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Virbac Strengthens Position in Indian Animal Health Market through Acquisition of Globion

Virbac, a prominent player in the global animal health industry, has recently announced a significant agreement to acquire Globion, a leading specialist in poultry vaccines based in India. This strategic move is poised to enhance Virbac’s leadership in the Indian animal health market by expanding its poultry portfolio into the rapidly growing segment of avian vaccines. Founded in 2005 as a joint venture between Suguna Group, a major Indian poultry conglomerate, and Lohmann Animal Health, a German specialist in poultry vaccines, Globion has emerged as a key player with robust…

A Sunny Forecast for the Worldwide Poultry Industry

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In recent months, the global poultry industry has experienced a sluggish growth phase. However, a recent report from Rabobank suggests that the fourth quarter of 2023 and early 2024 may bring positive changes, thanks to improved demand and reduced costs. The projected growth for the global poultry market in 2023 is modest, expected to increase by 1.2%, which is below the historical average of 2.5% per year. Despite this, Rabobank remains optimistic about the market’s positioning for the upcoming year. Nan-Dirk Mulder, senior analyst of animal protein at Rabobank, pointed…