The global eubiotics market size is expected to reach USD 7.80 billion by 2028 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is driven by growing consumption of eggs, dairy, and meat products, increasing awareness regarding the quality and safety of feed, government initiatives to support animal health and advancements in farming practices. Greater demand from emerging economies of Asia-Pacific, technological advancements, and significant investments in research and development further supplement the market growth. However, the provision of the product has been hampered by operational problems, shipping delays, and supply chain interruption, worker impairment, and restaurant closures during the outbreak.
The different forms of eubiotics include solid and liquid. The demand for solid segment is anticipated to be high during the forecast period. The solid product can be transported easily and stored for a longer duration. Nevertheless, the demand for liquid eubiotics is anticipated to increase during the forecast period.
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On the basis of product, the market is segmented into probiotics, prebiotics, organic acids, and others. The probiotics segment holds the largest revenue share in 2020. Probiotics are increasingly being used as feed additives to maintain the essential gut microflora. Some commonly used probiotic microorganisms include Enterococcus faecium, Lactobacillus Spp., Streptococcus faecium, and Saccharomyces cerevisiae. Probiotics offer health benefits such as improved intestinal immunity and protection against pathogenic organisms by the production of vitamin B complex and digestive enzymes.
The demand for eubiotics is expected to increase from Asia-Pacific during the forecast period. Increasing population, improving living standards, and growing meat consumption drives the growth in this region. Rising urbanization and growing concerns regarding meat quality and safety have resulted in greater demand for eubiotics in the region. Increasing awareness regarding animal health and safety further increases boosts the industry's growth. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
Major industry participants include Nebraska Cultures, Inc., Lallemand, Inc., Behn Meyer, Beneo GmbH, Advanced BioNutrition Corp., DSM N.V., Kemin Industries, Novus International, Inc., Lesaffre Group, BASF SE, Calpis Co., Ltd. And Cargill, Inc.
Polaris Market Research has segmented the eubiotics market report on the basis of form, product, livestock, and region:
Eubiotics, Form Outlook (Revenue, USD Billion, 2016 – 2028)
Eubiotics, Product Outlook (Revenue, USD Billion, 2016 – 2028)
Eubiotics, Livestock Outlook (Revenue, USD Billion, 2016 – 2028)
Eubiotics, Regional Outlook (Revenue, USD Billion, 2016 – 2028)