The global eubiotics market size was worth around USD 5.90 Billion in 2021 and is projected to grow around USD 10.10 Billion by 2030, with a compounded annual growth rate (CAGR) of roughly 7.43% from 2022 to 2030.
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➤ Growth of the market is driven by the increasing demand for superior feed quality, nutrition, and protein for animals.
The significance of providing superior feed quality to animals has gained significant momentum as a result of the gradual increase in meat consumption among individuals worldwide, which has resulted in a substantial increase in the livestock population base. Improved nutrition and protein content in animal feed has a beneficial effect on the animal’s immunity system, gastrointestinal health, and overall performance. Furthermore, the global eubiotics market is expected to experience growth during the forecast period due to a growing awareness of the utilization of a variety of natural compounds of eubiotics, as opposed to antibiotic growth promoters (AGPs).
➤ The development of the market may be restricted by the imposition of stringent rules and regulations regarding product approvals.
The government of numerous nations has implemented rigorous regulations and policies concerning the application and approval of a variety of eubiotic products. This further leads to trade complexities that may impede the expansion of the eubiotic industry during the forecast period. Furthermore, the market’s expansion may be hindered by the exorbitant cost of manufacturing a variety of eubiotic compounds. Additionally, the market’s expansion during the forecast period is further hindered by a lack of awareness among the general populace regarding the product’s efficacy and numerous complications in the food production chain.
➤ The market is presented with lucrative opportunities for growth as a result of the increase in investment and expenditure for research and development capabilities.
The livestock industry has undergone a significant industrialization, as a result of the significant increase in investment and expenditure for animal consumption and research development to maintain the welfare of both animals and humans. Animal husbandry has experienced significant growth and has been transformed into a broadly diverse endeavor in nations such as India, China, and Japan. This was accomplished by emphasizing the scientific management of agricultural animals, which would increase productivity and reduce costs. These factors are anticipated to generate numerous opportunities for the industry to enhance its growth.
➤ The market’s expansion may be significantly impeded by the increasing prevalence of livestock disease outbreaks.
The escalating prevalence of livestock maladies poses a threat to the health of both the animals and humans, as a result of the increased consumption of animal products. Livestock is susceptible to a variety of diseases, including bovine tuberculosis, bovine spongiform encephalopathy, Q fever, and H5N1 avian influenza. The animal population may be adversely affected by these outbreaks in livestock, which can lead to a decrease in herd productivity. Consequently, the global food supply, human health, and local and global economies can be adversely affected by disease outbreaks in livestock.
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The Global Eubiotics Market is segmented based on product, application and region
Global Eubiotics Market: Product Segment Analysis
● Probiotics
● Prebiotics
● Essential Oils
● Organic Acids
Global Eubiotics Market: Application Segment Analysis
● Nutrition & Gut Health
● Yield
● Immunity
● Production
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The global Eubiotics market profiles key players such as:
● DSM
● Novozymes
● Kemin Industries Inc.
● Roquette Frères
● FrieslandCampina
● Neospark Drugs and Chemicals Private Limited
● ASAHI GROUP HOLDINGS Ltd.
● Lesaffre
● MSPrebiotics Inc.
● ADM
● Lallemand Inc.
● BEHN MEYER
● NOVUS INTERNATIONAL
???? Recent Developments:
• Koninklijke DSM N.V, a multinational corporation headquartered in the Netherlands that specializes in the fields of health, nutrition, and materials, announced in July 2021 that it had acquired Midori USA, Inc., a biotechnological start-up company that specializes in the development of innovative targeted eubiotics that significantly improve the health and environmental impact of animals. In addition to the adoption of antibiotic alternatives, the utilization of eubiotics has experienced significant growth as agricultural practices have endeavored to become more sustainable.
• Novus International, Inc., a leading provider of nutrition and health solutions in the animal agriculture industry, announced in January 2021 that it has formed a partnership with Agrivida, a Massachusetts-based biotech innovator. The partnership is intended to broaden the company’s customer base and to develop innovative and pristine products and solutions through research and development collaboration.
➤ The global industry is expected to be dominated by Europe.
In 2021, the Europe region accounted for the largest global eubiotics market share, with a share of over 42%. It is anticipated that the market will continue to expand exponentially at a substantial CAGR throughout the forecast period. The primary factor contributing to the market’s expansion in this region is the substantial increase in meat consumption that has occurred in major European countries, including France, Germany, and Italy, in recent years.
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