The Global Eubiotics Market

The Global Eubiotics Market

According to Triton’s report, the global eubiotics market, which gained $4239.22 million in 2020, is expected to experience growth at 7.43% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Eubiotics Market’ entails the Global Analysis and Forecasts by Application (Yield Management, Gut Health, Immunity, Other Applications), End-user (Humans, Animals), Livestock (Poultry, Ruminants, Swine, Aquaculture, Other Livestock), Type (Organic Acid, Essential Oils, Probiotics, Prebiotics), Form (Liquid, Dry), and by Geography (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).

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Triton’s report estimates the global eubiotics market to progress at a CAGR of 7.54% during the phase 2021-2028. It is predicted to obtain revenue worth $7521.10 million by 2028.

Eubiotics comprise prebiotics, essential oils, probiotics, and organic acids that enhance gut health with or without antibiotic growth promoters.
Animal disease outbreaks can lead to heavy economic loss for countries as it leads to the slaughtering of animals, trade halts, and other efforts to eradicate the disease. Moreover, animal diseases with implications for human health can lead to serious issues, ultimately impacting the economy. Hence, people are realizing the need to maintain animal health, which augments the growth of the eubiotics market.

Conversely, there is less awareness about the advantages offered by eubiotics towards animal health. This is a major factor obstructing the progression of the eubiotics market.

The eubiotics market is sectioned into application, end-user, livestock, type, and form. In terms of application, it is divided into yield management, gut health, immunity, and other applications. Based on end-user, the market is bifurcated into humans and animals. The livestock segment includes poultry, ruminants, swine, aquaculture, and other livestock. Furthermore, the type section comprises organic acid, essential oils, probiotics, and prebiotics. Lastly, the type section is divided into liquid and dry.

Among the regions, Europe holds the largest market for eubiotics globally. This growth is mainly owing to the high prevalence of animal diseases, along with the prohibition on antibiotics use. Over the years, many countries in the region have initiated a ban on the use of antibiotics in animal feed products, influencing the demand for eubiotics.

Besides, governments have restricted the utilization of antibiotics in farming. Therefore, as mentioned above, these factors are widening the scope and growth of the eubiotics market within Europe.
Lesaffre, Neospark Drugs and Chemicals Private Limited, Yara International ASA, BASF SE, Behn Meyer Group, Novus International Inc, Archer Daniels Midland, Cargill Inc, Koninklijke DSM NV, Anpario Plc, Lallemand Inc, CHR Hansen Holding AS, Dupont De Nemours Inc, and Kemin Industries Inc are prominent enterprises profiled in the eubiotics market.

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Question & Answer: Eubiotics Market

Question 1: What major factor augments the growth of the eubiotics market?

Answer: Animal disease outbreaks can lead to heavy economic loss for countries as it leads to the slaughtering of animals, trade halts, and other efforts to eradicate the disease. Moreover, animal diseases with implications for human health can lead to serious issues, ultimately impacting the economy. Hence, people are realizing the need to maintain animal health, which augments the growth of the eubiotics market.

Question 2: What factor is obstructing the progression of the eubiotics market?

Answer: There is less awareness about the advantages offered by eubiotics towards animal health. This is a major factor obstructing the progression of the eubiotics market.

Question 3: Which region holds the largest market for eubiotics globally?

Answer: Among the regions, Europe holds the largest market for eubiotics globally. This growth is mainly owing to the high prevalence of animal diseases, along with the prohibition on antibiotics use. Over the years, many countries in the region have initiated a ban on the use of antibiotics in animal feed products, influencing the demand for eubiotics. Besides, governments have restricted the utilization of antibiotics in farming. Therefore, as mentioned above, these factors are widening the scope and growth of the eubiotics market within Europe.

Question 4: Which are the prominent enterprises profiled in the eubiotics market?

Answer: Lesaffre, Neospark Drugs and Chemicals Private Limited, Yara International ASA, BASF SE, Behn Meyer Group, Novus International Inc, Archer Daniels Midland, Cargill Inc, Koninklijke DSM NV, Anpario Plc, Lallemand Inc, CHR Hansen Holding AS, Dupont De Nemours Inc, and Kemin Industries Inc are prominent enterprises profiled in the eubiotics market.

Related Report:

Global Animal Nutrition

The global animal nutrition market is estimated to display growth in its revenue during 2019-2028 at a CAGR of 5.18. Moreover, it is expected to reap revenue worth $18050.7 million by 2028.

Animal nutrition products essentially help boost the immune system of animals. Moreover, these dietary components help improve livestock products, maintaining overall animal well-being.
Factors such as the surging industrialization of livestock, coupled with elevated demand for animal nutrition, are driving the growth of the animal nutrition market.

Besides this, the increase in disposable income and surging demand for meat-based products are opening new avenues for the animal nutrition market.

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