Eubiotics Market Trends 2021 – Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2027
Market
Overview:
Eubiotics
are feed additives that contain prebiotics, probiotics, organic acids and
essential oils. It is used to enhance the functionality of feed. Eubiotics help
in improving micro-floral conditions of the gut and increasing the lactose
tolerance limit, consequently supporting in healthy growth of the animal.
Market Forecast:
The Global Eubiotics Market
Trends is anticipated
to be driven by the increasing health awareness towards livestock. Also, the
advancement in product development coupled with the technological improvements
is considered to be the significant reasons for the increasing growth of Eubiotics
Market Trends during the forecast period. Additionally, the market players are
responding to these new opportunities by expanding their service offerings,
which has fueled up the share of eubiotics as a feed additive in the global
market.
Furthermore,
eubiotics support towards digestive health and a substitute to antibiotics in
feed, is likely to support the growth of Eubiotics Market Trends globally.
However, increasing prices of raw material is seen to possess high risk and is
considered to be a major challenge to this market. Nevertheless, all these
factors are projected to contribute to the estimated CAGR of 8.1% of Eubiotics
Market during the forecast period 2017-2023.
Competitive Analysis:
The major players in Eubiotics Market
- I.
du Pont de Nemours and Company (U.S.)
- Koninklijke
DSM N.V. (the Netherlands)
- Cargill
Inc. (U.S.)
- BASF
SE (Germany)
- Novozymes
A/S (Denmark)
- Chr
Hansen Holding A/S (Denmark)
- Calpis
Co., Ltd. (Japan)
- Kemin
Industries, Inc. (U.S.)
- Lallemand
Inc. (Canada)
- Behn
Meyer Holding AG (Germany)
Market
Segmentation
Eubiotics
Market Trends is segmented on the basis of type, form, function, livestock, and
region.
Regional
Analysis:
The
global Eubiotics Market is segmented into North America, Europe, Asia Pacific,
and rest of the world (RoW). Europe is dominating the global Eubiotics Market.
The foremost reason for this growth is increasing awareness regarding livestock
health in this region. Additionally, increased consumption of eubiotics
associated with gut health support in the developed counties like Germany,
France, the U.S., Canada and Mexico is expected to uplift the global Eubiotics
Market Trends over the review period.
However,
in Asia Pacific region, mainly emerging economies including China, India, and
Indonesia is estimated to witness a maximum growth in the global Eubiotics
Market over the forecast period 2017-2023.
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Downstream
Analysis:
Eubiotics
are segmented on the basis of type, which includes probiotics, prebiotics, and
others. Among all, the probiotics segment holds the major market share owing to
its high efficacy.
On
the basis of form, the Eubiotics Market Trends is segmented into dry and
liquid. Liquid eubiotics can be easily mixed in the feed; this makes it more
convenient for the livestock to consume.
On
the basis of function, the Eubiotics Market is segmented into gut &
digestive health, general health & wellness, immunity, and others. Among
all the functions, gut & digestive health is dominating the market because
of its micro-floral support to the animals to combat against diseases.
On
the basis of the livestock, the market is segmented into poultry, swine,
ruminants, aquatic, and others. In this segment, poultry is dominating the
market owing to high protein content in eubiotics which increases the growth
rate of poultry birds.
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