Animal intestinal health market to grow by USD 1.587 billion from 2022 to 2027; Asia to account for 35% of market growth - Technavio

NEW YORK, Sept. 5, 2023 /PRNewswire/ -- The animal intestinal health market size is expected to grow by USD 1.587 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 8.08% during the forecast period, according to Technavio Research. The market is segmented by Type (Probiotics, Phytogenics, Prebiotics, and Immunostimulants), source (plant-based and microbial), and Geography (Asia, North America, Europe, and Rest of World (ROW)). Asia is estimated to contribute 35% to the growth of the global market during the forecast period. Moreover, the rise in the production and consumption of meat and dairy products in Asia is expected to increase the livestock population in the region. Thus, the animal feed required for the healthy maintenance of livestock is expected to expand the market's growth during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report

Company Profile:

AB Agri Ltd., Agrihealth Ltd., Alltech Inc., Anco Animal Nutrition Competence, Archer Daniels Midland Co., Arm and Hammer Animal and Food, Beneo GmbH, Bluestar Adisseo Co., Cargill Inc., Chr Hansen Holding AS, Dr. Eckel Animal Nutrition, Evonik Industries AG, International Flavors and Fragrances, Kemin Industries Inc., Land O Lakes Inc., Lesaffre and Cie, Novozymes AS, Nutreco NV, Unique Biotech Ltd., and Koninklijke DSM NV

• AB Agri Ltd. - The company offers animal intestinal health products such as Axcelera C, and VistaPre-T.
• To gain access to more vendor profiles available with Technavio, buy the report! 

Animal Intestinal Health Market: Segmentation Analysis

• Based on type, the probiotics segment will be the largest segment in terms of market growth during the forecast period. The growth of this segment is primarily attributed to factors such as the benefits offered by probiotics. One such benefit includes an increase in animal growth, immunological response, nutrient digestibility and absorption, gut microbiota composition, and meat quality. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

Animal Intestinal Health Market: Driver & Trend:

The growing awareness among consumers about the benefits of consuming animal protein, such as better bone health, immunity, and reduced protein deficiencies drives the animal intestinal health market. Improving gut health, which can improve the health of the herd or flock is a major focus for the vendors that offer dietary supplements to farmers. Furthermore, owing to increased awareness among farmers and animal producers, there has been a rise in demand for animal intestinal health supplements. Hence, such factors boost the growth of the animal intestinal health market during the forecast period.

Developing natural growth promoters (NGPs) and performance enhancers is an emerging market trend influencing the growth of the animal intestinal health market. Furthermore, antibiotic growth promoters (AGPs) and non-antibiotics are the two main types of animal growth promoters. Strategic alliances among market vendors are a key trend in the tyrosine kinase inhibitors market. Identify key trends, drivers, and challenges in the market. Download to gain access to this information.

Related Reports:

• The animal feed market size is estimated to grow at a CAGR of 5.34% between 2022 and 2027. The market size is forecast to increase by USD 146.56 billion.
• The Algae-based Animal Feed and Ingredients market size is projected to increase by USD 928.69 million and the market size is estimated to grow at a CAGR of 6.07% between 2022 and 2027. 

What are the key data covered in this animal intestinal health market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the animal intestinal health market between 2022 and 2027.
• Precise estimation of the animal intestinal health market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the animal intestinal health market across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of animal intestinal health market vendors.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Source

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio