The global eubiotics market is projected to attain a valuation of USD 6,322 million by 2034, advancing at a compound annual growth rate (CAGR) of 6.9% from 2024. With a market size anticipated to reach USD 4,533 million in 2024, eubiotics are becoming increasingly integral to the animal health industry. These feed additives play a crucial role in promoting animal growth, productivity, and overall health, aligning with modern sustainable farming practices.
Eubiotics, which include prebiotics, probiotics, and organic acids, are being widely adopted as effective alternatives to antibiotics in animal agriculture. Their ability to enhance gut health, improve feed efficiency, and boost immunity makes them vital for livestock production systems, particularly in swine, poultry, and ruminants. The market’s promising outlook is largely driven by growing awareness of animal nutrition and the need for safe, effective feed formulations.
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Key Factors in the Eubiotics Market:
- Rising Demand for Animal Health and Nutrition: Eubiotics are essential for maintaining holistic animal health, improving performance, and enhancing feed efficiency.
- Regulatory Measures Against Antibiotics: Government initiatives to curb antibiotic use in animal agriculture are spurring the adoption of natural alternatives like eubiotics.
- Technological Advancements: Innovations such as spore-forming probiotics and encapsulation technologies are improving the bioavailability and efficiency of eubiotic formulations.
Key Trends in the Eubiotics Market:
- Sustainability Focus: Increasing demand for ethical and sustainable animal farming practices is driving the use of natural eubiotic products.
- Investment in R&D: Players are heavily investing in research and development to innovate and improve eubiotic products, ensuring they are cost-effective and highly efficient.
- Geographical Expansion: There is a significant focus on expanding into emerging markets such as Asia Pacific, Latin America, the Middle East, and Africa, where agricultural sectors are growing and there is an increasing focus on animal health.
Competitive Landscape in the Eubiotics Market:
The eubiotics market is characterized by a competitive landscape with numerous small, medium, and large players. Companies are employing strategies such as mergers, acquisitions, partnerships, and expansion of product offerings to gain a competitive edge. Major players like Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, and Chr. Hansen Holding A/S are leading the market with innovative solutions and strategic initiatives.
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Key Developments in the Eubiotics Market:
- In March 2024, Novus International, Inc. acquired BioResource International, Inc. (BRI), enhancing its innovative pipeline to better serve customers.
- In 2023, Novus International, Inc. launched the Scale Up™ program at PorciFORUM 2023, aimed at optimizing the lifetime productivity of sows.
Leading Eubiotics Brands:
- Cargill Inc.
- BASF SE
- Koninklijke DSM N.V.
- Novozymes
- Lesaffre Group
- Kemin Industries, Inc.
- Novus International, Inc.
- Chr. Hansen Holding A/S
- Beneo Group
Key Market Segmentation in the Eubiotics Market:
- By Type: Probiotics, Prebiotics, Organic Acid, Essential Oil, Enzymes.
- By Form: Dry, Liquid.
- By Function: Nutrition and Gut Health, Yield, Immunity.
- By Livestock: Cattle, Poultry, Swine, Aquaculture, Others.
- By Region: North America, Europe, Asia Pacific, Middle East and Africa, Latin America.
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