The global Animal Growth Promoter market was valued at 905.51 Million USD in 2021 and will grow with a CAGR of 4.74% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.

By Market Verdors:

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

By Types:

Antibiotic

Prebiotics and Probiotics

Feed Enzymes

By Applications:

Livestock

Aquaculture

Poultry

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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