Eubiotics Market Introduction
Eubiotics are natural or synthetic substances that are added to animal feed to improve gut health and promote growth and performance. They can include prebiotics, probiotics, organic acids, and essential oils. Eubiotics are used as an alternative to antibiotics in animal feed, which are being increasingly restricted due to concerns over antibiotic resistance in humans.Eubiotics work by improving the microbial balance in the gut, promoting the growth of beneficial bacteria and reducing the growth of harmful bacteria. This results in improved nutrient absorption, better immune function, and overall better health and performance in animals.The use of eubiotics in animal feed has become increasingly popular in recent years, as consumers have become more concerned about the use of antibiotics in animal agriculture and the potential impact on human health. Additionally, the growing demand for meat and animal products in developing countries has led to an increased focus on animal health and welfare, driving the demand for eubiotics.Eubiotics are used in various animal species, including poultry, swine, cattle, and aquaculture. They are available in various forms, such as powders, liquids, and capsules, and can be added directly to animal feed or administered separately.The global eubiotics market is expected to grow significantly in the coming years, driven by increasing demand for natural and sustainable animal feed additives, rising concerns over antibiotic resistance, and growing awareness about the benefits of eubiotics in animal health and performance.
Eubiotics Market Size
The global eubiotics market size was valued at USD 4.15 billion in 2020 and is projected to reach USD 6.39 billion by 2028, growing at a CAGR of 5.5% during the forecast period.The growth of the eubiotics market is driven by increasing demand for natural and sustainable animal feed additives, rising concerns over antibiotic resistance, and growing awareness about the benefits of eubiotics in animal health and performance. Additionally, the growth of the meat and dairy industry, particularly in developing countries, is driving the demand for eubiotics.Poultry is the largest application segment for eubiotics, followed by swine and cattle. The growth in demand for poultry meat and eggs, particularly in Asia Pacific and Latin America, is driving the demand for eubiotics in the poultry industry.Europe is the largest market for eubiotics, followed by North America and Asia Pacific. The high awareness about animal health and welfare and strict regulations on the use of antibiotics in animal feed are driving the demand for eubiotics in Europe.Overall, the eubiotics market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for natural and sustainable animal feed additives and the growing awareness about the benefits of eubiotics in animal health and performance.
Eubiotics Market Share
The eubiotics market is expected to grow at a significant rate in the coming years, driven by the increasing demand for natural feed additives and the rising awareness regarding animal health and nutrition. The market is highly competitive, with several key players operating in the market.
As of 2021, some of the major players in the eubiotics market include:
- Cargill, Incorporated: Cargill is a leading global producer and supplier of eubiotics, offering a wide range of products, including probiotics, prebiotics, and organic acids. The company has a strong global presence, with operations in North America, Europe, Asia-Pacific, and Latin America.
- Chr. Hansen Holding A/S: Chr. Hansen Holding is a leading global provider of eubiotics, offering a wide range of products, including probiotics, enzymes, and natural colors. The company has a strong presence in the European market, and its products are used in various industries, including animal health, human health, and food and beverage.
- DSM Nutritional Products AG: DSM Nutritional Products is a leading global provider of eubiotics, offering a wide range of products, including probiotics, prebiotics, and organic acids. The company has a strong presence in the European and North American markets and is focused on developing innovative products to meet the changing needs of the industry.
- Kemin Industries, Inc.: Kemin Industries is a global provider of eubiotics, offering a wide range of products, including probiotics, prebiotics, and enzymes. The company has a strong presence in the Asia-Pacific region and is focused on developing sustainable and natural solutions to address the challenges facing the industry.
- Evonik Industries AG: Evonik Industries is a leading global provider of eubiotics, offering a wide range of products, including probiotics, prebiotics, and organic acids. The company has a strong presence in Europe and Asia-Pacific and is focused on developing innovative and sustainable solutions to address the growing demand for natural feed additives.
Other key players in the eubiotics market include DuPont, Novozymes A/S, Biovet JSC, Lallemand Inc., and Adisseo, among others.
Eubiotics Market Trends
The eubiotics market is experiencing several key trends that are driving its growth and development. Some of the major trends in the eubiotics market include:
- Rising demand for natural feed additives: With consumers increasingly looking for natural and sustainable food products, there is growing demand for natural feed additives, including eubiotics. Eubiotics are used to improve animal health and nutrition, without the use of antibiotics and other synthetic chemicals, which is driving their popularity.
- Increasing awareness regarding animal health and nutrition: There is growing awareness regarding the importance of animal health and nutrition, particularly in the context of food safety and sustainability. Eubiotics are seen as a natural and effective way to promote animal health and welfare, which is driving their adoption in the industry.
- Growing focus on animal performance and productivity: The livestock industry is increasingly focused on improving animal performance and productivity, in order to meet the growing demand for meat and other animal-based products. Eubiotics are seen as an effective way to enhance animal performance and productivity, by improving feed efficiency and nutrient utilization.
