Market Analysis: Global Eubiotics Market
Eubiotics market is expected to register a substantial CAGR of 7.61% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the favourable regulations from the government such as imposing of ban on antibiotics as growth promoters in feed nutritional components.
Market Definition: Global Eubiotics Market
Eubiotics are essentially feed additives that are used for acting as growth stimulators, enhancing gut functionality, nutrition retention and optimizing the health of livestock by maintaining the healthy condition of eubiosis in gastrointestinal tract of animals. This results in enhancement of performance and nutritional health in animals.
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Rising levels of demand for better nutrition and proteins for animals and different livestock; this factor is expected to drive the growth of the market
Utilization of these compounds as a replacement of antibiotic growth promoters; this factor is expected to boost the growth of the market
Enhanced rate of adoption for processes/manufactured animal feed; this factor is expected to propel the growth of the market
Growing awareness amongst various consumers regarding the maintenance of feed quality and their safety which can subsequently help in health of livestock; this factor is expected to foster growth of the market
Availability of various complicated regulatory procedure for trading; this factor is expected to hinder the growth of the market
Complications of the food production chain increasing significantly resulting in decreased adoption rate from the food production industry; this factor is expected to hinder the growth of the market
Large financial costs associated with the production of these compounds is expected to act as a restraint to the growth of the market
Segmentation: Global Eubiotics Market
Nutrition & Gut Health
Food & Beverages
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of Middle East and Africa
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Key Developments in the Market:
In June 2019, DSM announced the availability of “Balancius” developed in collaboration with Novozymes for the European Union region. “Balancius” supports gastrointestinal functionality subsequently optimizing efficiency of feed and enhancing the sustainable nature of broiler production
In November 2016, BASF SE announced that they had entered into a strategic partnership with South China Agriculture University (SCAU) for a research project on examining the effects of organic acids utilized as replacement for antibiotic growth promoters in piglets
Global eubiotics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eubiotics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global eubiotics market are DSM; BASF SE; Chr. Hansen Holding A/S; Novozymes; ASAHI GROUP HOLDINGS, Ltd.; Lesaffre; Kemin Industries, Inc.; Lallemand Inc.; BEHN MEYER; NOVUS INTERNATIONAL; BENEO; Yara; Roquette Frères; FrieslandCampina; Neospark Drugs and Chemicals Private Limited; MSPrebiotics Inc. among others.
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