Global Eubiotics Market: Overview
To maintain the optimal balance of the dubious which is present in the gastrointestinal tract eubiotic products are used. In a simple way, it can be said that eubiotics help in improving the immune system thus being used on a large scale. It helps in keeping the animals well nourished. For the normal working of the body eubiotics help in absorbing the nutrients in a proper way. The different products of the eubiotics include essential oils, organic acids, probiotics, and prebiotics. Among them, the probiotics and prebiotics segment is leading the market.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Eubiotics Market: Segmentation
The global eubiotics market is segmented into its type, livestock, function, form, and region. On the basis of type, the global market is segregated into prebiotics, essential oils, probiotics, and organic acids. Based on the livestock, the market is divided into swine, aquatic animals, horses, birds, poultry, ruminants, and sheep. On the basis of the function, the eubiotics market is categorized into nutrition and gut health, immunity, yield, and production. Based on the form, the market is divided into liquid and dry.
Global Eubiotics Market: Growth Factors
Increase in the demand for the animal protein products, increasing the living standard of the people, and the ban on the use of the antibiotics are some factors that are driving the eubiotics market. The other factors that are contributing to the market growth in a positive way are the initiatives taken by the government, rise in the consumption of the meat, increase in the research and development activities, nutritional benefits that are provided, and the innovations that are made in the product contribute to the growth of the market. Additionally, people have become more concerned about the quality of the dairy and the meat products, people are now also aware of the diseases that are caused by consuming animal products thus there is an increase in the demand for the better quality animal feed. These factors are driving the growth of the market. However, the high production cost and the strict government regulations are certain factors that are hampering the growth of the market.
Global Eubiotics Market: Regional Analysis
Region-wise, the global eubiotics market is diversified into North America, Asia-Pacific, Europe, and the Rest of the World. The region that has the largest market share in the global market is Europe. In Europe, the countries that are contributing the major market share include France, Germany, and the UK. North America is contributing a huge market share owing to the factors such as growing concern about the animal health and the ban on the usage of the antibiotics in animal feed. Asia Pacific is also having a good share in the eubiotics market. The factors that contribute to the market growth include increased awareness among the people about the consumption of quality meat and dairy products and the increasing living standards of the people.
Global Eubiotics Market: Competitive Players
The key market players in the eubiotics market include Cargill, E. I. du Pont de Nemours and Company, Chr. Hansen A/S, Calpis Co., Ltd., Kemin Industries, Inc., ADDCON, Novus International Inc., Advanced BioNutrition Corporation, BASF SE, Koninklijke DSM N. V., Novozymes, Lesaffre Group, Lallemand Inc., and Behn Meyer.
Global Eubiotics Market: Regional Segment Analysis
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