The demand for eubiotics in animal feed is projected to grow during the forecast period, owing to the rapidly increasing global demand for quality animal products. The eubiotics market is influenced by the growth of the awareness among consumers with respect to preventive healthcare and nutrition. The biotechnology industry is now creating an opportunity for growth in the eubiotics sector. Factors such as low shelf life of eubiotics and high cost of eubiotics leading to the rise in cost of production are restraining the growth of the market.
“Probiotics segment accounted for the largest market share in 2016 among the types of eubiotics”
On the basis of type, eubiotics have been segmented into probiotics, prebiotics, organic acids, and essential oils. Among these, the probiotics segment accounted for the largest market share in 2016, followed by the organic acids and prebiotics segments, respectively. Probiotics are largely used for poultry, for healthy growth. The market is projected to grow at a CAGR of +7% by 2021
On the basis of livestock, the eubiotics market has been segmented into swine, ruminants, poultry, aquatic animals, and others, which include horses, sheep, and birds. The market was led by poultry followed by swine. Eubiotics are mixtures of carbohydrates and proteins, which help in strengthening the immune system and also act as growth promoters. Eubiotics help in adding nutritional value to animal feed. On the basis of type, the market for probiotics is expected to be the fastest-growing, as these probiotics are highly effective. The consumption of eubiotics is increasing significantly with various government regulations being adopted to improve the animal health. The ban on the use of antibiotics as growth promoters in the European Union has created a massive demand for eubiotics. Eubiotics have tremendous market opportunities in the animal feed industry around the world. The animal feed industry in the European and Asia-Pacific regions is significantly influenced by the demand for animal feed additives, increase in concerns toward disease outbreak in livestock, and rise in demand for milk and meat products.
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The application of eubiotics in animal feed is estimated to increase at a faster pace in the European and Asia-Pacific regions due to the rise in demand from consumers. The farming techniques used in the region require healthy and strong farm animals, and eubiotics helps in balancing digestive systems and enhancing immunity systems of the livestock. The changing dietary pattern has led to increased meat consumption among the people of Asia-Pacific, which has led to the industrialization of meat production in the region. The demand for healthy livestock is fueling the demand for eubiotics-based animal feed.
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the eubiotics market; high-growth regions; and market drivers, restraints, and opportunities.
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on eubiotics offered by the top players in the global eubiotics market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the eubiotics market
Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for eubiotics across various regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global eubiotics market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global eubiotics market.
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