Market Research Report
Eubiotics Market Size, Share & Trends Analysis Report By Product (Probiotics, Prebiotics, Organic Acids, Essential Oils, Enzymes), By Form (Liquid, Solid), By Application, By End Use, By Region, And Segment Forecasts, 2020 - 2027
|Eubiotics Market Size, Share & Trends Analysis Report By Product (Probiotics, Prebiotics, Organic Acids, Essential Oils, Enzymes), By Form (Liquid, Solid), By Application, By End Use, By Region, And Segment Forecasts, 2020 - 2027|
Published: July 6, 2020
Grand View Research, Inc.
Content info: 115 Pages
Delivery time: 2-10 business days
Market Growth & Trends
The global eubiotics market size is anticipated to reach USD 11.1 billion by 2027, expanding at a CAGR of 8.1%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to concerns over antibiotic traces in animal meat and their health hazards. Eubiotics also provides benefits such as increased feed conversion ratio, resistance to diseases, and better animal welfare. All these factors are expected to propel market growth over the forecast period.
Eubiotics are fast replacing antibiotics and there has been rising awareness pertaining to their usage across the globe. The shift in the trend toward the usage of antibiotic alternatives such as eubiotics is expected to benefit market growth. Additionally, favorable regulatory scenario banning the use of antibiotics as growth promoters has benefitted market growth in the recent past and is expected to do so in the near future.
The feed additives are manufactured and are distributed either through feed mills, pre-mixers, or specific distributors. The companies involved in manufacturing these feed additives either sell their products directly to their consumers or sell them to integrated feed producers. Either way, the eubiotic products reach the livestock producers.
Industry participants are using these products to obtain high yield and animal performance. The feed additives are used to alter the microflora of the animals, thus providing benefits such as increased immunity, better gut health, and increased yield. Growing meat consumption on account of factors such as rising population and rising disposable income is expected to contribute positively toward market growth.