Global Feed Eubiotics Market Size, Share, Growth Analysis, By Type(Probiotics, Prebiotics), By Application(Swine, Poultry), By Form(liquid and solid), By End use(cattle feed, poultry feed) - Industry Forecast 2024-2031

Report ID: SQMIG15E2353 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 119 | Figures: 80

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Feed Eubiotics Market size was valued at USD 4.67 billion in 2019 and is poised to grow from USD 4.95 billion in 2023 to USD 7.31 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

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. 'Novus International Inc.', 'BASF SE', 'Cargill, Inc.', 'Archer Daniels Midland Company', 'Koninklijke DSM N.V.', 'Novozymes A/S', 'Chr. Hansen Holding A/S', 'Lallemand Inc.', 'Kemin Industries, Inc.', 'Lesaffre et Compagnie', 'Nutreco N.V.', 'Royal Agrifirm Group N.V.', 'Biomin Holding GmbH', 'Danisco A/S', 'Addcon Group GmbH', 'Beneo GmbH', 'Perstorp Holding AB', 'Elanco Animal Health Inc.', 'Phibro Animal Health Corporation', 'Provimi Holding B.V.', 'In August 2022, BENEO GmbH a Germany-based company announced its acquisition of Meatless, a Dutch company specializing in plant-based texturizers.', 'In May 2022, CHR. Hansen has added the newest component of the VEGATM Culture Kit a collection of VEGATM Boost cultures. This is to assist manufacturers in satisfying the demands of customers for plant-based products that are satisfying in terms of flavor as well as nutrition and sustainability.', 'In November 2021, Chr. Hansen released its next-generation SWEETY®. This is the company's newest product for reducing sugar in fresh dairy. Using the power of fermentation, SWEETY® lets yogurt makers keep their customers' favorite level of sweetness while reducing the amount of added sugar by up to 1 g per 100 g of yogurt.'

Rising customer awareness of superior quality feed grades with exact ingredient compositions to preserve balance during consumption drives the eubiotics market. Manufacturers mix eubiotics' components to maximize nutrient absorption. Antibiotic bans in North America and Europe, rising natural feed prices, and the use of feed enzymes to reduce feed costs also boost the industry. Rising marketplaces provide market players with new growth opportunities.

Commercializing animal production has boosted the eubiotics business. Global industrialized meat production will continue to rise. According to current research, using symbiotics in poultry diets can boost livestock production. Aromatic compounds from plant polyphenols that inhibit bacterial extracellular enzymes and oxidative phosphorylation hinder pathogen metabolic substrates and nutrition intake. This function boosts immunity. Increasing understanding of healthy animal feed additives is increasing the global popularity of eubiotics.

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.

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Global Feed Eubiotics Market Size, Share, Growth Analysis, By Type(Probiotics, Prebiotics), By Application(Swine, Poultry), By Form(liquid and solid), By End use(cattle feed, poultry feed) - Industry Forecast 2024-2031

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