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Eubiotics Industry 2019Description:-
As per the report found on Wise Guy Reports (WGR), the global eubiotics market is projected to scale a valuation of USD 8.60 Bn by 2026. Eubiotics have found applications in promoting and maintaining the health of the animals. It does that by maintaining the balance of microflora in the gut of the livestock animals. This, in turn, helps in nutrition absorption, which is expected to fuel demand for eubiotics in the years to come. The ban imposed on feed antibiotics along with few other microbial compounds has revolutionized the growth pattern of the eubiotics market. It is expected to influence the growth rate of the market greatly in the years to come.
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Some Of major Key players Included :-
Some of the leading industry participants include BASF SE, Cargil, Koninklijke DSM N.V., Novozymes, Kemin Industries, Inc., Addcon, Novus International, Inc., Lallemand, Inc., Beneo Group and Chr. Hansen Holding A/S.
Availability of a wide range of products that suit animals belonging to different species is poised to have a favorable influence on the expansion of the market in the nearby future. Increasing investments in research & development are further expected to boost the revenue growth of the market players in the upcoming years. To illustrate, the Danish Agriculture and Food Council’s Pig Research Center has found out that supplementation of 0.5% of benzoic acid has the same effect as that of 1% benzoic acid.
The global scenario of the market is characterized by the presence of both established and small players. Intense competition can be observed in the market in the forthcoming years. The key strategies poised to be used by the key players to strengthen their market positions are product innovations, collaborations, agreements, mergers & acquisitions, etc. An influx of new entrants is anticipated to be witnessed in the market over the next couple of years. It is projected to further intensify competition among the market participants and boost revenue growth in the foreseeable future.
The increasing growth rate of the animal feed industry is likely to reflect on the growth pace of the eubiotics market in the years to come. In addition, the rising demand for meat and animal protein is expected to drive the expansion of the market in the nearby future. The use of a combination of two more eubiotics can help in achieving a higher response. This, in turn, is likely to open new avenues of growth opportunities in the forthcoming years.
The different types of ingredients profiled in this report are prebiotics, organic acids, probiotics, and essential oil. By functionality, the segments of the eubiotics market include productivity, yield, immunity, and nutrition & gut health. Eubiotics has found applications in cattle, poultry, aquaculture, and swine.
Geographically, the key regional segments of the eubiotics market are North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa (MEA). Among these, Europe accounted for the most substantial share of the global market in 2017. It is anticipated to hold its forefront position in the upcoming years. It was the first region to impose a ban on antibiotics as growth promoters for animal production. Increasing concerns regarding animal safety and nutritional requirements in the meat industry has driven the growth of the eubiotics market in the region. It is likely to follow a similar growth trend in the years to come.
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