Eubiotics market size was over USD 4.85 billion in 2015 and is projected to exceed USD 7.5 billion by 2023, at more than 7% CAGR. The global eubiotics market production was over 1.3 million tons in 2015, which is forecast to surpass 2 million tons by 2023.
Asia Pacific eubiotics market share was over 28% of the global revenue in 2015 owing to increase in livestock production for meat consumption. Increase in per-capita middle class disposable income coupled with rise in meat consumption is forecast to positively influence eubiotics market growth. Probiotics market contributed more than 60% of the overall share in 2015, with revenue forecast to surpass USD 5 billion by 2023. Global probiotics market size was over USD 35 billion and is forecast to gain above 7% CAGR up to 2023.
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Rise in animal production for meat consumption particularly in Asia Pacific and Latin America may favor eubiotics market size growth. Key livestock includes, the pork/swine, ruminant, poultry, and aquaculture. It helps in improving the intestinal microbial balance in livestock, aid in the regulation of blood sugar levels, aid in weight, and also aid in the manangement of chronic kidney disease.
Antibiotics ban in Europe and North America owinng to increasing disease resistance pertaining to livestock should drive eubiotics demand. EU banned antibiotics usage effective from 2006. The U.S. FDA has announced to completely ban antibiotics growth promoters usage from December 2016 and promote natural additives for animal feed. These factors may drive eubiotcs market growth. These products are beneficial and help in establishing and maintaining a healthy gastrointestinal flora. Use of probiotics and prebiotics in animal feed helps in digestion, animal performance, and the immune system. Probiotics contain living microorganisms such as bacteria and/or yeasts that are good for health, especially the digestive system.
Global probiotics market size was over 670 kilo tons in 2015 and is set to gain above 9% up to 2023.Prebiotics are non-digestible sugars and they promote the growth of beneficial microorganisms in the intestines and protect against the bad ones. The use of probiotics have therapeutic effects in animal nutrition. Probiotic can have a positive effect on poultry in regard to clearing bacterial infections and regulating intestinal flora.Probiotics include lactobacilli and bifidobacteria.
Prebiotics include inulin, Galacto-oligosaccardes (GOS) and Fructo-oligosaccarides (FOS). Organic acids and essential oils include fumaric acid, formic acid, propionic acid, organic acids and lactic acid. These products are used in the feed industry and for maintaining healthy balance of microflora (eubiosis) in the gastrointestinal tract. It is also important for producing well-nourished animals. They help in proper nutrient absorption required for a normal body to function properly.
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Key application include food & beverages, dietary supplements, and animal feed. Increase in dietary supplements consumptrion owoing to growing health concerns and avoiding expensive medications may favor eubiotics market growth. Product innovation, increasing research and development, government initiatives, nutritional benefit, may drive eubiotcis market..
In addition, rise in awareness about meat quality and dairy products, growing concern for animal safety from diseases, rise in demand for better animal feed and increasing living standards are expected to positively impact revenue. However, strict government regulations and high production cost may hinder profitability and affect eubiotics market price.
Europe eubiotcis market size, led by Germany, France and UK, dominated overall comsumption in 2015. Increase in functional food & beverage demand woing to changing lifestyle may favor eubiotics market growth. North America, led by U.S. eubiotics market share, is set to witness high growth due to increasing demand for meat and dairy products, ban on antibiotics usage for growth boosters, government initiatives. Rising concern about development of efficient, high quality and safer feed additives can also positively impact product demand.
Latin America, led by Brazil, may witness increase in product consumption owing to rise disposable income for meat consumption. MEA, dominated by Saudi Arabia, may witness significant gains owing to increase meat consumption and growth of function food demand.
Key participants include, Royal DSM, BASF, Cargill, Yara International and DuPont, These players possess a significant product portfolio aimed at delivering o animal benifits for meat production. Other prominent companies contributing to global eubiotics market share are Kemin Industries, SCC Holdings, Behn Meyer, Chr. Hansen and Beneo Group.
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