PUBLISHER: Grand View Research | PRODUCT CODE: 1092396
PUBLISHER: Grand View Research | PRODUCT CODE: 1092396
The global eubiotics market is expected to reach USD 9.6 billion by 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing product usage in the meat industry due to rising concerns over antibiotic traces found in meat.
Furthermore, the future growth of eubiotics is dependent on the favoring regulator frameworks which ban the use of antibiotics. However, the coloring and flavoring agents to be used in eubiotics need to be approved by concerned regulatory agencies and have to acquire proper clearances such as Generally Recognized As Safe (GRAS) listings.
Eubiotics are effective tools for strengthening gut health. Selection of proper products is very important and depends upon genetics, animal diet, and application. The performance is directly linked to the raw materials used. Cultures such as those of probiotics and raw materials used for the manufacturing of essential oils need to be of high and consistent quality to ensure better performance. Sensing this attribute, companies impose strict quality checks on raw materials. Also, products must adhere to strict specifications as prescribed by these companies.
Due to the pandemic of COVID-19, the world saw a shutdown of various factories, production and manufacturing hubs, restaurants, hotels, etc. This resulted in a shortage of labor, disrupted the supply chain, and reduces the supply of raw materials as well as other ingredients. The animal feed industry was one of the highly impacted industries due to the pandemic. As the demand for meat declined so did the demand for animal feed additives. The early months of 2021, saw an increase in the demand from the meat industry and eventually increased demand eubiotics.