The Latin America Eubiotics Market was worth USD 600.31 million in 2021 and is estimated to be growing at a CAGR of 8.11%, to reach USD 700.21 million by 2026.
The market is expected to showcase the significant potential in the given forecasting period. Eubiotics play an important role in providing health and medicinal benefits to livestock, such as preclusion and immunity against other diseases common in animals. Apart from these 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 take interest in the market lately.
Eubiotics are usually used as additives in feed for animals. They help in keeping away various diseases in animals and keeping them healthy hence increasing their productivity. It helps in creating an appropriate balance of the microflora in our gastrointestinal tract so as to maintain a hygienic living.
The ban on antibiotics has led to an open window for Eubiotics to break into the agricultural industry and replace them. It had been the major reason for the recent growth in the Latin America Eubiotics Market size. Other important factors responsible for driving the market include rising demand for naturally derived products, industrialization of the livestock industry, and increasing instances of livestock disease. These factors have helped in the growth of the Latin America Eubiotics Market lately, though some of the factors have resulted in being hurdles to the market as well. Some of them include regulatory framework, competition for raw materials from other industries, and low awareness of product efficiency.
The Latin America Eubiotics Market is segmented on the basis of
On the basis of geographical analysis, the Latin America Eubiotics Market is segmented into various regions namely Brazil, Argentina, Mexico, and Rest of Latin America.
Major Key Players:
Some of the major leaders dominating the Latin America Eubiotics Market include Addcon, BASF SE, Royal DSM, CHR. Hansen A/S, Cargill Incorporated, Kemin Industries Inc., E. I. Du Pont De Nemours and Company, Behn Meyer Group, Novus International Inc., Beneo Group
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