Selbyville, DE -- (SBWire) -- 03/08/2019 --Market Study Report, LLC, post a thorough analysis of the 'Animal Growth Promoter market', has developed a comprehensive report emphasizing every vital aspect of the business vertical. The study has collectively presented refined data characterized by market valuation, SWOT analysis, market participants, regional segmentation, and revenue forecasts, enabling stakeholders to make logical business decisions.
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.
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A run-through of the competitive landscape:
The Animal Growth Promoter market report enlists the competitive scenario of this business vertical, that encompasses firms such as 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 and Chr.Hansen.
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.
Global Animal Growth Promoter market size will increase to 12000 Million US$ by 2025, from 8430 Million US$ in 2018, at a CAGR of 4.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Animal Growth Promoter.
Unleashing the geographical penetration:
- The Animal Growth Promoter market report intricately reviews the regional expansion of this industry, fragmented into United States, China, Europe, Japan, Southeast Asia & India.
- The revenue & market share accrued by each region has been listed in the report, along with the growth rate forecasts and sales volume.
- The current stance held by these regions in this business space in addition to the prospects that every region has in Animal Growth Promoter market over the forecast duration have been enumerated.
A detailed overview of the Animal Growth Promoter market segmentation:
- The report analyzes the Animal Growth Promoter market on the basis of the product landscape, classified into Antibiotic, Prebiotics and Probiotics, Feed Enzymes and Others.
- Specifics regarding the revenue accrued by each product in collaboration with the volume share have been provided.
- The market share amassed by each product in Animal Growth Promoter market has been precisely detailed.
- The study also unveils the application landscape of this business sphere, fragmented into Livestock, Aquaculture, Poultry and Other.
- The report incorporates the revenue that each application segment generates, along with the market share and volume of that particular application.
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The Animal Growth Promoter market study covers noteworthy details regarding the factors influencing the industry, impact of technological progressions on the vertical, risks, as well as substitute related threats faced by market players. Furthermore, the report details about the transition in customer preferences and consumers needs in consort with the impact of the shifting trends of the environmental, economic, and political scenario on the Animal Growth Promoter market.
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Animal Growth Promoter Market Focusing on Terminological Growth: Cargill Animal Health, Royal DSM N.V., Elanco Animal Health, Zoetis, Inc., Alltech
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.