USD 4.67 billion
Report ID: SQMIG15E2353 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 119 | Figures: 80
Feed Eubiotics Market size was valued at USD 4.67 billion in 2021 and is poised to grow from USD 4.95 billion in 2022 to USD 7.31 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).
The eubiotics-based feed provides animals with essential nutrients along with health and medical benefits such as illness prevention and treatment. Livestock benefit from eubiotic use because eubiotics improve gut microbiota and raise lactose tolerance, two factors essential to animal health and productivity. These all factors will drive the demand and will propel the global feed eubiotics market during the analysis period.
US Feed Eubiotics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.67 billion
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The global feed eubiotics market is segmented based on type, application, and region. Based on type, the market is segmented into probiotics, prebiotics, organic acids, and essential oils. Based on application, the market is segmented into swine, poultry, ruminant, and aquaculture. Based on form, the market is segmented into liquid and solid. By end use, the market is segmented into cattle feed, poultry feed, swine feed, aquatic feed, and others. Based on region, the global Feed Eubiotics market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Eubiotics Market Analysis by Type
In 2021, the probiotics segment accounted for more than 39% of the feed eubiotics market share and is expected to see steady growth during the analysis period. Rising awareness about probiotics in animal feed, continued R&D to develop efficient products, and diverse product offerings by major industry participants are major reasons for the growth of the segment. Multiple benefits in animals, such as immune development and gastrointestinal health maintenance, should boost feed eubiotics market demand.
Organic acids ranked second in global markets. In animal feeding, these acids preserve fodder and grain. They inhibit bacterial and mold pathogen growth, improving feed consumption. Pigs, aquaculture, and poultry use them. Organic acids improve feed quality and hygiene. All these factors should fuel organic acids segment growth during the analysis period. Propionic acid demand and consumption increased among organic acids. Most propionic acid generated is utilized as a food preservative and animal feed additive, especially for poultry and pigs. With a wide spectrum of applications in the feed industry, the eubiotics market will see tremendous growth during the analysis period.
Feed Eubiotics Market Analysis by Application
In 2021, the poultry segment accounted for more than 37% of the global feed eubiotics market share. Its substantial share is due to global demand for chicken, turkey, duck, and boilers. Chicken is frequently consumed due to its inexpensive price, low-fat content, and few religious and cultural restrictions. Increasing pork consumption has prompted producers to provide disease-free, high-quality meat. Feed additives are in high demand. Eubiotics are added to swine feed or dietary supplements to improve intestinal health, growth, and reproductive health. These compounds increase animal health and lower mortality propelling the feed eubiotics market growth.
Increased demand for meat and dairy products will boost demand for eubiotics in cattle feed. The rising demand for cheese, milk, and butter has increased the need for efficient large-scale dairy farms and high-quality feed. Eubiotics boost cattle productivity and milk output. Rising dairy and beef consumption will drive animal feed demand, which will boost the feed eubiotics market over the projection period.
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Europe's revenue share in 2021 was more than 43% for the global feed eubiotics market. Increasing meat processing and cattle output are the major factors driving the demand. Italy, France, and Germany have seen an increase in meat consumption in recent years, prompting producers to seek high-quality, disease-free animal products.
In North America, feed eubiotics demand is rising due to rising animal product demand and a thriving animal feed business. Rising meat consumption in Mexico, Canada, and the US has enhanced animal health awareness, which has boosted animal feed consumption.
Asia-Pacific is expected to be the fast-growing market during the analysis period. Growing meat consumption has increased the need to focus on animal health and hygiene, which has increased the demand for feed additives. Rising beef and pork consumption in Japan, China, India, and South Korea drives demand for animal feed and additives which propel the feed eubiotics market.
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Feed Eubiotics Market Driver
Feed Eubiotics Market Restraint
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The feed eubiotics market is relatively fragmented, with a high level of competition. Few large players, like UAS Laboratories, BENEO GmbH, and Lesaffre Group, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Eubiotics Market Top Player’s Company Profiles
Feed Eubiotics Market Recent Developments
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According to our analysis, eubiotics-based feed provides animals with essential nutrients along with health and medical benefits such as illness prevention and treatment. The eubiotic-based feed provides animals with essential nutrients and health and medical benefits such as illness prevention and treatment. During the analysis period, the probiotics segment accounted for more than 39% of the market share and is expected to see steady growth over the analysis period. Italy, France, and Germany have seen an increase in meat consumption in recent years, prompting producers to seek high-quality, disease-free animal products. Multiple benefits in animals, such as immune development and gastrointestinal health maintenance, should boost feed eubiotics market demand.
|Market size value in 2021
|USD 4.67 billion
|Market size value in 2030
|USD 7.31 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Feed Eubiotics Market Recent Developments
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Parent Market Analysis
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For the Global Feed Eubiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Feed Eubiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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