Lewes, DE -- (SBWIRE) -- 10/05/2018 -- Animal Growth Promoter Market will register a 4.4% CAGR in terms of revenue, reach US$ 10900 million by 2023, from US$ 8430 million in 2017.

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.

Over the next five years, Study projects that Animal Growth Promoter will register a 4.4% CAGR in terms of revenue, reach US$ 10900 million by 2023, from US$ 8430 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
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

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Antibiotic
Prebiotics and Probiotics
Feed Enzymes
Others

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Livestock
Aquaculture
Poultry
Other

Spanning over 145 pages "Forecast of Global Animal Growth Promoter Players Market 2023" report covers Animal Growth Promoter Market Overview, Global Animal Growth Promoter Sales, Revenue (Value) and Market Share by Players, Global Animal Growth Promoter Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Animal Growth Promoter Sales, Revenue and Price, Europe Top 5 Players Animal Growth Promoter Sales, Revenue and Price, Asia-Pacific Top 5 Players Animal Growth Promoter Sales, Revenue and Price, South America Top 5 Players Animal Growth Promoter Sales, Revenue and Price, Middle East & Africa Top 5 Players Animal Growth Promoter Sales, Revenue and Price, Global Animal Growth Promoter Players Profiles/Analysis, Global Animal Growth Promoter Market Forecast (2018-2023), Animal Growth Promoter Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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