North America led by the U.S., Canada and Mexico eubiotics market may witness gains at over 6.5% by the end of forecast timeframe. Shift in preference towards antibiotics substitutes and increasing meat consumption in the U.S. is likely to drive the industry growth. Moreover, increasing demand for healthy and safe cultivation of meat from poultry to produce good quality of meat may drive regional eubiotics market. —
Global Eubiotics Market is poised to exceed USD 4 billion by 2024; according to a new research report by Global Market Insights, Inc. Emerging livestock diseases caused by viruses, bacteria, toxins and parasites such as salmonella and listeria may lead to mortality rates, inefficient feed conversion, improper growth and lower immunity majorly among cattle, broilers, swine and aquaculture species. Increasing consumer preferences towards healthy meat and milk products along with strict regulations regarding antibiotics ban in Europe may stimulate eubiotics market growth.
Prebiotics market from fructo-oligosaccharide may register significant gains at over 10% by 2024. FOS are non-digestible fibers which supports the growth of probiotic bacteria in the GI tract and are widely used in dairy products, thereby stimulating industry growth.
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Dry form eubiotics was valued at over 1.5 billion in 2017 owing to its longer shelf life and improved culture stability. These products are used in animal feed owing to its low storage and transportation cost should fuel the industry growth.
Eubiotics market from gut health application may register significant gains at over 7.5% by the end of forecast period. Gut infections may lead to low efficiency, low yield along with additional cost in treatments and trade losses which has resulted in necessity for these product to maintain gut integrity and functionality.
Germany eubiotics market demand should expect gains at above 6.5% by the end of 2024. Rising importance of livestock health and antibiotics ban in the EU may positively favor industry growth. Further, these products help in reducing mortality rates by providing effective feed conversion, enhancing immunity and reducing risks of pathogens and virus which may boost eubiotics market growth.
China organic acid market demand may witness gains at over 8.5% by the end of predicted timeline. These products reduce bacterial contamination and acts as antimicrobial agent thereby preventing mould growth in animal feedstuffs. Lactic acid is used for lowering pH in the stomach thereby improving protein digestibility and minimizes the rate of gastric emptying. Rising middle class population has increased the demand for meat and dairy products thereby boosting eubiotics market growth.
DSM, Cargill, BASF, Kemin, Neospark Lallemand, Friesland Campina and ROQUETTE Freres are the major manufacturers of eubiotic products in the market. All these industry participants are highly focusing on strategic partnerships and product launches to enhance their footprint in the market and maximize global reach.
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Release ID: 507011