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eubiotics market

Eubiotics Market Share, Size, Trends, Industry Analysis Report, By Form (Solid, Liquid); By Livestock (Poultry, Cattle, Swine, Aquaculture, Others); By Product (Prebiotics, Probiotics, Organic Acids, Others); By Region; Segment Forecast, 2021 - 2028

  • Published Date: Oct 2021
  • Pages: 126
  • Format: PDF
  • Report ID: PM1096
  • Base Year: 2020
  • Historical Data: 2016 - 2019

Report Summary

The global eubiotics market size was valued at USD 4.23 billion in 2020 and is expected to grow at a CAGR of 8.1% during the forecast period. Eubiotics, such as prebiotics, probiotics, organic acids, and essential oils, assist in maintaining gut integrity in livestock. They are widely being used to enhance health and improve performance in livestock.

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Eubiotics are aimed at improving digestibility, gut health, and overall health. Increasing market demand for meat products along with quality and safety concerns associated with meat products has increased the demand for eubiotics. Eubiotics are gradually replacing antibiotic growth promoters due to growing consumer concerns and stringent regulations regarding antibiotics as growth promoters for livestock.

The market for eubiotics has been impacted by the COVID-19 outbreak owing to greater concerns regarding the health of livestock and several rumors regarding coronavirus in the industry. The demand for animal feed and related products has been relatively stable during the pandemic. However, the supply has been impacted by operational challenges, transportation delays, and travel restrictions.

The eubiotics industry has been affected by disruption of the supply chain, port congestion, and workforce impairment. The closure of restaurants across the globe, along with changes in consumers’ consumption patterns due to concerns regarding the virus, has severely influenced the market.

Restrictions on imports of goods to curb the spread of the virus have further contributed to limiting the market growth for eubiotics. However, the economic growth, relaxation of restrictions, increased awareness, and reopening markets are expected to drive growth post the pandemic.

Industry Dynamics

Growth Drivers
Increasing population, changing food consumption pattern, and growing consumption of eggs, dairy, and meat across the globe drives the market growth for eubiotics. Growth in feed production coupled with rising awareness regarding the quality and safety of feed has increased the demand for eubiotics. Growing disposable income, changing lifestyles, and increasing awareness regarding health and nutrition have encouraged consumers to include animal protein in their diets.

Advancements in farming practices, government initiatives to promote animal health, and strict regulations associated with the use of antibiotics to promote animal growth boost the adoption of eubiotics. Increasing investments in research and development to enhance animal nutrition through natural and organic methods and growth in the pet industry are some factors expected to offer growth opportunities during the forecast period.

Organic acids such as formic acid, fumaric acid, citric acid, sorbic acid, and lactic acid are added to compound feeds for diet acidification, enhanced digestion, and increased digestibility of nutrients. Some benefits offered by organic acids include improvement of palatability, antimicrobial properties, preservative effects, improvement of pepsin activity, and reduced gastric pH another category of eubiotics gaining popularity is essential oil compounds. These are active ingredients obtained from a range of plants and spices. They assist in altering the composition of intestinal microflora and enhance the performance of poultry and swine owing to their antibacterial activity.

Report Segmentation

The market is primarily segmented on the basis of form, product, livestock, and region.

By Form

By Product

By Livestock

By Region

  • Solid
  • Liquid
  • Prebiotics
  • Probiotics
  • Organic Acids
  • Others
  • Poultry
  • Cattle
  • Swine
  • Aquaculture
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, South Africa, Israel, UAE)

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Insight by Form

The form segment has been divided into solid and liquid. The demand for solid eubiotics is expected to be high during the forecast period owing to longer shelf life, ease of storage and transportation, and health benefits. However, the demand for liquid eubiotics is expected to increase during the forecast period. Liquid eubiotics can be easily mixed with feed without impacting the flavor or texture.

Insight by Product

Based on product, the market is segmented into prebiotics, probiotics, organic acids, and others. The probiotics segment dominated the global market for eubiotics in 2020. Probiotics are viable microorganisms utilized as feed additives to modify the composition of intestinal microbiota. Some frequently used probiotic microorganisms used for swine include Enterococcus faecium and spore-forming bacillus spp. Probiotics offer health benefits by increasing the synthesis of lactic acid, production of specific antibacterial substances, and decreased production of toxic amines. They also boost the intestinal immune system and reduce ammonia levels in the gastrointestinal tract.

Insight by Livestock

The livestock segment has been divided into poultry, cattle, swine, aquaculture, and others. The poultry segment accounted for a significant market share in 2020. Increasing market demand for poultry across the globe owing to its nutritional value, readily available, and cost efficiency supports the growth of this segment. Improving food safety concerns, growing consumer awareness, and the requirement for the superior quality of meat endorses the growth of this segment. Eubiotics are added to poultry feed to enhance digestion, growth and boost the immune system.

Geographic Overview

Europe is expected to account for a major share of the market during the forecast period. Increasing awareness regarding the benefits of eubiotics, the introduction of stringent regulations, and a ban on the use of antibiotics drive growth in this region. Increasing concerns regarding animal health and safety, coupled with initiatives taken to adopt high-quality feed additives in this region, boost the eubiotics market growth. The technological advancements, investments in research and development, and the presence of leading players have further strengthened the market in Europe.

Competitive Landscape

The leading players in the Eubiotics market include Lallemand, Inc., Nebraska Cultures, Inc., Advanced BioNutrition Corp., Behn Meyer, Beneo GmbH, DSM N.V., Kemin Industries, Lesaffre Group, Novus International, Inc., BASF SE, Calpis Co., Ltd. And Cargill, Inc.

Eubiotics Market Report Scope

Report Attributes

Details

Market size value in 2020

USD 4.23 billion

Revenue forecast in 2028

USD 7.80 billion

CAGR

8.1% from 2021 - 2028

Base year

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Segments covered

By, Form, By Product, By Livestock, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Lallemand, Inc., Nebraska Cultures, Inc., Advanced BioNutrition Corp., Behn Meyer, Beneo GmbH, DSM N.V., Kemin Industries, Lesaffre Group, Novus International, Inc., BASF SE, Calpis Co., Ltd., Cargill, Inc.

Key Take-Away
Polaris Market Research
Eubiotics Market Size, Share | Industry Growth Report 2028