Market Overview:
Eubiotics, encompassing prebiotics, probiotics, organic acids, and essential oils, serve as feed additives to enhance feed functionality. These additives contribute to the improvement of gut micro-floral conditions and increase lactose tolerance, fostering healthy animal growth.
Market Forecast:
The global eubiotics market is poised for growth due to escalating health awareness concerning livestock. Technological advancements and product development are significant factors driving this market’s expansion. Responding to emerging opportunities, market players are diversifying their service offerings, elevating eubiotics as a crucial feed additive worldwide. Moreover, the role of eubiotics in supporting digestive health and serving as antibiotic substitutes in feed is expected to drive market growth. However, the surge in raw material prices poses a considerable risk and stands as a major challenge. Despite these obstacles, the eubiotics market is projected to achieve an estimated CAGR of 8.35% during the forecast period from 2023 to 2032.
Downstream Analysis:
Eubiotics are classified by type into probiotics, prebiotics, and others. Probiotics dominate the market due to their high efficacy. In terms of form, eubiotics are available as dry and liquid. The liquid form, easily incorporable into feed, provides convenience for livestock consumption. Function-wise segmentation includes gut & digestive health, general health & wellness, immunity, and others. Gut & digestive health commands the market owing to its support for animal micro-flora against diseases. Livestock segmentation comprises poultry, swine, ruminants, aquatic, and others, with poultry leading due to the high protein content in eubiotics, enhancing the growth rate of poultry birds.
Competitive Analysis:
Major players in the eubiotics market Share include I. du Pont de Nemours and Company, Koninklijke DSM N.V., Cargill Inc., BASF SE, Novozymes A/S, Chr Hansen Holding A/S, Calpis Co., Ltd., Kemin Industries, Inc., Lallemand Inc., and Behn Meyer Holding AG.
Regional Analysis:
Europe dominates the global eubiotics market, driven by increasing awareness of livestock health. Developed countries like Germany, France, the U.S., Canada, and Mexico exhibit heightened consumption of eubiotics for gut health support. In the Asia Pacific region, particularly in emerging economies like China, India, and Indonesia, substantial growth in the global eubiotics market is anticipated during the forecast period from 2023 to 2032.
Market Segmentation:
Eubiotics market segmentation includes types (probiotics, prebiotics, others), forms (dry, liquid), functions (gut & digestive health, general health & wellness, immunity, others), livestock (poultry, swine, ruminants, aquatic, others), and region (North America, Europe, Asia Pacific, RoW).
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