The global eubiotics market sales is on a robust growth trajectory, anticipated to expand from USD 4.5 billion in 2024 to USD 6.3 billion by 2034. With a projected compound annual growth rate (CAGR) of 6.9% over the next decade, the market is gaining momentum due to increased awareness of animal health and nutrition, regulatory changes, and technological advancements.
Eubiotics: A Key Player in Animal Health
Eubiotics, including prebiotics, probiotics, and organic acids, are gaining substantial traction in the animal health industry. These feed additives are critical for maintaining optimal animal health, enhancing growth, and improving productivity across diverse production systems. The adoption of eubiotics is aligned with a broader shift toward holistic and preventive animal health solutions, addressing various challenges faced by modern livestock production.
Growing Demand for Sustainable and Natural Solutions
One of the driving forces behind the market growth is the rising consumer preference for sustainable and natural feed solutions. Eubiotics, as part of this trend, offer significant benefits without contributing to antibiotic resistance. With increasing regulatory pressure to reduce antibiotic use in animal agriculture, eubiotics provide a viable and responsible alternative, aligning with global efforts to combat antibiotic resistance.
Moreover, the shift towards health-conscious and ethically produced animal products is driving demand for eubiotics. Consumers and producers alike are seeking products that ensure animal welfare and improve food safety, which further bolsters the market for eubiotics.
Technological Advancements and Market Expansion
The market’s expansion is supported by technological innovations, including advancements in spore-forming probiotics and encapsulation techniques. These innovations enhance the efficacy and bioavailability of eubiotic formulations, making them more appealing to both manufacturers and end-users.
The global eubiotics market is witnessing significant investments in research and development, aimed at optimizing feed formulations and developing new product offerings. This ongoing innovation is expected to drive market growth and open new opportunities for players in the sector.
Regional Insights: Europe and Emerging Markets
Europe is poised to maintain a leading position in the eubiotics market, driven by stringent food safety regulations and a strong focus on animal welfare. The region’s commitment to sustainable and natural alternatives positions it as a significant player in the global market.
In contrast, emerging markets such as India, China, and regions in Asia Pacific are also experiencing rapid growth. In India, the market is expected to achieve a CAGR of 9.8%, driven by increasing meat consumption and regulatory compliance. China is projected to grow at a 5.9% CAGR, while Germany leads Europe with an impressive 11.5% CAGR. These regions are witnessing heightened adoption of eubiotics due to expanding agricultural sectors and growing awareness of animal health.
Opportunities and Challenges
Despite the promising growth outlook, the eubiotics market faces challenges, including strict regulatory barriers and high production costs. However, these challenges present opportunities for players to invest in education and awareness programs about eubiotics’ benefits. By addressing these issues and leveraging advancements in research and technology, the industry can overcome barriers and capitalize on emerging opportunities.
Strategic Investments and Industry Dynamics
Leading companies in the eubiotics market, such as Cargill Inc., BASF SE, Koninklijke DSM N.V., and Novozymes, are actively engaging in strategic investments, including mergers, acquisitions, and partnerships. These initiatives are aimed at expanding product offerings, enhancing distribution networks, and improving market presence.
Noteworthy developments include Novus International’s acquisition of BioResource International and the introduction of the Scale Up™ program at PorciFORUM 2023. These moves reflect a commitment to innovation and customer-centric solutions, reinforcing the market’s growth trajectory.
Leading Eubiotics Brands
- Cargill Inc.
- BASF SE
- Koninklijke DSM N.V.
- Novozymes
- Eubiotics
- Lesaffre Group
- Kemin Industries, Inc.
- Novus International, Inc.
- Chr. Hansen Holding A/S
- Beneo Group
- Others
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Key Segments of Market Report
By Type:
Based on type, the sector is divided into probiotics, prebiotics, organic acid, essential oil, and enzymes.
By Form:
The eubiotics market segmentation includes dry and liquid based on the form.
By Function:
In terms of function, the industry is categorized into nutrition and gut health, yield, and immunity.
By Livestock:
By livestock, the industry is segmented into cattle, poultry, swine, aquaculture, and others.
By Region:
Analysis has been carried out in key countries of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
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