Eubiotics Market was worth USD 5607.5 million in 2020 and estimated to be growing at a CAGR of 8.12%, to reach USD 8285.3 million by 2025.
The Eubiotics Market is showcasing the evident potential in the mentioned forecasting period. Eubiotics play a vital role in providing medicinal benefits to livestock such as preclusion and prevent other diseases common in animals. Apart from this they also carry nutrition value with them. The increase in the capability of producing Eubiotics and commercialization of farming has led the agriculture-based industries to take interest in the market lately.
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Eubiotics are generally used as feed additives for animals. They help in preventing various diseases in animals thus keeping them healthy and in turn increasing their productivity. It creates an appropriate balance of the microflora in our gastrointestinal tract and helps in maintaining a hygienic living.
The ban on antibiotics has created an open window for Eubiotics to enter the agriculture industry and take their place. It had been one of the major reasons for the recent growth of the Eubiotics Market. Other important factors driving the global eubiotics market growth include industrialization of the livestock industry, rising demand for naturally derived products and increasing instances of livestock disease. These factors have been responsible for the growth of the market lately, although some of the factors have resulted in being hurdles to the Eubiotics Market as well. Some of them are competition for raw materials from other industries, regulatory framework and low awareness of product efficiency.
The Global Eubiotics Market is segmented on the basis of
o Organic acids
o Essential oils
Probiotics are further fragmented in lactobacilli, bifidobacteria, and others. Prebiotics are segmented in inulin, fructooligosaccharides, galactooligosaccharides, and others. Probiotics lead the market share under type segmentation because of its efficiency over other types.The Eubiotics Market for poultry is expected to have the highest CAGR among all the sub-segments of the livestock, as Eubiotics help in increasing the growth rate of poultry and maintain their high nutrition value.
On the basis of geographical analysis, the global Eubiotics Market is segmented into various regions namely
· North America
· Latin America
· The Middle East and Africa
Eubiotics market was dominated by Europe. Europe was followed by Asia-Pacific and North America. The Asia Pacific is predicted to grow at a rapid pace in the coming few years with the help of investments from several multinational manufacturers.
Major Key Players:
Some of the major companies dominating the Eubiotics Market, by their products and services include Addcon, Royal DSM, BASF SE, CHR. Hansen A/S, Kemin Industries Inc., Cargill Incorporated, E. I. Du Pont De Nemours and Company, Novus International Inc., Behn Meyer Group, Beneo Group.