Animal Growth Promoters And Performance Enhancers Market

The animal growth promoters and performance enhancers market consists of sales of animal growth promoters and performance enhancers by entities (organizations, sole traders and partnerships) that manufacture animal growth promoters and performance enhancers. Animal growth promoters and performance enhancers help in the safety of animals from various microbial diseases and also help them to develop into strong and healthy adults. Only goods and services traded between entities or sold to end consumers are included. The global animal growth promoters and performance enhancers market is expected to decline from $13.05 billion in 2019 to $12.41 billion in 2020 at a compound annual growth rate (CAGR) of -4.89%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $16.09 billion in 2023 at a CAGR of 9.03%.