Owing to factors such as a ban on the use of antibiotics as growth promoters, rising standards of living, and enhanced demand for animal protein, eubiotics has been able to consolidate expansive markets across leading economies of the world. In simple words, eubiotics refer to a range of products that are crucial in maintaining an optimal balance of eubiosis (microflora) in the gastronomical tract. It is vital for producing well-nourished and healthy animal stock.
A considerable amount of research has been conducted over the last couple of years to study the viability of eubiotics as potential growth promoters in the global scenario. The findings of these studies reveal that the demand for eubiotics is poised to grow at a significant pace. The global eubiotics market can be segmented into probiotics, prebiotics, organic acids, and essential oils on the basis of distinct product types. Among these product categories, prebiotics and probiotics are growing at the fastest pace. Prebiotics include galacto-oligosaccharides (GOS), inulin, and fructo-oligosaccharides (FOS), while probiotics include bifidobacteria and lactobacilli. Likewise, the segment of organic and essential oils includes formic acid, propionic acid, furmaric acid, lactic acid, and other organic acids. The global eubiotics market can also be segmented as ruminant, pork or swine, aquaculture, poultry, and others on the basis of livestock.
Europe and Asia Pacific to Provide Most Lucrative Market Opportunities for Eubiotics Vendors
Europe is the largest market for eubiotics, followed by Asia Pacific. Factors such as increased concerns pertaining to safety of animals from diseases, restrictions imposed on the usage of antibiotics as a potent growth promoter, enhanced awareness about the quality of meat, and bolstered swine production in Europe and Asia Pacific are expected to boost the demand for eubiotics in the region.
North America will emerge as a lucrative market for eubiotics in the near future. Increasing demand for dairy and meat products and a ban on the usage of antibiotics in the region as growth boosters for animals, will bolster market opportunities for vendors to capitalize on. In addition, governing bodies of the region are adopting significant initiatives for the development of high-quality, efficient, and safer feed additives. The drive to ensure enhanced livestock health and quality will encourage the demand for eubiotics in North America.
Increased Demand for Quality Dairy and Meat Products to Drive Global Eubiotics Market
Increased research and development activities, government initiatives, product innovation, rise in consumption of meat, growing awareness about nutritional benefits offered by dairy products, ban on the use of antibiotics as growth boosters, and overall increase in the disposable income of consumers are the major factors driving the growth of the eubiotics market globally. Escalating demand for better animal feed quality and enhanced living standards of the consumers are expected to keep the demand for eubiotics high in the near future as well. However, the manufacturers might have to address issues related to stringent government regulations and high costs of production.
Nevertheless, emerging economies such as India and China are projected to offer lucrative opportunities for eubiotics vendors in Asia Pacific. In addition, increasing mergers and acquisition, new product launches, and rise in the number of partnerships and collaborations will spur the global eubiotics market.
Product Innovation to Benefit Global Eubiotics Market Stakeholders
The global market for eubiotics is highly rewarding from the perspective of meat producers and feedstock manufacturers. Product Innovations are expected to further enhance market opportunities for vendors. Some of the leading players operating in the market are SCC Holdings Berhad, BASF SE, Behn Meyer Group, YARA International Asa, Royal DSM, Cargill Incorporated, Kemin Industries Inc., E.I Dupont, Chr. Hansen A/S, and Beneo Group.
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