How Will The Animal Intestinal Health Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s animal intestinal health market report forecasts the animal intestinal health market size to grow to $5.32 Billion by 2027, with a CAGR (compound annual growth rate) of almost 10%.
Learn More On The Animal Intestinal Health Market Report 2023 – https://www.thebusinessresearchcompany.com/report/animal-intestinal-health-global-market-report
Animal Intestinal Health Market Size Forecast
The global animal intestinal health market is expected to grow from $3.31 billion in 2022 to $3.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The animal intestinal health market size is expected to grow to $5.32 billion in 2027 at a CAGR of 9.9%.
Asia-Pacific held the largest animal intestinal health market share.
Key Animal Intestinal Health Market Driver – Increase In The Intestinal Disorders Among Livestock
For instance, in 2020, according to a research article published by Frontiers Media, a Switzerland-based scientific journal publisher company, stated that Functional gastrointestinal disorders (FGID) Including functional dyspepsia (FD) and irritable bowel syndrome (IBS) are some of the high prevalence, intestinal disease in animals occurring in 10–30% of the general population. Therefore, the increasing intestinal disorders among livestock across the world are driving the growth of the animal intestinal health market.
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Key Animal Intestinal Health Market Trend – Product Innovations
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 Segment
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
Animal Intestinal Health Market Major Players and Strategies
Major players in the animal intestinal health market are Koninklijke DSM NV, Archer-Daniels-Midland Company, Kemin Industries, DuPont de Nemours Inc., Cargill Incorporated, Novozymes A/S, Nutreco Corporate, Chr Hansen Holding A/S, Bluestar Adisseo Co., Dr Eckel Animal Nutrition GmbH & Co KG, Alltech, Evonik Industries AG, Lallemand Animal Nutrition, Biorigin, AB Vista, Land O’Lakes Inc., Lesaffre, Unique Biotech, Pure Cultures, Agrihealth, Arm & Hammer Animal Nutrition, BENEO GmbH, Delacon Biotechnik Ges.m.b.H., Pancosma SA, and Phytobiotics Futterzusatzstoffe GmbH.
In August 2020, Elanco Animal Health Inc. a US-based pharmaceutical and animal nutrition company acquired Bayer Animal Health for a deal of $6.89 billion. The acquisition aims to expand Elanco’s leadership across the globe for the long term in the attractive, durable animal health industry. Bayer Animal Health is a Germany-based animal health organization operating in the animal intestinal health market.
The Animal Intestinal Health Global Market Report 2023 covers regional data on animal intestinal health market size, animal intestinal health market trends and drivers, opportunities, strategies, and animal intestinal health market competitor analysis. The countries covered in the animal intestinal health market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Animal intestinal health is described as a steady state where the microbiome and the intestinal tract are in symbiotic equilibrium and where intestinal dysfunction does not limit the animal’s welfare or performance.
View More Reports Related To The Animal Intestinal Health Market –
Probiotics In Animal Feed Global Market Report 2023
Animal Growth Promoters And Performance Enhancers Global Market Report 2023
Farm Animal Healthcare Global Market Report 2023
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