ID: MRFR/AGR/3572-HCR | February 2021 | Region: Global | 110 pages
Eubiotics Market is expected to grow USD 8.45 billion at a CAGR 8.35% During Forecast 2021-2030. The global Eubiotics Market has been estimated to generate significant market growth during the forecast timeframe. The eubiotics substances are widely used to enhance the animal fodder properties as well as the animal nutrition quality to improve the immunity and gut health of the livestock. Basically, eubiotics are a combination of organic acids, probiotics, prebiotics, and other important compounds. In the gastrointestinal tract, eubiotics are extensively used as digestive stimulants to build a healthy micro-flora balance. In the animal feed industry, eubiotics have a significant opportunity.
Presently, a huge worldwide growth has been evident in eubiotics as it is contributing towards improving the quantity as well as the quality produced by the animals. The demand for eubiotic feed is increasing because of the rising awareness about the eubiotic'sbenefits for animals and increasing health concerns of the animals among the people. Hence, the demand for eubiotics increasing in the poultry sector is using it to enhance feed utilization, the egg-laying capacity of the birds, and disease prevention. The rising awareness about the available health benefits of eubioticadditives to farm animals is projected to drive the global Eubiotics Market Growth during the assessment period. This is because of the good quality of the eubiotics that is raising awareness about feed addiction. Moreover, the introduction of new products such as organic acid, prebiotic, and probiotic feed additives is generating mass-market penetration across the world. This is resulting in thriving the global market growth.
As per the report of Market Outlook, the intended audiences of the Eubiotics industry includes eubiotics manufacturers, the E-commerce industry, feed manufacturers, retailers and wholesaler, raw material suppliers, traders, importers, and exporters. These intended audiences are working cooperatively to enhance the growth of the market for eubiotics.
In the first half of 2020, the covid-19 pandemic has affected different industries and markets. The Eubiotics Market was one of them. The global pandemic has affected the supply chain as well as the production chain during the covid-19 outbreak because of the shortage of raw materials, workforce, transportation and many more reasons.
As per the currentEubiotics Market Analysis report,the present market situation has grown up steadily and shows major growth potentials to achieve its goal by the forecast period.
Chief Factors Existing in The Market
Key Market Drivers
The global Market is fuelling due to the increased awareness regarding the feed addictive’s safety and quality. Moreover, the major health benefits of feed addiction are considered to be the major growth driving factors for the global market. In addition, the increasing demand for manufactured feed, rising demand for animal protein, and replacing antibiotic growth promoters (AGPs) with eubiotics are contributing highly to the growth of the Eubiotics industry.
In 2017, the United States Food and Drug Administration (FDA) has banned the use of antibiotics as well as stopped the subsequent research development programs by the global and local market players. This has resulted in the growth of the use of eubiotics across the regions.
The growing disease outbreaks in livestock can be one of the major challenges for the Eubiotics Market during the analysis period.
Further, the worldwide market might experience challenges because of the increased raw material prices of eubiotics.
The global Eubiotics Market has significant opportunities for the market players and manufacturers as the opportunities and investments are growing in animal nutrition. Also, the investment is increasing in the pet industry, which is bringing more opportunities to the market.
Apart from that, the rising consumer's awareness about feed additives can bring lucrative opportunities for the global Market.
The Eubiotics Market Value might get affected due to the growing complexities in the food production chain and supply chain.
Moreover, the rising trade complexities because of the impositions of regulations might hinder the growth of the worldwide Eubiotics Market.
Cumulative Evaluation of The Market
In the last few years, the Eubiotics Market has shown significant growth in generating market values and market share. And, it is predicted to perform the same in the upcoming years.
For this, many key players have been engaged to work effectively and efficiently across different parts of the globe. This can lead to bringing major success in the global market.
According to the Eubiotics Market Trends report, the global market has been segmented based on the forms, types, livestock and functions.
Depending on the form segment, the worldwide Market has been segregated into liquid and dry forms.
Among these, the liquid segment is projected to lead in generating the largest Eubiotics Market Share throughout the review timeframe. This segment is preferable as the use of liquid eubiotics is easy, and it can easily mix up in the animal feed.
On the basis of type segment, the global Eubiotics Market has been classified into prebiotics, probiotics, and others.
Out of all, the probiotics segment is estimated to acquire the major market share during the research period due to the ban on antibiotic usage in the animal feed and the high efficacy of the probiotics segment.
In terms of function segment, the worldwide Market has been categorized into general health & wellness, immunity, gut & digestive health, and others.
Out of all, gut & digestive health is projected to lead the global market during the assessment period. This is because it helps to combat animal diseases as it consists of micro-floral support.
Based on the livestock segment, the global Market has been segmented into aquatic, poultry, ruminants, swine, and others.
Among these, the poultry segment is estimated to dominate the global market during the research timeframe. This is because eubiotics have a high protein content that enhances the poultry bird’s growth rate.
On the basis of regional segment, the global Eubiotics Market has been classified into different parts of the world such as Europe, North America, Asia Pacific, South America, and the rest of the world.
Out of all, the European Eubiotics Market is predicted to lead the global market during the forecast period. Hence, the increasing demands of eubiotics in different industries are boosting the global market growth. The Market growth is extensively supported by the countries like France and Germany because these areas have major consumption of eubiotic feed. Moreover, the sale of eubiotics is increasing across the region due to the rising awareness of people towards animal health. In addition, the European region has uplifted the eubiotics demand due to the stringent regulations for the antibiotic’s usage in animals.
Furthermore, the North American region has also increased the demand for eubioticsbecause of the stringent regulations for antibiotic usage in animals. All these governmental activities are fuelling the Eubiotics Market Sizeduring the forecast timeframe.
Competitive Intensity Within the Industry
The global Market is uplifting year by year because of the continuous support and efforts of the market players who are situated in different parts of the world. These key players are:
These market leaders are adopting new tactics and strategies to enhance the Market growth during the forecast period. They are including different research and developmental activities related to eubiotics so that they can bring new innovation in this field. And they can show their presence through eubiotics across the world.
Recent Market Developments
In September 2016, Valio OY’s LGG Probiotic strain was acquired by Chr. Hansen Holding A/S. This has aimed to enhance the product portfolio in the product of eubiotics.
In March 2017, the collaboration between Boehringer Ingelheim GmbH and Novozymes A/S has been evident. This collaboration has taken place with an aim to develop the product of probiotics for animal feed within the organization.
As per the Market Forecast report, the report is the combined detailed analysis of both qualitative ad quantitative analysis. This report has given the focus on the technological advancement, value and volume, governing factor of the market.
Moreover, the report consists of market segments, overview, dynamics, regional classifications, competitive analysis and recent developments.
Key Industrial Segments
Frequently Asked Questions (FAQ) :
The livestocks included in the report of Eubiotics market are swine, aquatic, ruminants, poultry, and others.
The functions included in the report are general health & wellness, gut & digestive health, immunity, and others.
The forms discussed in the Eubiotics market report are dry and liquid.
Europe would take the charge of the Eubiotics market.
Players included in the Eubiotics market report are Koninklijke DSM N.V. (the Netherlands), E. I. du Pont de Nemours and Company (U.S.), Novozymes A/S (Denmark), Chr Hansen Holding A/S (Denmark), Cargill Inc. (U.S.), Lallemand Inc. (Canada), BASF SE (Germany), Kemin Industries, Inc. (U.S.), Calpis Co., Ltd. (Japan), Behn Meyer Holding AG (Germany), and others.