Increasing use of eubiotics in animal feed to improve animal performance and growth, growing interest in novel feed additives, and rising research and development activities to develop robust feed additives are some key factors expected to drive market growth.
Increasing use of eubiotics in animal feed to improve animal performance and growth, growing interest in novel feed additives, and rising research and development activities to develop robust feed additives are some key factors expected to drive market growth
According to Emergen Research, the global eubiotics market size was USD 5.82 billion in 2020 and is expected to reach USD 10.89 billion in 2028 and register a revenue CAGR of 8.0% during the forecast period, 2021-2028.
Market Dynamics:
Eubiotics are a novel class of feed additives that include prebiotics, probiotics, essential oils, and organic acids and work in various ways to maintain a healthy balance of microbiota in the gut of animals, support a normal digestive health, and improve immunity. Eubiotics are innovative feed additives that play a crucial role in supporting performance of animals and animal welfare. Increasing use of probiotics for farm animals to enhance productivity, decreasing list of currently available antibiotics and increasing incidence of antibiotic resistance, and rising R&D activities to develop new and effective alternatives to conventional antibiotics are some key factors expected to drive market revenue growth over the forecast period.
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In addition, increasing incidence of disease outbreak among farm animals, growing focus on improving health of animals due to rising demand for meat and meat products, and rapid shift towards healthy feed and organic additives are some other key factors expected to contribute to revenue growth of the market going ahead.
Eubiosus is the optimal balance of the microflora of the gastrointestinal tract and is a key factor involved in the optimal performance of animal and development of immunity. Eubiosis is an alternative approach to reduce the use of antibiotics to fight microflora and instead promotes the growth of favorable microflora. Growing awareness regarding preventive healthcare and nutrition among consumers is a key factor supporting growth of the eubiotics market. Eubiotics sustain intestinal eubiosis that improves health of the animals and their performance. Eubiotics generally includes feed additives such as polyphenols, plant-derived natural substances, and pre- and probiotics, among others. Increasing research and development activities to establish efficacy and benefits, growing awareness regarding effectiveness of probiotics, and growing farming activities across the globe are some other key factors expected to drive market growth going ahead.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
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Probiotics Segment to Account for Largest Revenue Share:
Probiotics segment is expected to account for largest revenue share in the global market over the forecast period attributed to increasing use of probiotics in livestock feed to improve gut health and overall performance, growing awareness regarding health benefits of probiotics, and increasing use of probiotics to control growth of pathogenic microorganisms in poultry and prevent diseases. Probiotics are live microorganisms that offer numerous health benefits for the host when administered in appropriate and regular quantities.
Gut Health Segment to Dominate Other Application Segments:
Gut health segment is expected to dominate other application segments in terms of revenue share over the forecast period. Increasing use of eubiotics to improve gut health and overall health, availability of novel feed additives for improving digestive health, and growing incorporation of probiotics in animal feed to balance gastrointestinal microbiota are some key factors expected to drive revenue growth of the segment over the forecast period.
Asia Pacific to Lead in Terms of Revenue CAGR:
Asia Pacific is expected to register robust revenue CAGR over the forecast period owing to increasing agricultural and animal husbandry activities, growing demand for and consumption of meat and meat products due to rising population in the countries in the region, and increasing focus on improving health and performance of livestock. In addition, rising R&D activities to develop robust additives for animal feed, increasing concerns regarding quality of meat and poultry products, and growing efforts by key companies to expand their regional presence are some other factors expected to drive market revenue growth in the region.
Major Companies in the Market Include:
- BASF SE
- Novus International
- Lallemand Inc.
- Cargill Inc.
- Koninklijke DSM NV
- Kemin Industries
- Lesaffre Group
- Behn Mayer Group
- Yara International ASA
- DuPont
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For the purpose of this report, Emergen Research has segmented the global eubiotics market on the basis of product, form, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
- Probiotics
- Prebiotics
- Organic Acids
- Essential Oils
- Exogenous Enzymes
Form Outlook (Revenue, USD Billion; 2018-2028)
- Solid
- Liquid
Application Outlook (Revenue, USD Billion; 2018-2028)
- Gut Health
- Immunity
- Yield
- Production
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Poultry
- Swine
- Ruminant
- Aquaculture
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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