According to FutureWise analysis the market for Animal Growth Promoters and Performance Enhancers in 2023 is US$ 22.67 billion, and is expected to reach US$ 35.91 billion by 2031 at a CAGR of 5.90%.
Animal growth promoters and performance enhancers are substances or techniques used in animal agriculture to improve livestock animals' growth, development, and overall performance. These products are designed to increase the efficiency of animal production, leading to higher yields of meat, milk, and other animal products. They aim to maximize the economic output of livestock farming operations while meeting the demands of a growing global population for animal-derived products. Using growth promoters and performance enhancers in animal agriculture has sparked discussions and close examination due to apprehensions regarding their potential effects on animal well-being, human health, and the natural ecosystem. These products can include various compounds, such as antibiotics, hormones, probiotics, prebiotics, enzymes, and other feed additives, each with specific mechanisms of action and intended benefits.
Bambermycin is an antibiotic that belongs to the group of chemicals known as ionophores. It is primarily used as a feed additive in animal agriculture, particularly in poultry and swine production. Bambermycin is used as a growth promoter and performance enhancer to improve feed efficiency and increase weight gain in animals. The primary mechanism of action of bambermycin is its ability to alter the balance of microorganisms in the digestive tract of animals, particularly in the rumen of ruminant animals like cattle and sheep. It helps control certain bacteria populations, leading to improved digestion and nutrient utilization. This, in turn, results in better feed conversion efficiency, where animals can convert their feed into body weight more effectively.
FutureWise Market Research has published a report that provides an insightful analysis animal growth promoters and performance enhancers market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, animal growth promoters and performance enhancers market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.