The eubiotics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Eubiotics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The eubiotics market size has grown strongly in recent years. It will grow from <b>$5.37 billion in 2023 to $5.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the historic period can be attributed to rising consumer awareness of healthy diets, focus on livestock health and performance, antibiotic resistance concerns, increasing meat consumption, research and development investments.
The eubiotics market size is expected to see strong growth in the next few years. It will grow to <b>$8.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. </b> The growth in the forecast period can be attributed to emergence of eubiotic blends, growing trend of sustainable agriculture, expansion of dairy industry, application in horse nutrition, integration of prebiotics and postbiotics, rising demand for antibiotic-free products. Major trends in the forecast period include replacement of antibiotic growth promoters (agps), prebiotics and probiotics dominance, regulatory emphasis on antibiotic reduction, advancements in microbial solutions, sustainable and eco-friendly practices, expansion in aquaculture applications, collaborations and partnerships.
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Scope Of Eubiotics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Eubiotics Market Overview
Market Drivers –
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.
Market Trends –
Product innovation is a key trend in the eubiotics market. Major players in the market are focusing on creating innovative products to increase the quality of feed additives in eubiotic products. High-quality nutrients, such as probiotics, are feed additives that improve animal performance by enhancing gut health. For instance, in May 2021, Chr. Hansen Holding A/S, a Denmark-based company that develops natural animal nutrients, launched a probiotic product known as Bacillus. This product is a probiotic that produces high-quality digestive enzymes to improve the gut health of animals.
The 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
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Regional Insights –
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.
Key Companies –
Major companies operating in the eubiotics market report are 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
Table of Contents
1. Executive Summary
2. Eubiotics Market Characteristics
3. Eubiotics Market Trends And Strategies
4. Eubiotics Market – Macro Economic Scenario
5. Global Eubiotics Market Size and Growth
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31. Global Eubiotics Market Competitive Benchmarking
32. Global Eubiotics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Eubiotics Market
34. Eubiotics Market Future Outlook and Potential Analysis
35. Appendix
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