Gut Conditioner Market: Market outlook
The gut conditioner market has been witnessing amplified demand at significant growth rates over the last few years and the market is estimated to grow strongly during the forecast period 2020-2030, due to rising number of poultry animals coupled with increasing spending on animal’s health and digestive system across the globe.
During the last two decades, the global poultry industry has undergone a significant shift in structure and service, transforming from a mere backyard practice into a large industry with a large number of integrated players present. The transformation in the poultry industry fueling the growth of the global gut conditioner market.
Due to shifting diet habits, urbanization, population and economic growth, the highest growth in meat consumption is expected from the Asia-Pacific, which is also boosting the growth of global gut conditioner market in the Asia Pacific.
The Asia Pacific is expected to hold the maximum share of the global gut conditioner market during the forecast period 2020 to 2030, due to the increased consumption of poultry meat. The poultry industry is one of the fastest-growing meat sectors. Improving the productivity of poultry is important for feeding the rising world population. However, high prices of gut conditioner are acting as a curtailment to the gut conditioner market.
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Increasing Demand for Meat Owing to the Presence of High Protein Content at Low Cost is Driving the Growth of Gut Conditioner Market
Suitable nutrition is one of the most significant factors in the farming of Poultry. Poultry requires vitamins, essential fatty acid, amino acids, minerals and a healthy nutritious energy source. The gut conditioner helps the chicken to maintain the digestive system & it also provides essential amino acids to poultry. The amino acid is considered one of the most essential protein sources and is therefore highly needed in poultry nutrition. Because of the high protein content, amino acid helps minimize the amount of inclusion of soybean meal in the diet of an animal. These beneficial properties of gut conditioner in the poultry industry driving the growth of the global gut conditioner market.
The poultry industry is highly competitive due to the presence of various market players who aim to develop products that are suitable for use in multiple applications. Strong market pressure is forcing farmers to make creative goods. Market rivalry among the major players like Cargill Inc., Innovad, Nettex Poultry and many others.
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Global Gut Conditioner: Market Segmentation
On the basis of product type, the gut conditioner market can be segmented as:
- Poultry Meat
- Sheep Meat
On the basis of application, the gut conditioner market can be segmented as:
Global Gut Conditioner Market: Key Players
Some of the prominent players in the global market driving the growth of gut conditioner markets such as Freedom Health LLC, Cargill Inc, Innovad, Nettex Poultry, Purina, Ab Vista, Land O’lakes Inc., Versele-Laga, and many others.
Emerging regional players or new entrants are likely to have increased opportunities to enter the market, especially in developing countries. Increasing rising foreign investment and government initiatives in the developing agricultural sector, particularly in China and India, are expected to boost the growth of gut conditioner market over the forecast period.
Global Gut Conditioner Market: Regional Analysis
The Asia Pacific is estimated to behold the largest market share in 2019. The emergence of a huge population and growing disposable incomes are likely to cause demand growth in the Asia Pacific at the fastest pace.
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