According to Future Market Insights’ (FMI) study, the global eubiotics market will reach US$ 2.68 billion in 2021, an increase of 6.7% year over year (YoY). The entire demand for eubiotics is expected to grow at a 7.4% CAGR to reach US$ 5.47 Bn in 2031, accounting for 16.4% of the global animal feed market in 2031.
The eubiotics market is emerging as antibiotic alternatives or animal antimicrobials by-product in the animal feed industry intended to boost livestock immunity and gut health while acting as livestock nutrition. Considering this, the increasing demand for animal feed additives and animal specialty drugs will result in high demand for eubiotics market.
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The demand for eubiotics is growing as animal farming industries aim for improved effeciency, which includes an increase in livestock yield. Antibiotics, for the longest time, have remained crucial for improving animal productivity. Antibiotics are still in use in many countries as a sub-therapeutic substance for animal growth. But banning of antibiotics is encouraging manufacturers to go for alternative solutions, controlling the rise of AMR (anti-microbial resistance) products at the global level.
Eubiotics, such as prebiotics, probiotics, enzymes, and organic acids, can add the essential nutritional components to reduce the antibiotic use in farmed animals that can enable the industry to grow further. Key manufacturers like DSM are developing effective eubiotics solutions to reduce the prophylactic use of antibiotics and to remove AGPs to tackle AMR, to switch to antibiotic-free animal diets smoothly over time.
Key Takeaways from the Eubiotics Market Study:
- North America eubiotics market leads accounted for 31.1% of the global eubiotics market in 2021.
- Based on type, organic acid accounted for a dominant market share of 48.3% in the global market in 2021.
- In terms of form, the liquid form is anticipated to register a CAGR of 7.8% during the forecast period (2021-2031).
- By function, nutrition and gut health segment is accounted for 37.9% of the total market share in 2021.
- Among livestock segments, demand for eubiotics in aquaculture is anticipated to increase by a CAGR of 8.1% during the forecast period.
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Who is winning?
Mature eubiotics markets can be influenced by consumer behavioral changes to dictate the demand-supply balance paradigm and the critical demographic position of the market as well. Focus on environmental sustainability is the broad level indicator of growth of the eubiotics market, as governments and regulatory bodies are introducing stringent rules regarding standard eubiotics products.
According to the Veterinary Medicines Regulation, published on December 11, 2018, the regulatory body has identified the need to control use of antimicrobial farm animal products and has put a ban on the prophylactic and metaphylactic antimicrobials usage in animals. The regulation will come into effect from January 28, 2022, compelling manufacturers to convert the antibiotic based products into sustainable alternatives like eubiotics.
Some of the leading companies offering eubiotics are Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, Eubiotics, Lesaffre Group, Kemin Industries, Inc., Novus International, Inc., Chr. Hansen Holding A/S, Beneo Group, and others.
Eubiotics by Category
By Type, eubiotics is segmented as:
- Probiotics
- Prebiotics
- Organic Acid
- Essential Oil
- Enzymes
By Form, eubiotics is segmented as:
- Dry
- Liquid
By Function, eubiotics is segmented as:
- Nutrition and Gut Health
- Yield
- Immunity
By Livestock, eubiotics is segmented as:
- Cattle
- Poultry
- Swine
- Aquaculture
- Others
By Region, eubiotics is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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