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.
Emergen Research has published its latest report titled “Eubiotics Market By Product (Probiotics, Prebiotics, Organic Acids, Essential Oils, Exogenous Enzymes), By Form (Solid, Liquid), By Application (Gut Health, Yield, Immunity, Production), By End-Use (Poultry, Swine, Ruminant, Aquaculture), and By Region, Forecast to 2028”
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 refers to the science of healthy living. It is mostly utilized to improve the health of farmed animals as well as their performance. Probiotics, organic acids, prebiotics, and essential oils are the most common. The product’s efficacy is mostly determined by its antibacterial properties as well as its capacity to modify gut flora. In developed and developing countries, eubiotics are gaining traction as a growing number of countries restrict antibiotic use. Eubiotics aids in the improvement of the immune system help to maintain a healthy bacteria balance in the gastrointestinal system and increasing need for high quality animal protein is a key factor expected to drive market revenue growth over the forecast period. Further, farmers are turning to feasible alternatives such as eubiotics in response to growing consumption of meat, rising concerns about meat quality and safety, as well as a regulatory environment that discourages the use of traditional antibiotics.
However, growing vegan population, lack of availability of essential oils, growing concerns regarding animal disease outbreaks resulting in increasing consumer preference towards vegetarian food are some factors expected to restrain eubiotics market to a certain extent over the forecast period.
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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
Probiotics Segment Revenue to Expand at a Rapid CAGR:
Probiotics segment revenue is expected to expand at a rapid revenue CAGR in the global market throughout the forecast period due to rising use in commercial livestock production facilities, and to improve nutrient utilization in poultry. Probiotics enhance immune system function, treat or prevent diarrhea caused by antibiotics or infections, reduce allergies and inflammation and improve systems of irritable bowel syndrome.
Gut Health Segment to Register Significant Revenue Growth:
Gut health segment is expected to register significantly larger revenue share over the forecast period due to rising government initiatives and support on awareness programs related to animal health and nutrition, increasing need to boost immunity and maintain gut integrity owing to increasing production of animal feed products.
Europe to Account for Largest Revenue Share:
Europe is expected to account for largest revenue share in the global market during the forecast period due to growing awareness among livestock producers regarding benefits of eubiotics products, and rising demand for poultry products. In addition, robust presence of key players, imposition of ban on the use of antibiotics and increasing government and private investments to accelerate research in animal nutrition are some other factors expected to contribute to the market growth in the countries in the region over the forecast period.
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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
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
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/eubiotics-market
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- 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
- Turkey
- Rest of MEA
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