The eubiotics market is projected to grow from $ 5,239.9 million in 2019 to $ 7,740.1 million by 2025, at a CAGR 7.06% from 2020 to 2025. High growth in the market is expected to be driven by the increasing consumption and demand for meat, growing livestock diseases, and ban on the utilization of antibiotics growth promoters.
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The most attractive type of eubiotics is probiotics, which is adopted highly by the livestock producer after the prohibition on the usage of antibiotics growth promoters. The utilization of probiotics as an animal feed has been shown to have beneficial outcomes, including greater resistance to the infectious livestock diseases, enhanced growth rate, improved feed conversion, improved digestion, reduction in undesirable bacteria, and improved carcass quality and less contamination, among others.
Major application areas of eubiotics products and ingredients include improvement in gut health, immunity, yield, productivity, and overall performance, among others. The management of the gut health application segment represents the most significant application market for eubiotics. Eubiotics can efficiently manage the gut microflora and effectively reduce the undesired pathogens to maintain digestibility and gut health. During the forecast period, applications such as immunity and yield are expected to display the maximum growth.
The bulk packaging comprises packet packaging and bucket packaging. The bulk packaging is used for a large amount of eubiotics products and ingredients into a single box or a bag. The bag can be flexible or rigid depends on the type of eubiotics. The liquid form of eubiotics is mostly stored and delivered in bulk packaging in plastic containers, termed as bucket packaging, whereas the dry form is mostly stored and deliver in packet pouching. The bulk packaging recorded the highest revenue generation in 2019 in the global eubiotics market. This packaging type is expected to remain dominant for sale of eubiotics during the forecast period, mainly because of the growing popularity and the requirement of the high amount of animal feed to cater to the increasing meat demand.
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The governing trends of the eubiotics market vary across different regions. The eubiotics market holds a prominent share in various countries of Europe and North America, while the adoption for this market increasing rapidly for developing regions, such as Asia-Pacific Japan, Middle East Africa, and South America. Europe generated the highest revenue of $1,572.0 million in 2019. The high revenue generation was majorly credited to a favorable growth rate of adoption of eubiotics products such as probiotics, prebiotics, organic acid, and essential oils. Rapidly increasing demand for high-quality meat and animal produce propagate the use of these products. The region is a well-known producer for milk-based products. Also, the rapidly increasing disease in cattle, aquaculture, swine, and poultry, among others, increases the need for eubiotics products for healthy production. Moreover, strict government regulation regarding the use of antibiotics to enhance the growth of animals may increase the growth of eubiotics in the region. The eubiotics market in Europe is expected to grow at a CAGR of 8.77% from 2020 to 2025.
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