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The eubiotics market size is forecast to increase by USD 2.7 billion at a CAGR of 8.09% between 2023 and 2028.
The eubiotics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is driven by the increasing demand for animal health and productivity In the livestock industry. Eubiotics, including organic acids, enzymes, and probiotics, are used in various forms (solid and liquid) to improve gut health, nutrient absorption, and feed safety in animals. Feed mills and pre-mixers are significant distributors of eubiotics to livestock producers. The poultry and pork segments are the largest consumers due to the growing demand for poultry meat and eggs, as well as swine feed. Factors such as changing consumer preferences, increasing population, and rising disposable income are driving the growth of the market. Contributing factors like agro-climatic conditions, raw material availability, and feed grades also impact the market.
The animal feed industry, including pharmaceutical and nutraceutical applications, is a significant contributor to the market's growth. Developing economies, particularly in Asia Pacific, are expected to provide significant opportunities due to the increasing industrialized meat production and the livestock sector's expansion. The market is expected to continue growing due to the increasing demand for natural feed grades and the need to address enteric pathogens, gastric pH, and the immune system.
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The poultry segment was valued at USD 1.81 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European market is experiencing steady growth due to the increasing demand for healthy animal feed products, particularly canola meals. This growth is driven by the rising awareness of the benefits of gut enzymes on livestock and poultry performance. Europe is a significant market for meat production, with major consumers being Spain, Germany, and France for pork. The increasing meat consumption In the region is fueling the demand for eubiotics. Eubiotics are essential additives used in animal feed to enhance nutrient absorption, improve feed quality, and ensure safety. They include organic acids, probiotics, feed enzymes, and antimicrobials. The market for these ingredients is influenced by raw material availability, agro-climatic conditions, and form (solid or liquid).
Furthermore, eubiotics play a crucial role in gut health applications, immune system enhancement, and enteric pathogens control. They are used in various animal feed industries, including poultry, pork, and cattle. The market is further fuelled by the growing nutraceuticals industry and the livestock sector's expansion in developing economies. Key ingredients include propionic acid, enterococcus faecium, and nitrogen and phosphorous-based feed additives. Eubiotics ensure optimal animal performance and contribute to industrialized meat production's safety and feed grades.
Our eubiotics market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased focus on animal health to prevent disease outbreaks is the key driver of the market.
Rising awareness about disease prevention is the upcoming market trend.
An increase in raw material prices is a key challenge affecting the industry's growth.
The eubiotics market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the eubiotics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, eubiotics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry. The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Eubiotics, a category of feed additives, play a crucial role in enhancing animal health and productivity In the global livestock sector. These substances, which include organic acids, probiotics, and certain strains of bacteria, contribute to improving gut health, nutrient absorption, and overall animal performance. Feed mills and pre-mixers are integral to the production and distribution of eubiotics. These facilities ensure the proper manufacturing, blending, and formulation of eubiotics with other essential nutrients and ingredients for various livestock species, such as poultry, pork, and cattle. The production of eubiotics involves several methods, including fermentation and chemical synthesis. Organic acids, like propionic acid, are often produced through fermentation processes, while some eubiotics, such as certain strains of Enterococcus faecium, may be produced through fermentation or chemical synthesis. Raw material availability and agro-climatic conditions are essential factors influencing the market. For instance, the availability of raw materials for fermentation, such as molasses and corn, can significantly impact the production costs and, consequently, the market dynamics.
Additionally, the specific climatic conditions in different regions can affect the growth of certain bacteria used In the production of probiotics. The market is not limited to animal feed applications. These substances also find extensive use In the pharmaceutical and nutraceuticals industries, where they serve as key ingredients in various health supplements and functional foods. The importance of eubiotics extends beyond animal health and productivity. They contribute to improving feed quality and safety, ensuring that the feed meets the required nutritional standards and is free from contaminants. Additionally, eubiotics help enhance the nutrient absorption in animals, leading to better growth rates and improved feed conversion ratios. The use of eubiotics in animal feed is a strategic approach to address the challenges posed by enteric pathogens and antimicrobial resistance. By improving gut health and enhancing the immune system, eubiotics help reduce the reliance on antibiotics in industrialized meat production. The market is driven by the growing demand for high-quality animal products, increasing awareness of animal welfare, and the need to ensure food safety.
Moreover, the market is witnessing significant growth in developing economies, where the livestock sector is expanding rapidly due to rising meat consumption and changing dietary preferences. In summary, eubiotics are a vital component of animal nutrition, contributing to improved animal health, productivity, and feed quality. The production and distribution of these substances involve various methods and processes, and their market dynamics are influenced by several factors, including raw material availability, agro-climatic conditions, and the growing demand for animal products in various industries.
Eubiotics Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
Market growth 2024-2028 |
USD 2.7 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.32 |
Key countries |
US, Germany, China, Brazil, and Russia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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