AttributeDetails
No. of Pages182
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$15.7 Billion
Forecasted Market Value (USD) by 2030$22.1 Billion
Compound Annual Growth Rate4.4%
Regions CoveredGlobal

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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Global Market for Animal Growth Promoters and Performance Enhancers

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