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 eubiotic 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 eubiotic market growth. Apart from this, eubiotic 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 eubiotic 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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