The Europe Eubiotics Market was worth USD 2014.44 million in 2021 and estimated to be growing at a CAGR of 7.13%, to reach USD 3219.22 million by 2026.
The market is predicted to show evident potential in the given forecasting period. Eubiotics play an important role in providing medicinal and health benefits to livestock such as preclusion and aiding against diseases common in animals, and they also carry nutrition value with them. The commercialization of farming and increase in the capability of producing Eubiotics has led the agriculture-based industries to gain interest in the market lately.
Eubiotics are usually used as feed additives for animals. They assist in preventing various animal diseases and keeping them healthy, thus increasing their productivity. It helps in creating an appropriate balance of the microflora in our gastrointestinal tract and maintaining a hygienic living.
The antibiotics ban has created an open window for Eubiotics to emerge with potential into the agriculture industry. This has been one of the major reasons for the growth in the Europe Eubiotics Market recently. Other key factors responsible for driving the Europe Eubiotics Market include industrialization of the livestock industry, increasing instances of livestock disease, and rising demand for naturally derived products. These factors have aided the growth of the Europe Eubiotics Market size lately, although some of the factors have resulted in being hurdles to the market as well. These factors are competition from other industries for raw materials, low awareness of product efficiency, and regulatory framework.
The Europe Eubiotics Market is segmented on the basis of
Based on type the Europe Eubiotics Market is segmented into probiotics, prebiotics, organic acids, and essential oils. Probiotics is further fragmented in lactobacilli, bifidobacteria and others. Prebiotics are segmented in inulin, fructooligosaccharides, galactooligosaccharides, and others. Probiotics lead the market share under type segmentation because of its efficiency over other types. Based on livestock the segmentation is done into ruminant, poultry, swine, aquaculture, horses, and others. The Europe Eubiotics Market for poultry is expected to have the highest CAGR among all the sub-segments of livestock, as Eubiotics help in increasing the growth rate of poultry and maintain their high nutrition value.
On the basis of geographical analysis, the Europe Eubiotics Market is segmented into various countries namely
Major Key Players in Europe Eubiotics Market:
Some of the major companies dominating the Europe Eubiotics Market, by their products and services include Addcon, BASF SE, Royal DSM, CHR. Hansen A/S, Behn Meyer Group, Kemin Industries Inc., E. I. Du Pont De Nemours and Company, Cargill Incorporated, Novus International Inc., Beneo Group
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