Eubiotics Market is Anticipated to Undergo a Substantial CAGR Through 2025
Growing awareness pertaining
to feed quality and safety as well as increasing demand for manufactured feed are
acting as key growth drivers for global eubiotics market.
According
to TechSci Research report, “Global Eubiotics
Market By Type (Probiotics, Prebiotics, Organic Acids and Essential Oils),
By Livestock (Poultry, Swine, Ruminants, Aquatic Animals and Others), By
Function (Nutrition and Gut Health, Yield, Immunity and Production), By Form
(Dry and Liquid), By Region, Forecast & Opportunities, 2025”, the market
is expected to undergo a significant growth during the forecast period on
account of growing awareness towards feed quality and safety and rising demand
for animal protein. Customers are preferring to buy superior quality feed
grades, which are nutritive and constitute accurate composition of ingredients.
Moreover, eubiotics are increasingly replacing antibiotic growth promoters
(AGPs) as the former provides health and medicinal benefits to livestock. The
imposition of ban on antibiotics in regions like North America and Europe is
also one of the major factors fueling the growth of global eubiotics market. Manufacturers
are gradually focusing on using balanced ingredients for the production of
eubiotics to optimize nutrient absorption.
Additionally, rise in prices of natural feed grades is
another key factor propelling the demand for eubiotics. Also, the growth of
global eubiotics market can be attributed to increasing meat and meat products
consumption. The commercialization of farming and increasing production
capabilities are further boosting the growth of global eubiotics market.
Moreover, animal husbandry business is now continuously emphasizing on scientific
management of farm animals in order to improve productivity and save cost. This
serves as a major supporting factor for global eubiotics market growth. Apart
from this, eubiotics help in nominally dropping the environmental impact of
livestock rearing and hence the market is poised to witness substantial growth
in coming years.
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Global
eubiotics market is segmented based on type, livestock, function, form and
region. Based on type, the market can be categorized into probiotics,
prebiotics, organic acids and essential oils. Among them, probiotics segment
accounted for largest market share in 2019 and is further expected to undergo
high growth through 2025. The reasons can be attributed to rising awareness regarding
the benefits of probiotics such as immunity development and gut health
maintenance.
Based
on form, the global eubiotics market can be segmented into dry and liquid. Among
them, the dry segment dominated the market in 2019 as they combine flavoring
compounds and nutritional materials. Moreover, the growing inclination of
customers towards dry eubiotics and improvement of unconventional dry eubiotics
products are expected to further make the segment a leading one during the
forecast period.
Major players operating in the global eubiotics
market are BASF SE, Cargill Incorporated, Novozymes, E. I. du Pont de Nemours
and Company, Kemin Industries Inc., Lallemand Inc., Koninklijke DSM NV, Chr.
Hansen Holding AS, Addcon and Novus International Inc. Leading companies are
undergoing growth strategies such as mergers & acquisitions and
collaborations to strengthen their position in global eubiotics market.
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“Europe
emerged as largest market for global eubiotics market in 2019 due to the ban on
usage of antibiotics which forced livestock producers to obey the prevalent
regulations. Moreover, the presence of leading market players in the region and
rising awareness pertaining to the usage of eubiotics and their benefits is
providing lucrative growth opportunities. However, manufactures are now trying
to establish their strong base in Asia Pacific by opening offices and
manufacturing facilities,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Eubiotics Market By Type (Probiotics,
Prebiotics, Organic Acids and Essential Oils), By Livestock (Poultry, Swine,
Ruminants, Aquatic Animals and Others), By Function (Nutrition and Gut Health,
Yield, Immunity and Production), By Form (Dry and Liquid), By Region, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of eubiotics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global eubiotics market.
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