What Is The Size Of Global Eubiotics Industry?
Global Eubiotics market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 8 Bn by 2028.
The Eubiotics Market is largely driven by rise in demand for animal protein, the rise in demand for produced feed, and the restriction on antibiotics.
The rising awareness of the quality and safety of feed additives is boosting the global market. Furthermore, it is thought that feed additives' significant health advantages will continue to drive the global market's rise. The Eubiotics industry is expanding significantly due to rising demand for animal protein, produced feed, and the replacement of antibiotic growth promoters (AGPs) with Eubiotics.
One of the biggest obstacles facing the Eubiotics market during the forecast period is the increasing illness outbreaks in cattle. Further, the growing cost of Eubiotics' raw materials may present difficulties for the global market.
The COVID-19 pandemic had a marginal effect on the Eubiotics market. The industry experienced a mixed response as a result of the social limitations in the key markets, which cost the company money. However, the pandemic led to more knowledge of the harmful effects of antibiotics on animals, which favorably impacted the market's expansion.
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Global Eubiotics Market By Product Type
The Global Eubiotics market is segmented by Product type into Probiotics, Prebiotics, Organic Acids, Essential Oil and Others.
Probiotics segment held the largest market share in 2022, This is ascribed to growing consumer awareness of the use of probiotics in animal feed, continued R&D efforts to create effective solutions, and extensive product portfolios offered by key industry players.
Additionally, it is anticipated that the numerous animal applications, including immune enhancement and gut health maintenance, will positively affect market demand.
Due to the usage of live microorganisms and enhanced benefits for the gastrointestinal system, probiotics are expected to grow the fastest during the anticipated timeframe.
Global Eubiotics Market By Form
The Global Eubiotics market is segmented by form into Dry and Liquid.
Drysegment held the largest market share in 2022, this significant percentage is explained by its benefits, such as improved defense against light and moisture exposure.
Flakes, beadlets, and cross-linked beadlets are examples of Dry forms. Beadlet technology reliably shields the active components from thermal and mechanical stress, enhancing their stability and bioavailability for use in the manufacturing of feed.
Due to longer shelf lives than liquid Eubiotics and increased use of feed additive products, the dry segment is expected to grow the most during the anticipated period.
Global Eubiotics Market By Function
The Global Eubiotics market is segmented by Function into Nutrition & Gut Health, Yield, Immunity and Production.
The nutrition and gut health segment held the largest market share in 2022, the causes can be linked to the effectiveness of Eubiotics in improving gut health and the creation of effective eubiotic carrier mediums for improved distribution in the intestinal system.
Its substantial share can be attributed to the fact that animals frequently experience problems with their digestive systems as well as the rising popularity of preventative healthcare.
Eubiotics are used to improve the health and performance of farmed animals. The antibacterial actions and the product's capacity to change gut flora are what determine its effectiveness most of all. Fructo-oligosaccharide, beta-glucan, probiotics, mannan-oligosaccharide, and prebiotics are all known to improve gut health.
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Global Eubiotics Market By Livestock
The Global Eubiotics market is segmented by Livestock into Cattle, Poultry, Swine, Aquatic and Others.
The poultry segment held the largest market share in 2022, due to the rise in chicken consumption, the improvement of poultry bird health, and the provision of protein.
The rising demand and consumption of chicken, turkey, duck, and boilers worldwide are responsible for its significant share. Of these, chicken meat is the most popular since it is inexpensive compared to other meats, has a low-fat content, and is consumed with fewer religious and cultural restrictions.
Pork consumption is rising, forcing farmers to create high-quality, disease-free meat products for animal consumption. As a result, the need for feed additives is growing.
Key Topics Covered in the Report
- Snapshot of the Global Eubiotics Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Eubiotics Market
- Historic Growth of the Overall Global Eubiotics Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Eubiotics Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Eubiotics Market
- Future Market Forecast and Growth Rates of the Total Global Eubiotics Market and by Segments
- Market Size of Function Segments with Historical CAGR and Future Forecasts
- Analysis of Global Eubiotics in Major Regions
- Major Type/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the Report
- DSM
- Novus International, Inc.
- Lallemand, Inc.
- Behn Meyer
- Lesaffre Group
- Kemin Industries, Inc.
- Novozymes
- Chr. Hansen Holding A/S
- BASF SE
- Cargill, Incorporated
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Notable Emerging Companies Mentioned in the Report
- Bluestar Adisseo Co
- Biomin
- Roquette Frères
- Associated British Foods plc
- Evonik Industries AG
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Eubiotics Manufacturers
- Eubiotics Association
- Research & Development Institutes for Eubiotics
- Eubiotics Materials and Ingredients Suppliers
- Eubiotics Distributors
- Probiotics Manufacturers
- Investment Banks Targeting Eubiotics Market
- Food Research and Development Institutes
- Market Research & Consulting Firms
- Banking and Financial Service Providers
- Government & Regulatory Authorities
- Investors in Food Start-ups
- Start-ups & Incumbents in Food Sector
- Certification & Inspection Companies
- F&B Marketing Agencies
- Dietary Supplement manufacturers
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