Product Code: ETC380064 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India animal intestinal health market import shipment experienced a notable decline with a CAGR of -26.8% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by 18.0%, indicating a continued deceleration in market expansion. The trend suggests a significant slowdown in market activity over the specified period.
The market size of animal intestinal health in India is estimated to be USD 272.2 million and is expected to reach a CAGR of 12.1% over the forecast period. The rising demand for pet food due to increased humanization of pets, growing awareness about animal health among farmers and veterinarians, increasing disposable incomes, and rising urban population are some major factors driving the growth of this sector. In addition, technological advancements such as probiotics, feed enzymes, acidifiers etc., have further supported the market growth in India.
The India animal intestinal health market is experiencing robust growth, primarily driven by various factors. One of the key drivers is the rising concern over animal health and the increasing prevalence of gastrointestinal disorders in livestock and companion animals. This has led to a growing demand for intestinal health supplements and products to improve digestion and prevent gastrointestinal ailments.Additionally, the expanding livestock population and the growing awareness among farmers and pet owners about the significance of maintaining gut health are stimulating market growth. The adoption of advanced feed additives and supplements that promote gut health is also becoming more prevalent, further boosting the market.
The animal intestinal health market in India is another growing sector, driven by increasing awareness about animal health and the rising demand for safe and quality animal-derived products. However, the market faces challenges in terms of preventing and managing gastrointestinal disorders in animals. The use of antibiotics as growth promoters in animal feed has been a concern due to the emergence of antibiotic-resistant bacteria. As a result, there is a growing demand for alternatives to antibiotics to maintain gut health and improve the overall well-being of livestock.
The animal intestinal health market in India focuses on products and supplements that promote the well-being of the gastrointestinal tract in livestock and poultry. Maintaining a healthy gut is essential for proper nutrient absorption, disease prevention, and overall animal performance. Probiotics, prebiotics, organic acids, and essential oils are among the key products used to improve intestinal health in animals. The market growth is influenced by factors like increasing concerns over antibiotic resistance, rising demand for naturally-derived additives, and a shift towards sustainable animal husbandry practices.
Prominent players in the India animal intestinal health market are Microbial Health Solutions Pvt. Ltd., GutCare Pharmaceuticals Ltd., Digestive Animal Health Products India, IntestiHealth Solutions Inc., and AnimalGut Wellness Products Pvt. Ltd.