Future Growth Forecast For The Animal Intestinal Health Global Market 2024-2033
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The animal intestinal health market has experienced rapid growth, expanding from $3.69 billion in 2023 to an estimated $4.11 billion in 2024, showcasing a remarkable compound annual growth rate (CAGR) of 11.4%. This surge can be attributed to several factors in the historic period, including antibiotic reduction initiatives, increased demand for animal protein, advancements in probiotics research, regulatory support for healthier alternatives, rising consumer awareness, and a heightened focus on animal welfare.
Rapid Growth Anticipated: A Look into the Future
The animal intestinal health market is poised for continued rapid growth, with expectations to reach $6.3 billion by 2028 at a CAGR of 11.2%. The forecasted expansion is fueled by global population growth, heightened protein demand, ongoing research and innovation in probiotics, enhanced regulatory support, and advancements in microbiome science. Key trends in the forecast period include the adoption of antibiotic alternatives, technology integration for monitoring, innovations in animal nutrition, and the rise of telehealth and monitoring, offering customized nutrition solutions.
Intestinal Disorders Propel Market Growth
The increasing incidence of intestinal disorders among livestock is a pivotal factor driving the growth of the animal intestinal health market. These disorders significantly impact gastrointestinal functionality in animals, crucial for sustainable animal production and performance. Animal intestinal health products, such as probiotics and eubiotics, play a vital role in enhancing enzymatic activity, improving food digestibility, and boosting immunity. This proactive approach helps prevent a spectrum of intestinal disorders, including anthrax, subclinical parasitism, functional dyspepsia, and hemorrhagic bowel syndrome.
Livestock Health Statistics: A Concern
- According to the official website of the UK government (gov.UK), the percentage of procedures related to animal diseases and disorders increased to 48% in 2021.
- Livestock worldwide are facing a surge in intestinal disorders, emphasizing the need for effective solutions.
Key Players Steering the Market
Major companies contributing to the growth of the animal intestinal health market include Koninklijke DSM N.V., Archer-Daniels-Midland Company, Kemin Industries Inc., and Cargill Incorporated, among others. These companies are at the forefront of developing solutions to address the rising demand for enhanced animal intestinal health.
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Innovations in Product Offerings
- Active Microbial Solutions:Companies are focusing on innovative products, such as active microbial solutions, to drive market revenues.
- ENTEROSURE by Kemin Industries:Launched in June 2022, this product addresses gut health issues, enhances animal productivity, and prevents the growth of harmful bacteria in poultry and cattle.
Strategic Acquisitions: Cargill and Delacon Biotechnik
In a strategic move, Cargill Inc., a US-based company in the food and agriculture sectors, acquired Delacon Biotechnik GmbH in June 2022. This undisclosed amount acquisition enhances Cargill’s potential for breakthroughs in animal nutrition. Delacon Biotechnik GmbH, based in Austria, specializes in natural feed additives for animal nutrition.
Unlocking Global Potential in Animal Nutrition
- Global Access to Phytogenic Feed Additives:Cargill’s acquisition of Delacon Biotechnik expands the accessibility of phytogenic feed additives globally.
- Advancements in Animal Nutrition:This strategic move allows Cargill to broaden its line of animal nutrition products, capitalizing on Delacon’s expertise in phytogenic feed additives.
Market Segmentation and Regional Dominance
The animal intestinal health market is segmented based on product type, source, form, and livestock. In 2023, Asia-Pacific emerged as the largest region in the market, holding a significant share.
Market Segmentation:
- By Product:
- Phytogenics
- Probiotics
- Immunostimulants
- Prebiotics
- By Source:
- Microbial
- Plant-Based
- By Form:
- Dry
- Liquid
- By Livestock:
- Poultry
- Swine
- Ruminant
- Aquaculture
Regional Dominance: Asia-Pacific Leads
- In 2023, Asia-Pacific dominated the animal intestinal health market share.
- The region’s leadership position is indicative of the increasing focus on animal health and the demand for effective intestinal health solutions.
In conclusion, the animal intestinal health market is witnessing unprecedented growth driven by a surge in intestinal disorders among livestock. As major players innovate and strategically expand their reach, the market is poised for continued advancement, emphasizing the importance of holistic approaches to animal health and nutrition.
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