The Natural Growth Promoters Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Natural Growth Promoters Market is estimated to be USD XX million in 2018 and predicted to rise to USD XX million by 2023 with a CAGR of XX%. The market is segmented by Product (Acidifiers, Synbiotics, Prebiotics, Probiotics, Tannins, Feed Enzymes, Phytogenics, Immune Stimulants, Others), Application (Poultry, Aquaculture, Swine, Ruminants, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Demand for the high quality and low-priced livestock products, favorable alternatives for the antibiotic growth promoters, improved feed efficiency and hygiene, growing awareness for greater poultry health and welfare, reduced environmental impact, lower mortality rates and higher profitability, increase in disposable income and increased funding in the animal healthcare are propelling for the growth of the Global Natural Growth Promoters Market. However, lack of awareness and side-effects by using feed additives are restraining the market growth.
In 2017, Acidifiers have the largest share in terms of revenue while prebiotics is projected to have the fastest growing rate. In application, Poultry has the highest revenue in the global market.
North America is projected to have the largest share in terms of revenue due to the rise in awareness among the consumers, demand for the high-quality livestock products and presence of market leaders companies in this region. Asia-Pacific is expected to have the fastest growing rate with high CAGR owing to the high investments by the government organizations and private companies in the animal healthcare and emerging economies like China and India.
Key players in the Global Natural Growth Promoters Market includes Cargill Animal Health, Bayer Animal Health, Royal DSM N.V., Alltech, Inc., Yiduoli, Elanco Animal Health, Zoetis, Inc., Novozymes, Kemin and DuPont.
Browse through the full report at https://www.marketdataforecast.com/market-reports/natural-growth-promoters-market-6055/ and checkout our recent reports in the at Animal Feed https://www.marketdataforecast.com/subcategory/animal-feed-7/ For more insights and up-to-date industry news don’t forget subscribing to our newsletters.