Eubiotics Market size to surpass $9.5 Bn by 2032

Eubiotics Market size is anticipated to cross USD 9.5 billion by 2032, according to a new research report by Global Market Insights Inc.
 

As per the report, surging meat consumption in the Asia Pacific is a key driver behind the market growth. The growth of the high income demographic in the region is shifting consumer inclination towards animal-derived protein consumption, elevating the demand for premium meat and meat products, creating more impetus for superior animal feed additives such as eubiotics.
 

Expansion of the region’s food service sector is further stimulating the industry outlook by creating a strong demand for premium meats such as wagyu and hanwoo beef. Wagyu and hanwoo beef production is particularly challenged as it requires the cattle to be in optimal health, making feed additives a necessity for farmers.
 

Growing aquaculture farming sector to propel liquid form segment demand

The eubiotics market from liquid form segment is poised to observe around 6.5% growth rate between 2023 and 2032, fueled by the low cost of liquid form eubiotics. These type of eubiotics are most commonly used in the fish farming sector. Recently, with dwindling wild sea catch and skyrocketing demand, the global fishing sector has turned to raising their own fish and other sea foods to make the industry more sustainable for future generations. As per the World Economic Forum, demand for blue food is expected to double by 2050.
 

Rising milk consumption in Asia Pacific to foster livestock segment share

Based on livestock, eubiotics market from cattle segment is predicted to reach USD 260 million by 2032, fostered by the increasing demand for milk, dairy, and meat products in the Asia Pacific. APAC is home to some of the world’s largest milk producers, with India contributing about 23% of global milk production. Such high production warrants effective use of food additives to improve cattle diets and bolster their ability to yield more milk and meat.
 

Eubiotic feed additives are also used as milk replacers of dairy calves to improve their ruminal fermentation and health and performance during the preweaning period.
 

Browse key industry insights spread across 434 pages with 597 market data tables and 42 figures & charts from the report, “Eubiotics Market Size By Product (Prebiotics [Inulin, FOS, MOS, GOS] Probiotics [Lactobacillus, Bifidobacterium, Bacillus, Streptococcus] Organic Acid [Acetic Acid, Lactic Acid, Fumaric Acid, Formic Acid, Propionic Acid], Essential Oil, Exogeneous Enzymes[Amylase, Protease, Phytase, Xylanses, ß- glucanase), By Form (Dry, Liquid), By Application (Gut Health, Yield, Immunity), By Livestock (Poultry, Swine, Cattle, Aquaculture), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/eubiotics-market
 

Increasing demand for high-quality animal feed to impel product segment expansion

The eubiotics market from exogenous enzymes segment is projected to expand at a CAGR of 4.5% through 2032. Exogenous enzymes reduce intestinal viscosity and improve gut performance, boosting the immune responses as well as metabolic function of animals against pathogenic effects. In addition, they also help break down the NSPs (non-starch polysaccharides) and improve feed utilization. This makes them ideal for capitalizing on the surging demand for high-quality and fast-acting animal feed in the market.
 

Surging dairy production to strengthen the Europe market

Europe eubiotics market is estimated to witness over 10% CAGR from 2023 to 2032, on account of growing consumption and production of dairy items such as yogurts, cheese, and milk. In fact, according to reliable estimates, the region produced over 161 million tonnes of raw milk in 2021. The regional value can also be attributed to the ongoing antibiotics ban in the EU, which opens a sizable opportunity for the feed additives sector. Back in August 2021, Hansen Holding A/S, a European bioscience company, launched science-based probiotics for the pet foods and supplements.
 

Moreover, increasing development of AGP substitutes further augments the demand for eubiotics. Meanwhile, strong presence of major industry leaders such as DSM, Hansen Holding A/S, and others is also supplementing the regional growth.
 

Mergers and acquisitions to outline the competitive landscape for eubiotics industry

Major players involved in the eubiotics market include BASF SE, Cargill, Inc., Calpis Co., Ltd., Beneo GmbH, ROQUETTE Freres, Novozymes, and Lesaffre Group. Many of these players are emphasizing mergers and acquisition strategies to extend their global footprint in recent years. Back in July 2021, DSM, a Dutch multinational corporation acquired Midori USA, Inc., a next-gen eubiotics platform start-up. The company’s platform aligns with DSM’s current eubiotics portfolio and bioscience capability.