Vancouver, BC -- (SBWire) -- 04/14/2021 --The global eubiotics market size is expected to reach USD 10.89 Billion in 2028 and register a CAGR of 8.0% over the forecast period, according to latest analysis by Emergen Research. Key factors projected to drive market revenue growth include increasing global consumption of meat, specifically chicken, milk, and eggs owing to a rapidly growing global population, shift in dietary preferences, changing food consumption patterns, rising demand for manufactured feed, and increasing awareness about feed quality on livestock health and wellness.
In addition, increasing incidence of poultry disease outbreaks have resulted in more stringent regulations and norms being implemented by governments, which is a factor prompting livestock farmers to increase focus on livestock health and shift towards more healthy feeds and additives. Use of traditional antibiotic growth promoters in animal farming has been banned in various countries as it posed health challenges over the years. The ban has resulted in a rapid shift towards eubiotics as an alternative to antibiotics. Manufacturers have introduced targeted solutions to boost the immunity of livestock against bacterial and viral infections, enhance lactose tolerance levels, and improve digestive efficacy.
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The market in Asia Pacific is expected to register a comparatively faster revenue CAGR than other regional markets due to industrialization of livestock, growing population, and rising demand for meat in countries such as Japan, India, and China. In addition, development of various alternatives to traditional antibiotic growth promoter to enhance immune system of livestock in countries in the region is expected to support market growth going ahead.
Key players in the global eubiotics market are BASF SE, Novus International, Lallemand Inc., Cargill Inc., Koninklijke DSM NV, Kemin Industries, Lesaffre Group, Behn Mayer Group, Yara International ASA, and DuPont.
The COVID-19 impact:
The COVID-19 pandemic could in no way jeopardize industry growth. Key market players are skeptical about the future of the industry and seek to build ways to aid in this challenging situation. The industry had a major effect on the pandemic, and numerous large plants had to interrupt their production and other activities. The normal lockout in various parts of the country makes for a shortage of capital. Contributing to major deterioration of domestic demand were trade, exports, and imports from abroad in COVID-19. The largest businesses in the world strive to clean up budgets and build cash reserves. There is no doubt that the actual disposable income of employees will decrease, and producers are looking at alternatives to satisfy consumer demand at a much lower rate.
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Important Points Mentioned in the Eubiotics Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years' sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
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Product Outlook (Revenue, USD Billion; 2018–2028)
Probiotics
Prebiotics
Organic Acids
Essential Oils
Exogenous Enzymes
Form Outlook (Revenue, USD Billion; 2018-2028)
Solid
Liquid
Application Outlook (Revenue, USD Billion; 2018-2028)
Gut Health
Immunity
Yield
Production
End-use Outlook (Revenue, USD Billion; 2018–2028)
Poultry
Swine
Ruminant
Aquaculture
Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA
Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Eubiotics market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Eubiotics market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Eubiotics market growth worldwide?
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Table of Content
Chapter 1. Eubiotics Market Methodology & Sources
1.1. Eubiotics Market Definition
1.2. Eubiotics Market Research Scope
1.3. Eubiotics Market Methodology
1.4. Eubiotics Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Eubiotics Market Key Insights
Chapter 4. Eubiotics Market Segmentation & Impact Analysis
Chapter 5. Eubiotics Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Eubiotics Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Eubiotics Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Eubiotics Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Eubiotics Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
Eubiotics Market Worldwide Share, Recent Trends, Business Overview, Application, Types, Future Growth and Forecasts 2020 – 2028
The study methodologies used to examine the Eubiotics market for the forecast period, 2020 - 2028 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.