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Probiotics, by additive, is estimated to hold the largest market share during the forecast period
The market for animal intestinal health, by additive, has been segmented into probiotics, prebiotics, phytogenics, and immunostimulants. Probiotics account for the largest market during the forecast period owing to the large pool of products available in the market. Livestock breeders are well aware of the benefits of adding probiotics to the diets of animals, such as higher productivity, better feed intake, higher immunity, and better intestinal health. Compared to plant-based sources, microbial sources are relatively cost-effective, which also makes it a preferred option among livestock breeders.
Poultry, by livestock, is estimated to hold the largest share in the animal intestinal health market during the forecast period
The poultry segment accounts for the largest share and is also projected to grow at the fastest rate during the forecast period. There has been a significant increase in demand for poultry meat and other byproducts across the globe. The most effective way of achieving higher production among poultry species is by bettering the intestinal health of these livestock species. With better gut health, the feed intake, metabolism, reproductive health, and performance becomes better due to which the market for animal intestinal health products such as probiotics and phytogenics, among others is growing.
Microbial, by source, is estimated to account for the largest market share during the forecast period
Microbial sources account for the largest market size during the forecast period, owing to larger pool of products available which are sourced from bacteria, fungi, algae, and yeast. Microbial sources are used in the manufacture of products such as probiotics and immunostimulants. The market for microbial-based products is well-established, while that of plant-based sources such as phytogenics and certain prebiotics is still growing. Amino acids are considered an ideal chelator due to their ability to be easily absorbed in the animal body.
Dry, by form, is estimated to account for the largest market share during the forecast period
The dry form of animal intestinal health products is highly preferred among livestock breeders as it is easier to mix with compound feed. It is also known to have longer shelf-life and is known to have lower costs incurred while transporting from one location to another. Furthermore, the liquid form of intestinal health products have specified ratios when mixed with feed and the lack of awareness among the livestock breeders would make it difficult to prepare the solutions. These factors propel the growth of the dry form of animal intestinal health products.
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Asia Pacific is estimated to hold the largest market share during the forecast period
Asia Pacific accounted for the largest share during the forecast period due to the growing demand for meat and meat products in developing and developing countries such as China, India, and South Korea. The USDA is of the view that factors such as increasing disposable income, increase in population, and rapid urbanization have significantly aided in the growth of the market in this region. With the westernization of diets in the various countries in Asia Pacific, the demand for better quality meat has been growing which calls for the need to improve the overall health and productivity of livestock species which further drives the growth of the animal intestinal health market.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the animal intestinal health market. It consists of the profiles of leading companies such Cargill, Incorporated (US), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (US), DuPont (US), Novozymes (Denmark), Kemin Industries, Inc. (US), Nutreco N.V (Netherlands), Chr. Hansen Holding A/S (Denmark), Bluestar Adisseo (China), Alltech (US), Evonik Industries (Germany), Lallemand Inc. (Canada), Biorigin (Brazil), AB Vista (UK), Land O Lakes (US), Lesaffre (France) Calpis Co., Ltd (Japan), Unique Biotech (India), Dr. Eckel Animal Nutrition (Germany), and Pure Cultures (US)
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