Eubiotics Market ResearchEubiotics support towards digestive health and a substitute to antibiotics in feed is likely to support the growth of the eubiotics market globally. However, increasing the prices of raw materials is seen to possess high risk and is considered to be a major challenge to this market.Eubiotics Market Overview:
The MRFR reports suggest that the global eubiotics market is anticipated to register substantial growth over the assessment timeframe ending in 2027.
Eubiotics refer to the ingredients used to enhance the quality of animal nutrition and animal fodder's properties to enhance the immunity and gut health of livestock. Eubiotics are made of organic acids, probiotics, prebiotics, and other essential compounds. They are used as digestive stimulants that develop a healthy microflora balance in the gastrointestinal tract.
The global eubiotics market has registered enormous growth in the past few years. The market's growth is credited mainly to the growing awareness related to the available health benefits to farm animals from the eubiotic additives. Furthermore, factors such as increasing health concerns among the sizeable global population and the introduction of new products are also likely to boost the demand for these products worldwide over the forecasted timeframe.
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Segment Analysis
The global eubiotics market has been categorized into numerous segments based on type, form, function, livestock, and region.
Based on the type, the global market for eubiotics is split into prebiotics, probiotics, and others.
The global eubiotics market is fragmented into liquid and dry based on form.
Based on function, the global market for eubiotics is split into immunity, general health & wellness, gut & digestive health, and others.
Based on livestock, the eubiotics market is categorized into aquatic, ruminants, swine, poultry, and others.
Regional Analysis
The global market for eubiotics is studied across four major regions, including Asia-Pacific, Europe, North America, and the rest of the world (RoW).
According to the research reports by MRFR, the European region is anticipated to secure the top position in the global eubiotics market. The growing demand mainly owes to the regional market's growth for eubiotics across the region. France and Germany are emerging to be the leading markets across the region. Furthermore, the rapid growth in awareness towards animal health is also anticipated to catalyze the regional market's growth over the assessment timeframe. Moreover, the stringent regulations imposed by the governing bodies regarding the use of antibiotics in animals as a growth promoter in North America and Europe are likely to cause an upsurge in the growth of the regional eubiotics market.
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Competitive Analysis
The global eubiotics market is well-known for its incredibly competitive landscape. The players across the market are concentrating on growing their global market reach and thus deploy various growth policies. The growing investments by key market players in research & development activities are likely to raise the market concentration over the coming years. The global eubiotics market has prominent leaders such as Behn Meyer Holding AG (Germany), Kemin Industries, Inc. (U.S.), Chr Hansen Holding A/S (Denmark), BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Lallemand Inc. (Canada), Calpis Co., Ltd. (Japan), Novozymes A/S (Denmark), Cargill Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), and several others.
Recent Developments
- July 2021- DSM has announced the acquisition of Midori USA, Inc, a biotechnology start-up with a new precision platform for developing ground-breaking targeted eubiotics for enhancing the health and environmental impact of animals.
- September 2021- a global, science-based company, Royal DSM, has announced its plans to completely center its resources and capabilities to deal with the urgent societal and environmental challenges associated with how the world produces and consumes food. The company stated in a press release that the company is streamlining its operating structure and restructuring its Health, Nutrition & Bioscience activities into three Business Groups, each with certain prospects to profit the health of people and the health of the planet, reinforcing DSM's growth plans. Simultaneously, DSM confirms that it has begun a review of strategic options for its Materials businesses, including a potential change of ownership.
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