IMARC Group's latest research report, titled "Animal Growth Promoters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," provides an extensive analysis of the industry, including global animal growth promoters market forecast. The report also covers competitor and regional analysis and the latest advancements in the global market. 

The global animal growth promoters market size reached US$ 16.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2024-2032.

Animal Growth Promoters Market Overview:

Animal growth promoters (AGPs) are substances used in the livestock industry to improve the growth rate and feed efficiency of animals such as poultry, swine, and cattle. These promoters can be classified into two main categories, including antibiotic and non-antibiotic growth promoters. Antibiotic growth promoters are used to control infectious diseases and improve feed efficiency, while non-antibiotic alternatives include probiotics, prebiotics, enzymes, and organic acids, aiming to enhance gut health and nutrient absorption without contributing to antibiotic resistance. The use of AGPs has been a topic of intense debate due to concerns over antibiotic resistance, which poses a significant public health risk. As bacteria become resistant to antibiotics used in animal farming, the effectiveness of these drugs to treat human diseases diminishes.

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Animal Growth Promoters Market Trends:

The escalating demand for meat and dairy products is driving the global market. This has led to a rise in the adoption of growth promoters to enhance the feed efficiency and growth rate of animals, thereby optimizing the production process to meet the expanding food supply needs. Technological advancements in the field of animal nutrition and health have also played a crucial role in the development and acceptance of growth promoters. Innovations in this sector have led to the creation of more effective and safe growth-promoting agents, including probiotics, prebiotics, organic acids, and hormonal and non-hormonal additives. Furthermore, the increasing awareness and understanding of the importance of animal health and nutrition in the quality of meat and dairy products have driven the adoption of growth promoters.

Competitive Landscape with Key Players:

  • Alltech
  • Bluestar Adisseo Company (China National Bluestar (Group) Co. Ltd.)
  • Kemin Industries Inc.
  • Koninklijke DSM N.V.
  • Novus International Inc.
  • Phibro Animal Health Corporation
  • Vetoquinol SA

Key Market Segmentation:

Types Insights:

  • Phytogenic
  • Probiotics
  • Acidifiers
  • Prebiotics
  • Others

Animal Type Insights:

  • Livestock
  • Aquaculture
  • Poultry
  • Porcine

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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