Animal Growth Promoters are feed additives that used to help increase the efficiency of animal production by increasing weight gain and product output. Animal Growth promoters can be classified into four groups; those that increase growth and also increase feed consumption, those that increase growth without altering feed consumption, those that do not alter growth but decrease feed consumption (generally referred to as the feed consumption ratio; FCR=kg feed consumed/kg body weight), and those that increase growth and decrease feed consumption.
Animal growth promoters are defined as the chemicals and drugs that help animals in growing faster by digesting their food more effectively, getting maximum benefit out of it and allowing the animals to develop into strong and healthy adults. These chemicals also protect the animal from various types of microbial diseases. Animal growth promoters market can be differentiated on the basis of different type of animal growth promoters and on the basis of animal classes. Depending on the nature and use of chemicals, various types of animal growth promoter are available on the market, including Antibiotics, Probiotics and Prebiotics, Feed Enzymes, Organic acid, Essential Oil Compounds and etc.
Antibiotic growth promoters still capture the major revenue share of the animal growth promoters market, while considering consumption volume, Prebiotics and Probiotics segment is leading the market, taking about one third of total market sales. In recent years, Eubiotics like organic acid, phytogenic and essential oil compounds are seeing a rapid growing trend, which is considered to be alternatives to Antibiotic Growth Promoters in Animal Feed Industry.
Depending on downstream animal classes, the animal growth promoter market has been differentiated into following categories: Livestock, Aquaculture, Poultry and Others. Livestock and poultry are the dominating classes of animals which are provided with animal growth promoters. Increase in the yield of the products such as eggs, wool and milk, which are originated from these animals is the major reason which is driving the animal growth promoters market among livestock and poultry classes. Additionally, the increasing demand of meat worldwide is the other major factor which will propel the animal growth promoters market in the future. Animal growth promoters help the animal in gaining weight and fat, which results in more meat production and expensive selling of animal.
According to this study, over the next five years the Animal Growth Promoter market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 10900 million by 2024, from US$ 8430 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Animal Growth Promoter business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Animal Growth Promoter market by product type, application, key manufacturers and key regions and countries.
This study considers the Animal Growth Promoter value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Antibiotic
Prebiotics and Probiotics
Feed Enzymes
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Livestock
Aquaculture
Poultry
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Cargill Animal Health
Royal DSM N.V.
Elanco Animal Health
Zoetis, Inc.
Alltech, Inc.
Bayer Animal Health
Kemin
Yiduoli
DuPont (Danisco)
Novozymes
Merck Animal Health
Biomin
Novus International, Inc.
BASF SE
Chr.Hansen
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Animal Growth Promoter consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Animal Growth Promoter market by identifying its various subsegments.
Focuses on the key global Animal Growth Promoter manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Animal Growth Promoter with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Animal Growth Promoter submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Animal Growth Promoter . Industry analysis & Market Report on Animal Growth Promoter is a syndicated market report, published as Global Animal Growth Promoter Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Animal Growth Promoter market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.