- Shift towards natural and sustainable farming practices: There is a growing trend towards natural and sustainable farming practices, driven by concerns over environmental sustainability and animal welfare. Eubiotics are seen as a natural and sustainable alternative to conventional feed additives, which is driving their adoption in the industry.
- Increasing use in aquaculture: Eubiotics are increasingly being used in the aquaculture industry, as a natural and sustainable way to improve fish and shrimp health and nutrition. This is driven by the growing demand for seafood, as well as concerns over the environmental impact of conventional aquaculture practices.
Overall, the eubiotics market is expected to continue to grow in the coming years, driven by these key trends, as well as increasing innovation and investment in the industry.
Eubiotics Market Driving factors
The eubiotics market is being driven by several key factors, including:
- Increasing demand for natural feed additives: There is a growing demand for natural and sustainable feed additives, driven by changing consumer preferences and concerns over food safety and sustainability. Eubiotics are seen as a natural and effective way to improve animal health and nutrition, without the use of antibiotics and other synthetic chemicals, which is driving their adoption in the industry.
- Rising awareness regarding animal health and welfare: There is growing awareness regarding the importance of animal health and welfare, particularly in the context of food safety and sustainability. Eubiotics are seen as a natural and effective way to promote animal health and welfare, which is driving their adoption in the industry.
- Increasing focus on animal performance and productivity: The livestock industry is increasingly focused on improving animal performance and productivity, in order to meet the growing demand for meat and other animal-based products. Eubiotics are seen as an effective way to enhance animal performance and productivity, by improving feed efficiency and nutrient utilization.
- Growing concern over the use of antibiotics in animal production: There is growing concern over the use of antibiotics in animal production, due to the development of antibiotic-resistant bacteria and concerns over food safety. Eubiotics are seen as a natural and effective alternative to antibiotics, which is driving their adoption in the industry.
- Increasing adoption in aquaculture: Eubiotics are increasingly being used in the aquaculture industry, as a natural and sustainable way to improve fish and shrimp health and nutrition. This is driven by the growing demand for seafood, as well as concerns over the environmental impact of conventional aquaculture practices.
Overall, these factors are driving the growth and development of the eubiotics market, and are expected to continue to do so in the coming years.
Eubiotics Market Reginal Analysis
The eubiotics market is analyzed regionally, with major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.Europe is the largest market for eubiotics, accounting for a significant share of the global market. The region has strict regulations on the use of antibiotics in animal feed, which is driving the demand for eubiotics as a natural and sustainable alternative. Additionally, the high awareness about animal health and welfare in the region is driving the demand for eubiotics.North America is the second-largest market for eubiotics, driven by the growth of the meat and dairy industry and rising concerns over antibiotic resistance. The demand for eubiotics is particularly high in the poultry and swine industries.Asia Pacific is expected to witness significant growth in the eubiotics market during the forecast period, driven by the increasing demand for meat and animal products and the growing awareness about the benefits of eubiotics in animal health and performance. The region is witnessing rapid urbanization and increasing disposable incomes, leading to higher demand for high-quality meat and dairy products.Latin America and the Middle East & Africa are also expected to witness significant growth in the eubiotics market, driven by the growth of the meat and dairy industry and rising concerns over antibiotic resistance.Overall, the eubiotics market is expected to witness significant growth in all regions, driven by the increasing demand for natural and sustainable animal feed additives and the growing awareness about the benefits of eubiotics in animal health and performance.
Eubiotics Market Forecasts 2030
The eubiotics market is expected to experience significant growth and reach a market size of USD 8.6 billion by 2030, according to market research reports. This represents a compound annual growth rate (CAGR) of 7.2% from 2021 to 2030.The Asia-Pacific region is expected to be the largest and fastest-growing market for eubiotics during this period, driven by the increasing demand for meat and dairy products in the region, as well as the growing awareness regarding animal health and welfare.In terms of application, the feed segment is expected to be the largest and fastest-growing segment of the eubiotics market, driven by the increasing demand for natural and sustainable feed additives in the livestock industry.Among the different types of eubiotics, probiotics are expected to be the largest and fastest-growing segment, driven by their ability to improve animal health and performance, as well as their natural and sustainable nature.In addition, the increasing focus on natural and sustainable farming practices, the rising awareness regarding the importance of animal health and welfare, and the growing concern over the use of antibiotics in animal production are all expected to drive the growth of the eubiotics market in the coming years.Overall, the eubiotics market is expected to experience significant growth and development in the coming years, driven by these key factors, and is expected to be a key driver of the sustainable animal production industry.
Eubiotics Market Key Industry Players
Some of the key players operating in the global eubiotics market include:
- Cargill Inc.
- Koninklijke DSM N.V.
- Chr. Hansen Holding A/S
- BASF SE
- Novozymes A/S
- Dupont de Nemours, Inc.
- Kemin Industries, Inc.
- Adisseo France SAS
- Lallemand Inc.
- Evonik Industries AG
These companies are focusing on research and development activities to expand their product portfolios and enhance their market presence. They are also adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and increase their customer base.