Global Animal Intestinal Health Market Overview
The key driver impacting the animal intestinal health market is the rapidly rising consumption and production of meat across the globe. For instance, Global meat demand is mounting, as meat production has more than tripled in the past 50 years. Each year world produces over 340 million tonnes of meat. According to the Food and Agriculture Organization (FAO), Meat consumption will augment from 233 million tonnes in 2000 to a potential 300 million tonnes by 2020. Worldwide, pigmeat is the most popular meat, but poultry production is escalating most rapidly. Global demand for pig meat will boost up by 45%, poultry meat by 85%, beef by 80% by the year 2020. South Asia shows a noteworthy scale in demand for poultry meat, as it is increased by 725% overall. This is driven by India's expanding market, where a surprising 850% boost is estimated in thirty years (i.e., from 1.05 to 9.92 million tonnes annually). The world meat economy has been propelled both by the rapid growth in the international poultry industry and China's pig sector. This will create a massive need for enhancing animal intestinal health to provide the best quality meat to the consumers. Moreover, the growing incidences of intestinal disorders among livestock species contribute to the high demand for Animal intestinal health products in the coming years. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global animal intestinal health market size was valued at around USD 3200 million in 2020 and is estimated to grow at a CAGR of about 8.0% during the forecast period 2021 to 2027.
The high need for animal protein in human diets is estimated to augment animal intestinal health needs in the forecast period. For instance, As stated by the NCBI report, the universal demand for animal-derived protein will double by 2050, raising concerns for food sustainability and security. Seafood consumption is rising in many areas of the World, mainly in the coastal population. Aquaculture provides almost 50% of all fish consumed around the world today. By 2030, it is expected that aquaculture would be the primary source of fish due to high demand from consumers and quick exhaustion of wild capture fisheries. However, stringent regulations about using different feed additives may hamper the market in the long run. Also, the high prices associated with feed additives used for intestinal health are negatively impacting the market. The current industry trends, such as the growing awareness about feed and food safety, lead to more demand for natural growth promoters (NGPs), and speedy innovations and technological advancements in the feed industry are likely to provide market players with new market opportunities.
The Animal intestinal health market is vast, with many local and global players. The Animal intestinal health market is extensive, with many international and regional players. The key market leaders follow various strategies to advance their market statuses, such as amalgamation, extending product portfolio, contracts, product upgrades, and acquisitions, to enlarge their market share across the globe. For instance, in October 2020, Dr. Eckel Animal Nutrition introduced the phytogenic feed additive Anta Phyt. It is made to support healthy microflora in the digestive tract of animals, and it also positively impacts the performance parameters, such as feed conversion and daily weight gain. The significant players studied in the report Koninklijke DSM N.V, Archer Daniels Midland Company, Kemin Industries, Inc., DuPont, Cargill, Incorporated, Novozymes, Nutreco N.V., Chr. Hansen Holding A/S, Bluestar Adisseo Co Ltd., Alltech, Evonik Industries, Lallemand, Inc., Biorigin, AB Vista, Land O'Lakes, Lesaffre, Calpis Co., Ltd, Unique Biotech, Pure Cultures, and Dr. Eckel Animal Nutrition GmbH & Co. KG.
In this research report, the Animal intestinal health market is segmented by additive, livestock, form, and region.
Analysis by Additive:
By additive, the report is categorized into probiotics, prebiotics, phytogenics, and immunostimulants. Probiotics dominate the additive segment with over 20% share in 2020. It is due to a large pool of products available in the market and livestock breeders and well informed by the advantages of adding probiotics to the diets of animals, such as higher productivity and immunity, enhanced feed intake, and improved intestinal health. Moreover, it maintains sound digestive systems in livestock species, contributes to the high demand for probiotics in the forecast period.
Analysis by Livestock:
By Livestock, the report is segmented into ruminant, poultry, swine, aquaculture, and other livestock (equine and pet). The poultry dominates the livestock segment with a 30% share in 2020. It is due to the rapid growth in poultry meat production globally and the production of poultry feed products. Moreover, there is a considerable increase in demand for poultry products and Broilers, layers, and turkeys, and they are majorly domesticated to produce eggs and meat products for high commercial consumption contributing to increased market demand in the forecast period.
Analysis by Form:
By form, the report is categorized into dry and liquid. The dry segment dominates the form segment with a 55% share in 2020. It is due to the high preference for the dry form of animal intestinal health products. Moreover, the dry products have a longer shelf-life and are more cost-effective when compared with their liquid counterparts, thus contribute to the enormous demand for animal intestinal health products in the forecast period.
Analysis by Region:
In the regional outlook of the global Animal intestinal health market, the Asia Pacific region dominates globally with a 25% market share in the forecast period. It is due to the increase in demand for high-quality meat products in rapidly developing nations like China, India, and South Korea. The growing trend of consuming western diets in various countries of Asia Pacific leads to more demand for better quality meat which necessitates enhancing the overall health and productivity of livestock species. Moreover, the growing population and rise in disposable income contribute to its growth across the Asia Pacific.
Market Segmentation covered in the Report:
- Other poultry species (game birds and duck)
- Dairy cattle
- Beef cattle
- Other ruminant species (goats and sheep)
- Other livestock (equine and pet)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.