REPORT HIGHLIGHT
Eubiotics market size was valued at USD 4,708.9 Million in 2022, expanding at a CAGR of 9.3% from 2023 to 2030.
Eubiotics are also known as natural digestive stimulants that help to improve the functioning of the immunity system. In the gastrointestinal tract, eubiotics create a healthy balance of microflora. Further, it helps to offer medicinal benefits to the livestock. Moreover, these are commonly the feed additives that are utilized as optimizing the health of livestock, growth stimulators, and enhance gut functionality. Additionally, by keeping away a wide range of livestock or animal diseases, these also help in improving livestock productivity.
Eubiotics Market- Market Dynamics:
- Rising demand for livestock population and favorable government regulations will drive the market demand.
- Increasing demand for better proteins & nutrition for animals and a rising livestock population base are the primary factors fostering the growth of the market. In addition, rising focus on maintaining livestock health, changing lifestyles, and growing awareness about the availability of such compounds as antibiotic growth promoters replacement are other essential factors boosting market growth determinants. However, the high cost associated with the production of these compounds may restrain the eubiotics market growth in the coming future. Moreover, expansion and growth of the food & beverages and feed industries, increasing favorable government regulations including rising consumer consciousness towards good quality nutritional feed products, imposing of the ban on antibiotics as growth promoters, and rising personal disposable income by the companies are surging to the growth of eubiotics market.
Eubiotics Market- Key Insights:
- As per the analysis shared by our research analyst, the global eubiotics market is estimated to grow annually at a CAGR of around 9.3% over the forecast period (2023-2030)
- The eubiotics industry is projected to grow at a significant rate due to the growing awareness about the availability of such compounds as antibiotic growth promoters replacement
- Based on product type segmentation, probiotics was predicted to show maximum market share over the forecast period
- Based on form segmentation, liquid was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Eubiotics Market- Segmentation Analysis:
- The global eubiotics market is segmented on the basis of product type, form, application, end-use, and region.
- The market is divided into five categories based on product type: photogenic, probiotics, enzymes, organic acids, and prebiotics. The probiotics segment is likely to possess the largest revenue share. The increasing awareness regarding the usage of probiotics in animal feed, broad product offerings by major industry participants and ongoing R&D activities to develop improved products are attributed to driving segment growth. Additionally, in animal applications numerous usages including gut health maintenance and immunity development are projected to have a positive impact on the market demand.
- The market is divided into two categories based on form: solid and liquid. The liquid segment is attributed to dominate the market over the forecast period. It contributes to enhanced performance and good health of the animals at a higher rate over solid forms as well as exhibits a lower price owing to this liquid form gaining popularity among the feed formulators. Moreover, their ability to minimize enteric pathogens and cost-effectiveness and gastric pH, as a result, the liquid form of these feed additives are being preferred.
- The market is divided into three categories based on application: immunity, yield, gut health, and others. The gut health segment is likely to maintain its dominance in the market. Its greater share is anticipated to the prevalence of gut health problems among animals as well as with a growing inclination towards preventive health care. Additionally, digestion and the immune system are enhanced by Eubiotic products as they assist to aggregate the production of microbiota in the animals' gastrointestinal tract. These products can be utilized in combination and individually to achieve better results.
- The market is divided into four categories based on end use: aquatic feed, cattle feed, swine feed, poultry feed, and others. The poultry feed segment is accounted to grow with a high revenue share. The rising consumption and increasing demand for duck, turkey, chicken, and boilers across the world is attributed to the segment's high share. In addition, chicken meat is extensively consumed owing to its cost-effective price over others, less religious & cultural barriers, and low-fat content associated with its consumption.
Eubiotics Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Eubiotics Market- Competitive Landscape:
Companies are investing heavily in R&D activities to develop sustainable technologies for producing affordable and cost-effective products. Moreover, in several countries, the lack of an adequate number of players opens lucrative opportunities for new players in the market to enter and gain a strong foothold. Further, manufacturers are focusing constantly on improving their product portfolios to gain a competitive edge as compared to other market players including technology or equipment, supply chain or distribution channel, and price. For instance, in July 2022, Kemin Industries announced the launch of a next-generation probiotic solution. Additionally, the probiotic innovation is creating to minimize the risk of diseases that affect the intestinal health of livestock and poultry, assuring livestock producers with an effective solution against pathogenic bacteria.
Recent Developments:
For instance, in July 2021, dsm-Firmenich a global science-based company acquires Midori USA, Inc. biotechnology start-up. Additionally, that improves the health and environmental impact of animals.
Key features of the study:
- This proposed research study on eubiotics market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
- The report provides the client the latest up-to-date and trending insights about the eubiotics market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Eubiotics market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the eubiotics market.
- Impact of COVID-19 on Eubiotics market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on eubiotics market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the eubiotics market, we have also included competitive landscape and key innovator analysis for the eubiotics market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the eubiotics market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global eubiotics market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL EUBIOTICS MARKET KEY PLAYERS
- DSM
- BENEO
- Novozymes
- BEHN MEYER
- Lesaffre Group
- Lallemand, Inc.
- Calpis Co., Ltd.
- UAS Laboratories
- Evonik Industries AG
- Kemin Industries, Inc.
- Novus International, Inc.
- Chr. Hansen Holding A/S
- DuPont de Nemours, Inc.
- Advanced BioNutrition Corp
- Associated British Foods plc
GLOBALEUBIOTICS MARKET, BY PRODUCT TYPE
- Phytogenic
- Probiotics
- Enzymes
- Organic Acids
- Prebiotics
GLOBAL EUBIOTICS MARKET, BY FORM
GLOBAL EUBIOTICS MARKET, BY APPLICATION
- Immunity
- Yield
- Gut Health
- Others
GLOBAL EUBIOTICS MARKET, BY END-USE
- Aquatic Feed
- Cattle Feed
- Swine Feed
- Poultry Feed
- Others
GLOBAL EUBIOTICS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA