Global Eubiotics Market Outlook
Eubiotics contribute to digestive health and act as an antibiotic substitute in feed, further fueling market growth. However, the rising prices of raw materials pose a substantial risk and represent a major challenge for the market. As of 2022, the Eubiotics Market Size reached USD 4.8 Billion, and it is anticipated to grow from USD 5.2 Billion in 2023 to USD 9.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.35% during the forecast period (2023 - 2032).
Eubiotics are feed additives encompassing prebiotics, probiotics, organic acids, and essential oils, designed to enhance feed functionality. They play a vital role in improving gut micro-floral conditions and increasing lactose tolerance, thereby supporting the healthy growth of animals.
The global eubiotics market is poised for growth, driven by increasing health awareness in livestock management. Technological advancements and product development are significant factors contributing to the market's expansion. Market players are seizing new opportunities by expanding service offerings, elevating eubiotics as a prominent feed additive globally.
Segmnet Analysis:
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Type: Eubiotics are segmented into probiotics, prebiotics, and others. Probiotics hold the major market share due to their high efficacy.
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Form: The market is divided into dry and liquid eubiotics. Liquid eubiotics, easily mixed into feed, provide convenience for livestock consumption.
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Function: Segmentation based on function includes gut & digestive health, general health & wellness, immunity, and others. Gut & digestive health dominates the market, offering micro-floral support to combat diseases in animals.
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Livestock: Market segmentation includes poultry, swine, ruminants, aquatic, and others. Poultry leads the market, driven by the high protein content in eubiotics, enhancing the growth rate of poultry birds.
Major players in the eubiotics market outlook include:
- 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)
Regional Analysis:
The global eubiotics market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Europe dominates the market due to increasing awareness of livestock health. High consumption of eubiotics for gut health support in developed countries like Germany, France, the U.S., Canada, and Mexico contributes to the market's upliftment.
In Asia Pacific, particularly in emerging economies such as China, India, and Indonesia, the market is expected to witness maximum growth over the forecast period (2023-2032).
Market Segmentation:
Eubiotics market segmentation includes type, form, function, livestock, and region.
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