March 16, 2022
According to the research report titled ‘GLOBAL EUBIOTICS MARKET 2021-2028,’ available with MarketStudyReport, global eubiotics market is slated to advance at 7.43% CAGR during 2021-2028.
The rise in the consumption of meat, specifically pig and chicken, increasing awareness about animal health, and soaring demand for manufactured feeds are factors propelling the growth of global eubiotics market.
Moreover, massive support from the government for the use of eubiotics is further augmenting the progress of industry. Besides, innovative products like probiotics spray coatings and essential oils for necrotic enteritis are creating remunerative prospects for stakeholders to invest and garner sizable returns during the forecast period.
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Despite the positive outlook, limited cognizance regarding benefits of eubiotics is likely to impede the industry development in the forthcoming years.
Based on form type, the market is divided into liquid and dry. By end-user, the business sphere is categorized into animals and humans. Speaking of type, the industry is classified into essential oils, prebiotics, organic acid, and probiotics.
Concerning application scope, worldwide eubiotics industry is classified into immunity, yield management, gut health, and others. In terms of livestock, the market is segmented into poultry, ruminants, swine, aquaculture, and others.
Speaking of the regional outlook, Asia Pacific market is estimated to exhibit a robust growth rate during the assessment timeframe, owing to the surge in disposable income which is impelling the demand for meat & beef in emerging nations.
Moving on to competitive landscape, Behn Meyer Holding AG, Neospark Drugs & Chemicals Private Limited, Lallemand Inc., Anpario plc, Kemin Industries Inc., BASF SE, Yara International ASA, CHR Hansen Holding AS, Koninklijke DSM N.V., Archer-Daniels-Midland Company, Lesaffre, Cargill Inc., Dupont De Nemours Inc., Novus International Inc., and Beneo GmbH among others.