This report provides exclusive insights into the COVID-19 impact on the Eubiotics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Eubiotics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Eubiotics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the eubiotics market provides an in-depth analysis of segments and sub-segments in global as well as the regional eubiotics market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional eubiotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global eubiotics market. According to the report, the global eubiotics market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.
The eubiotics term is used in the feed industry, which denotes a healthy balance of the microbiota in the gastrointestinal tract of animals. ‘Eubiotics’ refers to an optimal balance of microflora in the gastrointestinal tract. The main purpose of using such eubiotics is to maintain the intestinal eubiosis, which results in improved health status and performance in farm animals. A microbiota includes bacteria, archaea, protists, fungi, and viruses. Microbiota is crucial for immunologic, hormonal and metabolic homeostasis activities. Feed additives such as probiotics, prebiotics, essential oils, and organic acids are often referred to as eubiotics. Eubiotics helps to maintain the correct balance of the microbial activity in the gastrointestinal tract of animals. This results in benefits as enhanced nutrient absorption, better immunity and an increase in overall performance. Such advantages are expected to drive market growth over the forecast period.
Eubiotics helps in treating gut-related disorders and used as a viable alternative to antibiotics because the excessive application of antibiotics leads to multidrug-resistant pathogens. Additionally, it helps to improve the palatability and enhance the pepsin activity among animals. As the awareness is increasing about several health benefits of Eubiotics among the animal farmers, demand for eubiotics is growing. But, few substitutes of eubiotics especially antibiotics as flavophospholipol, avilamycin, salinomycin-Na, and monensin-Na became part of public criticism and many countries in the European Union banned these products. These antibiotics not only harm the cattle but also create several diseases in human, due to the consumption of diseased animal’s meat, milk, egg, etc. Additionally, mounting pressure on the farmers to optimize feed utilization, due to a reduction in the feed cultivation area, storage problem of raw feed material for future purposes increase the demand of eubiotics globally.
Furthermore, the growing consumption of meat across the globe has increased the overall demand for eubiotics, because it helps to improve the growth rate, reduction in mortality, and improvement in feed conversion efficiency. Also, consumer awareness about meat quality has grown in the recent past, they want antibiotic-free meat. To cater to this need, livestock farmers are using probiotic to meet their expectation.
Globally, North America holds the largest market share, due to the increasing adoption of eubiotics in the animal field industry. Additionally, the presence of several eubiotics producing companies in this region is expected to boost the growth of this market in this region. Europe follows North America, due to the growing demand for the animal-based product, and growing government regulation to protect the animal husbandry business. Additionally, farmers in this region are more aware of the side effect of substitute of eubiotics, hence they are using eubiotics to rear their animals and cater the demand. Asia Pacific is showing a good CAGR growth rate in this market. China and India are the major revenue contributor countries in this region, due to the growing demand for animal-based products in these regions. These demands are especially backed by the growing income level of middle-class consumers.
The report on global eubiotics market covers segments such as type, livestock, function, and dosage form. On the basis of type, the global eubiotics market is categorized into probiotics, prebiotics, organic acids, and essential oils. On the basis of livestock, the global eubiotics market is categorized into poultry, swine, ruminants, and aquatic animals. On the basis of function, the global eubiotics market is categorized into nutrition and gut health, yield, immunity, and production. On the basis of dosage form, the global eubiotics market is categorized into dry, and liquid.
The report provides profiles of the companies in the global eubiotics market such as BASF SE, Koninklijke DSM N.V., Novozymes, Cargill, MSP Eubiotics, Greenvet, Novus International, Nebraska Cultures, Advanced BioNutrition Corp, and Lallemand Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global eubiotics market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the eubiotics market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the eubiotics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the eubiotics market to understand the present and future trends in this market and formulate their strategies accordingly.