The global animal intestinal health market size is estimated to be valued USD 3.1 billion in 2020 and is expected to reach a value of USD 4.6 billion by 2025, growing at a CAGR of 8.0% during the forecast period. It is estimated to account for 700.0 KT in 2020 and is projected to account for 1,000.3 KT in 2025, growing at a CAGR of 7.4% during the forecast period.
Factors such as an increase in the consumption of feed and feed additives, steady growth in the market for meat and meat products, a shift toward natural growth promoters, is driving to the growth of the animal intestinal health market.
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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.
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Key players are Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (US), Kemin Industries, Inc.(US), DuPont (US), Cargill, Incorporated (US), Novozymes (Denmark), Nutreco N.V. (Netherlands), Chr. Hansen Holding A/S (Denmark), Bluestar Adisseo Co Ltd. (China), and 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), Pure Cultures (US), and Dr. Eckel Animal Nutrition GmbH & Co. KG (Germany).
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