Vantage Market Research
Jun 12, 2023
In terms of revenue, the Global Eubiotics Market is expected to reach USD 9.63 Billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030.
The growth of the Eubiotics market can be attributed to several factors. First, there is a growing awareness of maintaining optimal digestive health through a balanced diet. Eubiotics are known to promote healthy digestion and have a positive impact on the gut microbiome, which, as a result, improves overall health and well-being. Second, the increasing demand for meat and dairy products has led to the use of eubiotics in animal nutrition. Eubiotics add value to feed by improving digestibility, increasing nutrient uptake, and strengthening animal immunity, ultimately leading to better growth and productivity. Third, the banning of antibiotic growth promoters in several countries has created a major opportunity for the Eubiotics market. Eubiotics are a sustainable and effective alternative to antibiotics in feed. Finally, the rise of the clean labeling trend has encouraged consumers to choose natural and organic products that contain biotics, which is generally considered safe and environmentally friendly. These trends are expected to drive the growth of the Eubiotics market in the coming years.
Key Highlights from the Report
. Based on Type, the market is segmented into prebiotics, probiotics, organic acids, and others. In 2022, the probiotics market led the eubiotics industry globally. Probiotics are living microorganisms that are added to the diet to change the composition of the gut microbiota. Enterococcus faecium and spore-forming bacillus spp. are two commonly utilized probiotic bacteria for swine. Probiotics improve health by boosting lactic acid synthesis, producing certain antimicrobial compounds, and reducing the generation of harmful amines. Additionally, they improve gut immunity and lower gastrointestinal tract ammonia levels.
. Based on Form, there are two categories within the segment: solid and liquid. Since solid eubiotics have a longer shelf life, are simpler to store and carry, and have positive health effects, demand for them is anticipated to be significant throughout the projection period. Nevertheless, it is anticipated that over time the prediction, the demand for liquid eubiotics will rise. The feed may be simply combined with liquid eubiotics without changing the flavor or texture.
. Based on Livestock, the segment has been divided into poultry, cattle, swine, aquaculture, and others. In 2022, the poultry industry represented a sizeable portion of the market. Due to its high nutritional content, wide availability, and low cost, chicken is experiencing an increase in demand on the global market. The expansion of this market is due to rising consumer knowledge, expanding food safety concerns, and the need for meat of the highest caliber. To improve digestion, promote development, and strengthen the immune system in chickens, eubiotics are given to the diet.
. In terms of Region, Europe is expected to be the dominating region in for Eubiotics market during the forecast period. A significant portion of the market is anticipated to be accounted for by Europe over the projected period. Growth in this area is driven by rising public knowledge of the advantages of eubiotics, the implementation of strict restrictions, and a prohibition on the use of antibiotics. The adoption of high-quality feed additives in this area, together with growing concerns about animal health and safety, is driving the expansion of the Eubiotics market. The market in Europe has been further bolstered by technical improvements, expenditures in research & development, and the presence of major companies.
Market Dynamics
The demand for animal protein is anticipated to rise with the increase in the world population, which will result in the increasing usage of eubiotics in animal feed formulations. Another reason for the broad usage of eubiotics is the prohibition of the use of antibiotics in animal feed in some areas. The demand for eubiotics has also increased as a result of the desire to increase animal production and health while lowering the use of antibiotics in animal feed. Future market growth is also anticipated to be fueled by the growing awareness of eubiotics' advantages among animal producers.
The growing demand for natural alternatives to antibiotic growth promoters (AGPs) in animal feed is a prominent trend in the eubiotics sector. Consumers and governing authorities are advocating for a decrease in the use of AGPs in animal feed in light of rising concerns about the spread of antibiotic resistance. Probiotics, prebiotics, and essential oils, together known as "eubiotics," have gained popularity as a natural alternative to antibiotics for supporting animal performance and health. Additionally, the need for eubiotics in animal nutrition is being fueled by the development of plant-based diets and the need for sustainable agriculture. As a result, the market for eubiotics is anticipated to develop significantly during the upcoming years. Antibiotic-resistant bacteria have emerged as a result of the usage of antibiotics in animal production, endangering public health. Eubiotics, which are organic antibiotic substitutes, are now in greater demand as a result. Eubiotics have a growing market, but there are barriers to it, including a lack of R&D, a strained supply chain, and a high price compared to antibiotics. However, the growing public awareness of the negative effects of antibiotics in food items has given eubiotics producers a chance to increase their market share.
Europe dominated the overall Eubiotics market in 2022, Europe Eubiotics Market is estimated to be the most dominant region during the forecast period. The Eubiotics market is examined geographically, taking into account the distinctive characteristics of each area and how they affect the market as a whole. Due to the cattle industry's emphasis on animal health and welfare, Europe now controls the market. But throughout the projected period, the Asia Pacific region is anticipated to develop at the highest CAGR due to rising demand for meat and dairy products as well as raising public awareness of the advantages of eubiotics in animal nutrition. The expanding need for natural feed additives and the rising popularity of organic and natural products in North America both contribute to the region's size as a market.
The Global Eubiotics Market is Segmented as follows
A list of the Key Players of the Global Eubiotics Market is
DSM (Netherlands), Novus International Inc. (U.S.), UAS Laboratories (U.S.) Lallemand Inc. (Canada), Calpis Co. Ltd. (Japan), Advanced BioNutrition Corp. (U.S.), BENEO (Germany), BEHN MEYER (Germany), Lesaffre Group (France), Kemin Industries Inc. (U.S.), DuPont de Nemours Inc. (U.S.), Novozymes (Denmark), Associated British Foods PLC (UK), Chr. Hansen Holding A/S Denmark), Evonik Industries AG (Germany), BASF SE (Germany), Cargill Inc. (U.S.), ADM (U.S.), Bluestar Adisseo Co. (China), Biomin (Austria)
The Global Eubiotics Market Scope can be Tabulated below
Parameter
Details
Market Size Provided for Years
2017 - 2030
Base Year
2022
Historic Years
2017 - 2021
Forecast Years
2023 - 2030
Segments Covered
Regions & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis