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Animal Intestinal Health Market Size, Share, Growth, Trends, Analysis, Forecast To 2033
Animal Intestinal Health Market Size
As per the report, 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 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%.
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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 .
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.
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
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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.
Contents of the report:
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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