Growing focus on improving livestock health and animal feed quality and increased usage of eubiotics in poultry and aquaculture are some key factors driving market revenue growth
According to Emergen Research, the global eubiotics market size was USD 5.82 billion in 2020 and is expected to reach USD 10.89 billion in 2028 and register a revenue CAGR of 8.0% during the forecast period, 2021-2028.
The global eubiotics market revenue growth is mainly attributed to factors such as rise in global consumption of meat products including chicken, milk, and eggs, increasing livestock farming activities, growing awareness of livestock health and animal feed quality, and changing patterns of food consumption. Eubiotics refer to a particular group of feed additives consisting of probiotics, prebiotics, essential oils and organic acids. These additives are beneficial for livestock health as they promote the growth of healthy bacteria in the gastrointestinal tract, aid in the production of digestive enzymes, and strengthen immune system of animals. Eubiotics are an effective solution for maintaining gut health of livestock, and their selection is based on factors such as animal diets and genetics.
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Rising incidence of poultry disease outbreaks such as bird flu and swine flu, stringent government norms and regulations for livestock health & safety, increasing regulatory bans on the use of traditional antibiotic growth promoters, and rising adoption of eubiotics to protect livestock against viral infections and improve their digestive functions are other major factors contributing to market revenue growth.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Probiotics Product Type Segment to Account for Largest Revenue Share:
The probiotics segment is expected to dominate other product type segments in terms of revenue share in the global eubiotics market over the forecast period. Growing awareness about the use of eubiotics and increasing usage of probiotics including Enterococcus Faecium in animal feed due to their robust anti-bacterial properties, ability to boost immunity, and improve gut health are major factors expected to drive revenue growth of this segment.
Poultry End-use Segment Accounted for Largest Revenue Share in 2020:
Based on end-use, the poultry segment accounted for the largest revenue share in the global eubiotics market in 2020 attributable to increasing global population, rising consumption of poultry products such as chicken and eggs, growing usage of eubiotics in poultry feed, and increasing concerns about the quality of these products.
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Asia Pacific to Register Fastest Revenue CAGR:
Among the regional markets, the Asia Pacific eubiotics market is expected to register the fastest revenue growth rate in the global market over the forecast period owing to favorable factors. Rapidly growing population – particularly in countries including India and China, growing demand for poultry products, increasing production of livestock, and rising adoption of healthier alternatives to traditional antibiotic growth promoters are some of the major factors expected to drive revenue growth of the Asia Pacific eubiotics market.
Major Companies in the Market Include:
- BASF SE
- Novus International
- Lallemand Inc.
- Cargill Inc.
- Koninklijke DSM NV
- Kemin Industries
- Lesaffre Group
- Behn Mayer Group
- Yara International ASA
For the purpose of this report, Emergen Research has segmented the global eubiotics market based on product type, form, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Organic Acids
- Essential Oils
- Exogenous Enzymes
Form Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
- Gut Health
End-use Outlook (Revenue, USD Billion; 2018–2028)
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Region Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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