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The global eubiotics market grew at a CAGR of around 7% during 2015-2020. Eubiotics refer to various feed additives used to improve the digestive health in poultry, swine, livestock and aquatic animals. They are natural digestive stimulants and are used as a substitute to antibiotics in the feed. Eubiotics commonly include probiotics, prebiotics, essential oils and organic acids that enhance nutrient absorption, enhance immunity and increase overall performance. They aid in maintaining a healthy balance of microbiota, such as bacteria, archaea, protists and fungi, in the gastrointestinal tract and are essential for immunologic, hormonal and metabolic homeostasis.
The increasing prevalence of livestock diseases across the globe represents one of the key factors creating a positive outlook for the market. Consumption of eubiotics-based feed provides essential nutrients and health and medicinal benefits to livestock, such as prevention and timely treatment of chronic diseases. Furthermore, increasing awareness among consumers regarding feed quality and safety also driving the market growth. Eubiotics are widely used as an alternative for antibiotic growth promoters (AGPs) in animals and livestock. In line with this, the growing demand for animal meat and protein is also contributing to the increasing demand for Eubiotics. Additionally, various technological advancements, such as the use of innovative microbiological solutions to develop novel product variants with targeted results and easy digestibility, are contributing to the market growth. Other factors, including the rapid modernization of the livestock industry, along with increasing domestication of animals as pets, especially in the developed countries, are anticipated to drive the market further. Looking forward, IMARC Group expects the global eubiotics market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global eubiotics market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, form, application and end use.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Bionutrition Corp., Behn Meyer Holding AG, Beneo Gmbh (Südzucker AG), Calpis Co. Ltd. (Asahi Group Holdings Ltd.), Koninklijke DSM N.V., DuPont de Nemours Inc., Kemin Industries Inc., Lallemand Inc., Lesaffre, Novus International Inc. (Mitsui & Co. Ltd.) and UAS Laboratories LLC (Chr. Hansen Holding A/S).
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