The global eubiotics market size is expected to reach US$ 12.4 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 7.5% CAGR between 2019 and 2029. According to the report, the rising demand for healthier alternative to antibiotics will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
However during the forecast period, Asia Pacific is expected to demonstrate a higher rate of growth. In terms of type, the market can be classified into probiotics, prebiotics, organic acid, and essential oil. Of these, probiotic dominated the global market in 2019. Rising awareness regarding the benefits of probiotics will support the growth of the segment.
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“Antibiotics, despite their numerous benefits, pose threat to animal health as well as their surroundings. As such, regulatory bodies such as the Food and Drug Administration (FDA) are instituting bans on the adoption of antibiotics during the production of meat and dairy products. This is creating a fertile ground for higher profit margins for eubiotics manufacturers,” reveals FMI study.
Key Findings of FMI’s Report on Eubiotics Market
Europe’s eubiotics market continues to offer remunerative growth prospects; Market in Asia Pacific (APAC) to accelerate.
Among types of eubiotics, probiotics and prebiotics will see substantial demand growth.
Dry form of eubiotics is likely to show higher growth rate over the forecast period, owing to its prolonged shelf life.
Leading eubiotics manufacturers are focusing on product innovations to ensure relevant value creation.
Eubiotics Market – Key Driving Factors
Stringent norms against consumption of antibiotics as feed additives will be the major growth driver for eubiotics market.
Increasing preference for healthier alternatives among customers contributing to market revenue.
Rise in the production and consumption of meat and meat-based products is propelling market growth.
The livestock industry is emphasizing on better and cost-effective productivity, adding value to the eubiotics market.
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Eubiotics Market – Key Restraints
High costs associated with production of eubiotics is an existing challenge for market players.
Lack of proper evaluation techniques in tandem with standardization issues to deter market progress.
Rising Demand for Probiotics to Create Growth Prospects
Among product types available in the market, probiotics is in high demand. As per the study, it constitute the leading share in the market among products. Probiotics such as Bacillus spp and Enterococcus faecium have more than just a few benefits to animal health. They help in immunity development and maintaining gut health in animal. Besides the rising awareness about probiotics, competitive strategies adopted by the market players are enabling growth in the segment.
Competition Landscape of Eubiotics Market
Players in eubiotics market are focusing on improving sourcing processes and expanding their product portfolio by collaborating with domestic players. Key manufacturers in the eubiotics market include Cargill, BASF SE, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Chr. Hansen Holding A/S, Novozymes, Calpis Co., Ltd., Lesaffre Group, Kemin Industries, Inc., Lallemand, Inc., Addcon, Behn Meyer Group, Novus International, Inc., Advanced Bio Nutrition Corp, and Beneo Group.
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Market Segmentation
The global Eubiotics is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Type:
- Probiotics
- Prebiotics
- Organic Acid
- Essential Oil
- Enzymes
Form:
- Dry
- Liquid
Function:
- Nutrition and Gut Health
- Yield
- Immunity
Livestock:
- Cattle
- Poultry
- Swine
- Aquaculture
- Others
Table Of Content
1. Global Eubiotics Market – Executive Summary
1.1. Global Market Outlook
1.2. Industry Roadmap
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope
3. Key Market Trends
4. Key Success Factors
5. Market Background