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Animal Intestinal Health Market 2024 - By Analysis, Industry Trends, Growth And Forecast To 2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 al
Animal Intestinal Health Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $207.07 billion In 2028 At A CAGR Of 6.0% :
The animal intestinal health market size has grown rapidly in recent years. It will grow from $3.69 billion in 2023 to $4.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to antibiotic reduction initiatives, increasing demand for animal protein, advancements in probiotics research, regulatory support for healthier alternatives, rising consumer awareness, increased focus on animal welfare, demand for organic and natural products.
The animal intestinal health market size is expected to see rapid growth in the next few years. It will grow to $6.3 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to global population growth and protein demand, research and innovation in probiotics, enhanced regulatory support, advancements in microbiome science, expansion of applications in aquaculture. Major trends in the forecast period include antibiotic alternatives, integration of technology in monitoring, technological innovations in animal nutrition, telehealth and monitoring, customized nutrition solutions.
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Animal Intestinal Health Market Major Segments
The animal intestinal health market covered in this report is segmented -
1) By Product: Phytogenics, Probiotics, Immunostimulants, Prebiotics
2) By Source: Microbial, Plant-Based
3) By Form: Dry, Liquid
4) By Livestock: Poultry, Swine, Ruminant, Aquaculture
Key Driver - The Surge In Animal Intestinal Health Market Fueled By Rising Incidence Of Intestinal Disorders In Livestock
The increasing intestinal disorder among livestock is expected to boost the animal intestinal health market going forward. Intestinal disorders in animals refer to diseases that affect gastrointestinal functionality in animals essential for sustainable animal production and determining animal performance. Animal intestinal health products such as probiotics and eubiotics products are used to increase enzymatic activity in the gastrointestinal tract of animals to improve food digestibility and immunity by modulating the immune system that prevents intestinal disorders such as anthrax, subclinical parasitism, functional dyspepsia, hemorrhagic bowel syndrome, and other diseases. For instance, in June 2022, according to gov.UK, the official website of the UK government, in 2021, the percentage of procedures related to animal diseases and disorders has increased to 48%. Therefore, the increasing intestinal disorders among livestock across the world are driving the growth of the animal intestinal health market .
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Prominent Trend - Chr Hansen's Breakthrough Bovacillus Probiotic Technology Revolutionizes Animal Intestinal Health Market
Product innovations are emerging as the key trend gaining popularity in the animal intestinal health market. Major companies operating in the market are developing advanced and innovative products to strengthen their position in the market. For instance, in May 2021, CHR Hansen, a Denmark-based animal health and bioscience company, introduced Bovacillus, a technology-proven probiotic product to use in feed applications to support dairy and beef cattle health and performance. Bovacillus is a versatile probiotic formed through two strains of different species of Bacilli - Bacillus licheniformis and Bacillus subtilis isolated from nature that is capable of surviving in harsh conditions of feed production, preparation and within the gastrointestinal tract. It can be used in remixes, mineral mix, mash feed, milk replacers, and others.
Animal Intestinal Health Market Players
Major companies operating in the animal intestinal health market report are Koninklijke DSM N.V., Archer-Daniels-Midland Company, Kemin Industries Inc., E. I. du Pont de Nemours and Company, Cargill Incorporated, Novozymes A/S, Nutreco N.V., Chr. Hansen Holding A/S, Bluestar Adisseo Company, Dr. Eckel Animal Nutrition GmbH & Co. KG, Alltech Inc., Evonik Industries AG, Lallemand Animal Nutrition, Biorigin, AB Vista, Land O'Lakes Inc., Lesaffre, Unique Biotech, Pure Cultures LLC, Agrihealth, Arm & Hammer Animal and Food Production, BENEO GmbH, Delacon Biotechnik Ges.m.b.H., Pancosma SA, Phytobiotics Futterzusatzstoffe GmbH, Vetpharma Animal Health S.L., Vetoquinol S.A., Virbac Corporation, Wacker Chemie AG, Zoetis Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the animal intestinal health market share in 2023. The regions covered in the animal intestinal health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Animal Intestinal Health Market Report Structure
3. Animal Intestinal Health Market Trends And Strategies
4. Animal Intestinal Health Market - Macro Economic Scenario
5. Animal Intestinal Health Market Size And Growth
…..
27. Animal Intestinal Health Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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