Global Eubiotics market outlook 2024, Forecast To 2033
4 Mar, 2024
The eubiotics market size has exhibited strong growth trends, rising 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 factors such as rising consumer awareness of healthy diets, livestock health focus, antibiotic resistance concerns, increasing meat consumption, and research and development investments. Moving forward, the market is poised for continued growth, reaching$8.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth include the emergence of eubiotic blends, sustainable agriculture trends, expansion of the dairy industry, and rising demand for antibiotic-free products. Major trends in the forecast period include the replacement of antibiotic growth promoters, emphasis on prebiotics and probiotics, advancements in microbial solutions, sustainable practices, expansion in aquaculture applications, and collaborations.
Global Eubiotics Market Key Driver
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. The eubiotics market witnessed significant growth in 2023, reaching a value of $XX billion, and this upward trend is expected to persist through 2024 and onwards.
Get A Free Sample Of The Global Eubiotics Market ReportGlobal Eubiotics Market Segments
The global 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
By Geography: The regions covered in the eubiotics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the eubiotics market in 2023. The regions covered in the eubiotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Eubiotics Industry Players
BASF SE, Koninklijke DSM NV, Lallemand Inc., Novus International Inc., Chr Hansen Holding A/S, Cargill Inc., E I du Pont de Nemours and Company, Calpis Co. Ltd., Lesaffre Group, Kemin Industries Inc., Evonik Industries AG, Archer Daniels Midland Company, Beneo GmbH, BioResource International Inc., Biomin Holding GmbH, Bluestar Adisseo Company, Dupont Nutrition & Biosciences, Nutreco NV, Pancosma SA, Provimi Holding BV, Synbio Tech Inc., Vetagro SpA, Wacker Chemie AG, Zinpro Corporation, Alltech Inc., Danisco Animal & Nutrition, Impextraco NV, Nuscience Group, Olmix Group
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Eubiotics Market Overview
Eubiotics are natural digestive feed additives that boost animal health and immune system performance. Eubiotics combine various food supplements, such as prebiotics, probiotics, and polysaccharides. Eubiotics maintain gut health and immunity development, maintain microflora in the gastrointestinal tract, and improve animal health.
Eubiotics Global Market Report 2023 provides data on the global eubiotics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The eubiotics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.