The global animal growth promoter industry has an estimated market valuation of USD 7,965.75 million by 2024 and is projected to grow at a CAGR of 5.9% to reach a market valuation of USD 14,131.4 million by 2034.
The influence of phytogenic additives on animal health is extensively documented, with multiple studies emphasizing their advantages in augmenting digestive health, enhancing feed efficiency, and mitigating stress. Essential oils obtained from thyme and oregano, such as thymol, and carvacrol are known to have antimicrobial properties that promote gut health by suppressing harmful bacteria. The benefits of phytogenic additives for stress reduction, feed efficiency, and digestive health have been extensively researched, and their impact on animal health is well established.
Furthermore, phytogenic have been shown to improve nutrient digestibility and feed conversion ratios (FCR), two factors that influence livestock growth and weight gain. The Journal of Animal Science and Biotechnology published an analysis that showed that the inclusion of essential oils and herbal extracts in swine and poultry dietary patterns enhanced FCR by 5-8%. Such a benefit decreases the quantity of feed needed while increasing growth, thus saving money for manufacturers.
Key Takeaways from the Global Animal Growth Promoter Market Study:
- The market is moving away from antibiotics owing to regulatory restrictions and consumer concerns about antibiotic resistance. Natural alternative such as probiotics and phytogenic, are becoming more popular as safe and effective solutions.
- Advancements in encapsulation and delivery technologies are improving the stability and effectiveness of growth promoters, leading to increased adoption rates among producers.
- There’s a strong emphasis on sustainability, as growth promoters that improve feed efficiency and reduce environmental impact align well with the industry’s environmental goals.
“Manufacturers are swiftly investing in animals specific solutions embracing advanced technology and leverage the acquisition or partnerships, boosting their efficacy in aiding animal health and promote growth”, – says Nandini Roy Choudhury, Client Partner at Future Market Insights
Who is winning?
The competitive dynamics in the Animal Growth Promoter sector are fuelled by innovation, partnerships, and digitalization, with market players constantly adapting to shifting client demands. Companies are employing technology to provide value-added services with digital technologies. Such platforms enable farmers to manage the aquaculture processes in real-time, optimize the use of feeds to achieve maximum production, and realize higher productivity. This enhances client relations and broadens the competitive market by creating unique selling points.
- Royal DSM successfully acquired Midori USA Inc. in 2021 and plans to expand its eubiotic offerings. Eubiotics, which include probiotics, prebiotics, and organic acids, are essential for gut health and natural growth. This acquisition is consistent with DSM’s strategy of offering sustainable alternatives to antibiotics and meeting regulatory standards in major markets such as North America and Europe.
- In June 2021, Novozymes unveiled its new growth promoterProAct360, a protease-based enzyme technology specifically designed for poultry. ProAct 360 enhances feed efficiency, making it more cost-effective while promoting sustainability by reducing environmental impact. It optimizes protein digestibility, which not only helps lower feed costs but also minimizes nitrogen excretion, aligning with sustainability goals.
Some of these leaders of the Global Animal Growth Promoter market include Zoetis Inc., Elanco Animal Health, Cargill, Inc., Royal DSM N.V., Bayer Animal Health GmbH, Nutreco N.V., Alltech Inc., ADM Animal Nutrition, Evonik Industries AG, Kemin Industries, Novozymes A/S, Phibro Animal Health, Land O’Lakes, Inc., BIOMIN GmbH, DuPont (Danisco Animal Nutrition), Zoopan S.A., Azelis Holding S.A., BASF SE, Novus International Inc., and Merck Animal Health, among others.
Get valuable insights into the Global Animal Growth Promoter Market:
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Animal Growth Promoter Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034.
The study categorizes valuable insights on the Global Animal Growth Promoter Industry based on Product Type, Animal Type, Functionality, Sales Channel, and Region. As per product type, the industry has been categorized into Antibiotic-Based Promoters, Hormonal Promoters, Enzyme-Based Promoters, Probiotics and Prebiotics, Organic Acids, Phytogenic (Plant-Based) Additives, and Others. As per functionality, the industry is categorized Growth Enhancement, Feed Efficiency Improvement, Disease Prevention and Immunity Boost, Nutrient Absorption Optimization, and Digestive Health Support. As per animal type, the industry is categorized into Poultry, Swine, Cattle, Aquaculture, Others (Sheep, Goats, and Horses). As per the sales channel, the market is categorized into Direct Sales, Indirect Sales (Veterinary Clinics, Pharmacies, Online Retailers, and Specialty Stores). The study consists of the following regions- North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and Middle East & Africa.
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