The global eubiotics market is projected to grow from USD 4.84 billion in 2016 and reach USD 7.48 billion by 2022, at a CAGR of 7.51% from 2016 to 2022. Consumption of eubiotics-based feed provides basic nutritional components as well as health and medicinal benefits to livestock, such as preclusion and cure of diseases. Eubiotics enhances microflora in the gut of the host and increasing lactose tolerance level, which helps in healthy growth of the livestock.
The growth of the eubiotics market is driven by the rising customer awareness towards superior quality feed grades, which are nutritive and have an accurate composition of ingredients to maintain the balance during consumption. Manufacturers are focusing on maintaining a balance in the ingredients used in the production of eubiotics to optimize nutrient absorption. In addition, the imposition of bans on antibiotics in North America and Europe, rise in prices of natural feed grades, and the use of feed enzymes for cost reduction of feed grades further contribute to the growth of the market. The high-growth potential in emerging markets provides new growth opportunities to the market players.
Target Audience:
- Eubiotic manufacturers
- Feed manufacturers
- Animal pharmaceutical companies
- Eubiotics raw material suppliers
- Eubiotics product exporters & importers
- Educational institutions
- Regulatory authorities
- Consulting firms
Probiotics are gaining high popularity in the eubiotics market across the world, the demand for probiotics used in feed for animal health and nutrition have been contributing to the growth in the market. Rapidly increasing demand for quality animal products is anticipated to drive the market for probiotics in animal feed during the projected period. Probiotics are more convenient to use, owing to their ease in application. Probiotics are the most widely used eubiotics and hence, are projected to be the fastest-growing for the next six years.
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Europe accounted for the largest market share in the eubiotics market, followed by Asia-Pacific, and North America. France and Germany constituted the largest country-level markets in Europe in 2015. Increasing awareness about the benefits of eubiotics among the cultivators and rising population across regions are driving the growth of the market in this region. The eubiotics market in the Asia-Pacific is projected to grow due to the increased investments from several multinational manufacturers, advancements in agricultural technologies, and exports of key products in feed. Moreover, extensive R&D initiatives were undertaken for exploring the new varieties of eubiotics for use in the feed industry.
Leading players in the eubiotics market focused on research and product development, raw material supply, component manufacturing, distribution and sale, and post-sales services. Key players identified in the eubiotics market are Cargill (US), BASF SE (Germany), E. I. du Pont de Nemours and Company (US), Koninklijke DSM N. V. (Netherlands), Chr. Hansen A/S (Denmark), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Lesaffre Group (France), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), ADDCON (Germany), Behn Meyer (Malaysia), Novus International Inc. (US), and Advanced BioNutrition Corporation (US).
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