The Eubiotics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Eubiotics Global Market Report 2024, The eubiotics market size has grown strongly in recent years. It will grow from $5.37 billion in 2023 to $5.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to rising consumer awareness of healthy diets, focus on livestock health and performance, antibiotic resistance concerns, increasing meat consumption, research and development investments.
The eubiotics market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to emergence of eubiotic blends, growing trend of sustainable agriculture, expansion of dairy industry, application in horse nutrition, integration of prebiotics and postbiotics, rising demand for antibiotic-free products.. Major trends in the forecast period include replacement of antibiotic growth promoters (agps), prebiotics and probiotics dominance, regulatory emphasis on antibiotic reduction, advancements in microbial solutions, sustainable and eco-friendly practices, expansion in aquaculture applications, collaborations and partnerships.
The surge in the livestock population base in the eubiotics market is expected to drive the market’s growth during the forecasting period. Livestock refers to various breeds of animals that are raised for commercial purposes, including domestic and wild animals. The population of livestock animals is increasing due to the use of animals for commercial purposes, such as the sale of milk, eggs, chicken, and fiber products. For instance, in 2021, according to a report by the Brazilian Institute of Geography and Statistics, hogs and pigs reached 42.25 million, a rise of 3.2%. Therefore, the rising use of livestock animals for commercial purposes is anticipated to fuel the growth of the eubiotics market in the upcoming years.
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The eubiotics market covered in this report is segmented –
1) By Product Type: Probiotics, Prebiotics, Organic Acids, Essential Oils, Enzymes
2) By Function: Gut And Digestive Health, General Health And Wellness, Immunity
3) By Form: Dry, Liquid
4) By Livestock: Cattle, Poultry, Swine, Aquaculture, Other Livestock
Product innovation is a key trend in the eubiotics market. Major players in the market are focusing on creating innovative products to increase the quality of feed additives in eubiotic products. High-quality nutrients, such as probiotics, are feed additives that improve animal performance by enhancing gut health. For instance, in May 2021, Chr. Hansen Holding A/S, a Denmark-based company that develops natural animal nutrients, launched a probiotic product known as Bacillus. This product is a probiotic that produces high-quality digestive enzymes to improve the gut health of animals.
The eubiotics market report table of contents includes:
1. Executive Summary
2. Eubiotics Market Characteristics
3. Eubiotics Market Trends And Strategies
4. Eubiotics Market – Macro Economic Scenario
5. Global Eubiotics Market Size and Growth
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26. South America Eubiotics Market
27. Brazil Eubiotics Market
28. Middle East Eubiotics Market
29. Africa Eubiotics Market
30. Eubiotics Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Koninklijke DSM NV
- Lallemand Inc
- Novus International Inc
- Chr Hansen Holding A/S
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