Eubiotics Market Growth, Trends, & Forecast To 2024
Eubiotics Market was worth USD 5607.5 million in 2019 and estimated to be growing at a CAGR of 8.12%, to reach USD 8285.3 million by 2024.
The Eubiotics Market is showcasing the evident potential in the mentioned forecasting period. Eubiotics play a vital role in providing medicinal benefits to livestock such as preclusion and prevent other diseases common in animals. Apart from this they also carry nutrition value with them. The increase in the capability of producing Eubiotics and commercialization of farming has led the agriculture-based industries to take interest in the market lately.
Eubiotics are generally used as feed additives for animals. They help in preventing various diseases in animals thus keeping them healthy and in turn increasing their productivity. It creates an appropriate balance of the microflora in our gastrointestinal tract and helps in maintaining a hygienic living.
The ban on antibiotics has created an open window for Eubiotics to enter the agriculture industry and take their place. It had been one of the major reasons for the recent growth of the Eubiotics Market. Other important factors driving the global eubiotics market growth include industrialization of the livestock industry, rising demand for naturally derived products and increasing instances of livestock disease. These factors have been responsible for the growth of the market lately, although some of the factors have resulted in being hurdles to the Eubiotics Market as well. Some of them are competition for raw materials from other industries, regulatory framework and low awareness of product efficiency.
The Global Eubiotics Market is segmented on the basis of type and livestock. Based on type the 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 Eubiotics Market for poultry is expected to have the highest CAGR among all the sub-segments of the livestock, as Eubiotics help in increasing the growth rate of poultry and maintain their high nutrition value. On the basis of geographical analysis, the global Eubiotics Market is segmented into various regions namely
Eubiotics market was dominated by Europe. Europe was followed by Asia-Pacific and North America. The Asia Pacific is predicted to grow at a rapid pace in the coming few years with the help of investments from several multinational manufacturers.
Major Key Players :
Some of the major companies dominating the Eubiotics Market, by their products and services include Addcon, Royal DSM, BASF SE, CHR. Hansen A/S, Kemin Industries Inc., Cargill Incorporated, E. I. Du Pont De Nemours and Company, Novus International Inc., Behn Meyer Group, Beneo Group.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Probiotics
5.1.2.1 Lactobacilli
5.1.2.2 Bifdobacteria
5.1.2.3 others
5.1.3 Prebiotics
5.1.3.1 Inulin
5.1.3.2 Fructo-Oligosaccharides
5.1.3.3 Galacto-Oligosaccharides
5.1.3.4 others
5.1.4 Organic Acids
5.1.5 Essential Oils
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2 Livestock
5.2.1 Introduction
5.2.2 Ruminant
5.2.3 Poultry
5.2.4 Swine
5.2.5 Aquaculture
5.2.6 Horses
5.2.7 others
5.2.8 Y-o-Y Growth Analysis, By Livestock
5.2.9 Market Attractiveness Analysis, By Livestock
5.2.10 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Livestock
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Livestock
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Livestock
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Addcon
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Royal DSM
8.3 BASF SE
8.4 CHR. Hansen A/S
8.5 Kemin Industries Inc.
8.6 Cargill Incorporated
8.7 E.I. Du Pont De Nemours and Company
8.8 Novus International Inc.
8.9 Behn Meyer Group
8.10 Beneo Group
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
