The report "Eubiotics Market by Type (Probiotics, Prebiotics, Organic Acids, Essential Oils), Livestock (Swine, Poultry, Ruminant, Aquaculture), Form (Dry and Liquid), Function (Nutrition & Gut Health, Yield, Immunity, Production) - Global Forecast to 2022", The global eubiotics market is estimated to be valued at USD 4.84 Billion in 2016 and projected to reach USD 7.47 Billion by 2022, at a CAGR of 7.51% from 2016.
Eubiotics are gaining importance as they play an important role in improving feed digestibility, cost reduction, nutrient absorption, and better performance. They are achieving popularity as they are replacing antibiotics for improved health and performance of livestock. Hence, eubiotics will be viewed as a business opportunity in the next six years. As a result, many multinational players have entered into the production of various types of eubiotics, which can be used for diversified livestock.
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Significant growth expected in the probiotics segment
Probiotics are gaining high popularity in the eubiotics market across the world, the demand for probiotics used in feed for animal health and nutrition have been contributing to the growth in the market. Rapidly increasing demand for quality animal products is anticipated to drive the market for probiotics in animal feed during the projected period. Probiotics are more convenient to use, owing to their ease in application. Probiotics are the most widely used eubiotics and hence, are projected to be the fastest-growing for the next six years.
The poultry segment projected to be the fastest-growing market during the forecast period
The poultry segment is projected to be the fastest-growing market from 2016 to 2022. The role of eubiotics in poultry includes altering the metabolism by enhancing digestive enzyme activity, maintaining normal intestinal microflora, and reducing bacterial enzyme activity and ammonia production. They improve feed intake and digestion, neutralize enterotoxins, and stimulate the immune system. The Asia-Pacific market for eubiotics in the poultry segment accounted for the largest share in 2015.
Significant growth for eubiotics in animal feed observed in the European region
Eubiotics have tremendous market opportunities in the animal feed industry around the world. The animal feed industry in the European and Asia-Pacific regions is significantly influenced by the demand for animal feed additives, increase in concerns toward disease outbreak in livestock, and rise in demand for milk and meat products. The demand for eubiotics-based products in animal feed is continuously increasing in the Asia-Pacific region. Increase in awareness about the health benefits derived from eubiotics is also the prime factor driving the demand for eubiotics-based animal feed in this region.
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This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Cargill (U.S.), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N. V. (Netherlands), Chr. Hansen A/S (Denmark), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Lesaffre Group (France), Kemin Industries, Inc. (U.S.), Lallemand Inc. (Canada), ADDCON (Germany), Behn Meyer (Malaysia), Novus International Inc. (U.S.), and Advanced BioNutrition Corporation (U.S.).