The 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.
Animal intestinal health nutrients, such as probiotics, prebiotics, phytogenics, and immunostimulants, play an important role as an alternative to antibiotic growth promoters that are used in feed products, which supports the gut immune system in livestock. Thus, feed producers are using nutrients, such as probiotics, which help in enhancing the microbial stability in the intestinal tract in livestock.
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.
Innovations have been a key focus area in the feed industry, particularly for additives, wherein regulatory bodies, such as the European Food Safety Authority (EFSA) and Food and Drug Administration (FDA), are constantly engaged in research and identification of sustainable feed additives.
Key players in this market include 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).
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