Market Analysis: Global Eubiotics Market
Eubiotics market is expected to register a substantial CAGR of 7.61% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the favourable regulations from the government such as imposing of ban on antibiotics as growth promoters in feed nutritional components.
Market Definition: Global Eubiotics Market
Eubiotics are essentially feed additives that are used for acting as growth stimulators, enhancing gut functionality, nutrition retention and optimizing the health of livestock by maintaining the healthy condition of eubiosis in gastrointestinal tract of animals. This results in enhancement of performance and nutritional health in animals.
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Market Drivers:
• Rising levels of demand for better nutrition and proteins for animals and different livestock; this factor is expected to drive the growth of the market
• Utilization of these compounds as a replacement of antibiotic growth promoters; this factor is expected to boost the growth of the market
• Enhanced rate of adoption for processes/manufactured animal feed; this factor is expected to propel the growth of the market
• Growing awareness amongst various consumers regarding the maintenance of feed quality and their safety which can subsequently help in health of livestock; this factor is expected to foster growth of the market
Market Restraints:
• Availability of various complicated regulatory procedure for trading; this factor is expected to hinder the growth of the market
• Complications of the food production chain increasing significantly resulting in decreased adoption rate from the food production industry; this factor is expected to hinder the growth of the market
• Large financial costs associated with the production of these compounds is expected to act as a restraint to the growth of the market
Segmentation: Global Eubiotics Market
By Type
• Probiotics
o Lactobacilli
o Bifidobacteria
o Streptococcus Thermophilus
o Others
• Prebiotics
o Inulin
o Fructo-Oligosaccharides (FOS)
o Galacto-Oligosaccharides (GOS)
o Mannan-Oligosaccharides (MOS)
o Others
• Organic Acids
o Formic Acid
o Lactic Acid
o Fumaric Acid
o Propionic Acid
o Acetic Acid
• Essential Oils
By Livestock
• Swine
• Poultry
• Ruminants
• Aquatic Animals
• Horses
• Domestic Pets
• Others
By Form
• Dry
• Liquid
By Function
• Nutrition & Gut Health
• Yield
• Immunity
• Productivity
By Application
• Food & Beverages
• Dietary Supplements
• Animal Feed
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Sweden
o Poland
o Denmark
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o New Zealand
o Vietnam
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa
o UAE
o Saudi Arabia
o Oman
o Qatar
o Kuwait
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In June 2019, DSM announced the availability of “Balancius” developed in collaboration with Novozymes for the European Union region. “Balancius” supports gastrointestinal functionality subsequently optimizing efficiency of feed and enhancing the sustainable nature of broiler production
• In November 2016, BASF SE announced that they had entered into a strategic partnership with South China Agriculture University (SCAU) for a research project on examining the effects of organic acids utilized as replacement for antibiotic growth promoters in piglets
Competitive Analysis:
Global eubiotics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eubiotics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major competitors currently working in the global eubiotics market are DSM; BASF SE; Chr. Hansen Holding A/S; Novozymes; ASAHI GROUP HOLDINGS, Ltd.; Lesaffre; Kemin Industries, Inc.; Lallemand Inc.; BEHN MEYER; NOVUS INTERNATIONAL; BENEO; Yara; Roquette Frères; FrieslandCampina; Neospark Drugs and Chemicals Private Limited; MSPrebiotics Inc. among others.
Research Methodology: Global Eubiotics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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