Eubiotics Market Size is Predicted to Witness 8.2% CAGR till 2025
The
global Eubiotics Market is expected to reach USD 9.4
billion by 2025, according to a new report by Grand View Research, Inc. Growing
meat consumption coupled with rising awareness regarding meat quality is
expected to drive global eubiotics market growth.
Eubiotics
influence the gut microflora and confer health benefits on the host. They
maintain a correct balance of the microbial activity in the gastrointestinal
tract of animals. This results in benefits such as enhanced nutrient
absorption, better immunity and increase in overall performance. Such
advantages are expected to drive the market growth over the forecast period.
Probiotics
emerged as the largest product segment in 2016 and was valued at USD 2.5
billion in 2016. Broad product portfolio, rising awareness and efficacy in
animal feed usage are the major attributed reasons for this scenario
Gut
health dominated the application segment in 2016 and is expected to grow at an
anticipated CAGR of 8.2% from 2017 to 2025. Eubiotics efficiency in treating
gut related disorders and search for viable alternative to antibiotics are
expected to drive market growth. Immunity is expected to observe the fastest
growth among applications.
Fodder
and water shortage, decreasing grazing lands has put pressure on livestock
farmers to optimize feed utilization. Eubiotics cater to this demand by
enhancing feed utilization, and increasing yield in comparatively less feed.
Such trends are expected to fuel market growth over the next eight years.
Further
key findings from the report suggest:
- The global eubiotics
market worth is expected to be 9.4 billion and is expected to grow at a
CAGR of 8.2% from 2017 to 2025
- Solid form dominated the
form segment and was valued at USD 2.9 billion in 2016. Liquid form is
expected to grow at an anticipated CAGR of 8.0% over the next eight years
- The U.S. market worth for
eubiotics used in poultry end use was USD 264.6 million in 2016. Rising
demand for poultry meat and eggs, demand for high quality meat and
concerns over antibiotics have resulted in an increased preference for
usage in poultry end use.
- Asia Pacific is expected
to witness the highest growth rate over the next eight years. Strong
demand from countries such as China and India, growing meat consumption in
the region and rising concerns over antibiotics usage is expected to fuel
market growth
- Companies are focusing on
developing regions such as Asia Pacific to increase market share. Key
industry participants include Calpis, DSM, Novus, Lesaffre Group,
Lallemand Inc., and E.I. Du Pont De Nemours and Company.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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