Market Research Report
Global Eubiotics Market: Focus on Offering Type (Probiotics, Prebiotics, Organic acids), Applications (Gut Health, Immunity), Livestock Type (Swine, Poultry, Aquaculture) and End User - Analysis and Forecast, 2020-2025
|Global Eubiotics Market: Focus on Offering Type (Probiotics, Prebiotics, Organic acids), Applications (Gut Health, Immunity), Livestock Type (Swine, Poultry, Aquaculture) and End User - Analysis and Forecast, 2020-2025|
Published: September 25, 2020
BIS Research Inc.
Content info: 304 Pages
Delivery time: 1-2 business days
"Global Eubiotics Market Anticipated to Reach $7.74 Billion by 2025."
The market report includes several drivers that are influencing the changing demand for and dynamics of the eubiotics industry. The eubiotics market has undergone significant and dynamic changes in the past five years, specifically with the introduction of new and advanced solutions to improve animal health and well-being. With the increase in the world population leading to a rise in the global demand for meat food and the global prohibition on the usage of antibiotics growth promoters, livestock growers are increasingly adopting eubiotics products and ingredients to increase the yield and productivity of animals. The utilization of eubiotics as an animal feed has resulted in promoting the growth and maintaining animal health by managing the gut health and reduction in the proliferation of the undesirable pathogenic bacteria. As a result, the eubiotics market is anticipated to progress due to the ever-growing affinity for more convenient animal feed solutions than the traditional methods.
Eubiotics market encompasses a wide array of offerings,including probiotics, prebiotics, organic acids, and essential oils. The probiotics offering type comprises a board range of bacterial strain including Lactobacilli, Bifidobacteria, Streptococcus Thermophilus, and others. Prebiotics offering type consists of Fructo-Oligosaccharides, Galacto-Oligosaccharides, and Mannan-Oligosaccharide that are offered by different companies present in the market. The organic acids section of the offering type consists of formic acid, lactic acid, fumaric acid propionic acid, and acetic acid. These offerings have applications in the management of gut health, immunity, and yield, among others.
The presence of these probiotics, prebiotics, organic acids, and essential oils in the market has led to an exponential growth of the eubiotics market.
The eubiotics market is projected to grow from $5.24 billion in 2019 to $7.74 billion by 2025, growing at a CAGR of 7.06% from 2020 to 2025. High growth in the market is expected to be driven by the increasing consumption and demand for meat, growing livestock diseases, and ban on the utilization of antibiotics growth promoters. Governments of developed as wellas developing countries have also taken several initiatives to promote eubiotics, especially after the ban on antibodies growth promoters. Moreover, the increasing demand for and consumption of the meat and meat-based products is also expected to drive the market in the future.
The exponential utilization of advanced solutions in the eubiotics market has created opportunities for companies to adopt strategies such as collaborations, joint ventures, product launches, and developments and partnerships.
The established companies in the eubiotics market are focusing more on business expansions and on finding ways to improve the existing techniques. Moreover, product launch activities have increased in the market during the last three years. Presently, the big four eubiotics companies, namely Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kemin Industries, Inc., and BASF, are constantly increasing their investment in animal health improvement, by acquiring or collaborating with other companies.
Several other companies, such as Anpario plc., Novus International Inc., Lallemand, Inc, and LESAFFRE, have launched different products to compete with the market-dominant players. The wide-spread adoption of advanced feed solutions is essential for linking the gap to improve animal health effectively.