The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Poultry Healthcare Global Market Report 2024, the poultry healthcare market is expected to show promising growth in the forecast period.

The poultry healthcare market, witnessing rapid growth, is poised to reach new heights with an anticipated compound annual growth rate (CAGR) of 11.0% from $7.67 billion in 2023 to $8.51 billion in 2024. The surge in the historic period is attributed to disease outbreaks, escalating poultry production, globalization of poultry trade, and regulatory compliance.

Rising Poultry Disease Outbreaks Fuel Growth

The increasing prevalence of disease outbreaks in poultry animals is a key driver for the robust growth of the poultry healthcare market. A notable example is the high pathogenicity avian influenza (HPAI) reported in more than 40 countries, leading to a surge in cases. The rising incidents, with 16,000 cases reported in October alone, underscore the urgent need for effective healthcare solutions in the poultry industry.

• Global Disease Outbreaks:Over 40 countries reported various subtypes of HPAI, indicating a widespread challenge.
• Market Drivers:Disease outbreaks contribute significantly to the growth of the poultry healthcare market.
• Key Players:Major companies contributing to the market include Ceva Polchem Pvt. Ltd., Zoetis Inc., Venky’s Ltd., and more.

Innovative Healthcare Products Drive Competitive Advantage

Major market players are actively engaged in developing innovative healthcare products to secure a competitive edge. Advanced animal wound care products, such as Axio Solutions’ SureKlot, offer groundbreaking solutions for faster healing in poultry and other animals. This trend signifies a shift towards advanced, effective, and humane healthcare practices.

• Innovative Solutions:Companies focus on developing advanced wound care products to enhance healing in animals.
• Market Advantage:Innovations contribute to strengthening market positions for major players.
• Case Study:Axio Solutions’ SureKlot – an advanced range of wound care products launched in March 2021.

Wilbur-Ellis Nutrition Acquires F. L. Emmert

In a strategic move, Wilbur-Ellis Nutrition, a prominent US-based company in animal nutrition and feed industries, acquired F. L. Emmert in July 2022. This acquisition aligns with Wilbur-Ellis Nutrition’s core business objectives and fortifies its position in pet, livestock, and aquaculture solutions. F. L. Emmert’s specialization in high-performance ingredients for pet and livestock feeds adds value to Wilbur-Ellis Nutrition’s portfolio.

• Strategic Acquisition:Wilbur-Ellis Nutrition’s acquisition of F. L. Emmert aligns with its core business priorities.
• Business Enhancement:The acquisition enhances Wilbur-Ellis Nutrition’s capabilities in pet, livestock, and aquaculture solutions.
• Market Segmentation:The poultry healthcare market is segmented by product, test, and application.

View More On The Poultry Healthcare Market Report 2024 – https://www.thebusinessresearchcompany.com/report/poultry-healthcare-global-market-report

Forecast and Future Trends

Looking ahead, the poultry healthcare market is poised for rapid expansion, with a projected CAGR of 10.2%, reaching $12.55 billion in 2028. The forecasted growth is attributed to factors like rising global poultry consumption, a focus on preventive healthcare, environmental concerns, integration of digital technologies, increasing consumer awareness, and demand. Key trends in the forecast period include technological integration, biosecurity measures, customized nutrition programs, global collaboration for disease surveillance, digital health records, and market consolidation.

• Forecasted Growth:The market is expected to reach $12.55 billion in 2028 with a CAGR of 10.2%.
• Driving Factors:Rising global poultry consumption, preventive healthcare, environmental concerns, and technological integration.
• Major Trends:Biosecurity measures, customized nutrition programs, global collaboration, digital health records, and market consolidation.

Regional Dynamics

In 2023, North America dominated the poultry healthcare market, with Asia-Pacific projected to be the fastest-growing region in the forecast period. These regional dynamics indicate a global market shift, with Asia-Pacific emerging as a significant player in the poultry healthcare landscape.

• North America’s Dominance:In 2023, North America held the largest share in the poultry healthcare market.
• Asia-Pacific Growth:Asia-Pacific is expected to experience the highest growth rate in the forecast period.

In conclusion, the poultry healthcare market’s remarkable growth is fueled by various factors, including disease outbreaks, innovative healthcare solutions, strategic acquisitions, and global market dynamics. As the industry continues to evolve, stakeholders must adapt to emerging trends and technological advancements to secure a sustainable future in this dynamic market.

Request A Sample Of The Global Poultry Healthcare Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=5734&type=smp