Food Animal Eubiotics Market Size to reach $5513.2 Million by 2027 | Valuates Reports

In 2020, the global Food Animal Eubiotics market size was US$ 5382.7 million and is forecast to 5513.2 million US in 2027, growing at a CAGR of 0.4% during the 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Food Animal Eubiotics.

Food animal eubiotics is a kind of animal feed additive that used for maintaining optimal balance of microflora (eubiosis) in the gastrointestinal tract. Food animal eubiotics help in proper nutrient absorption required for normal working of the body. It is essential for producing well-nourished animals. Rise in demand for animal protein products, ban on use of antibiotics and increasing living standards are the main driving forces for the growth of food animal eubiotics market.

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We forecast Asia Pacific will be the largest consumer of food animal eubiotics and is expected to retain the higher growth rate during the next five years due to strong growth in food animal eubiotics. China and India will witness a major chunk of the production and consumption of food animal eubiotics in the Asia pacific region.

This report focuses on Food Animal Eubiotics volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Food Animal Eubiotics market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.

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Market Segment Analysis

The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type, the Food Animal Eubiotics market is segmented into

o Probiotics
o Prebiotics
o Organic Acids
o Essential Oils

Segment by Application

o Swine
o Ruminant
o Poultry
o Aquaculture
o Others

The major players in global Food Animal Eubiotics market include:

o Royal DSM
o BASF
o Cargill
o DowDuPont
o Hansen
o Kemin
o Novus International
o ADDCON
o Yara
o Behn Meyer
o Beneo Group
o Qingdao Vland
o Baolai Leelai
o Guangzhou Xipu
o Guangzhou Juntai
o Lucky Yinthai
o Shanghai Zzfeed
o Greencore

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Essential Oils Market: https://reports.valuates.com/market-reports/ALLI-Auto-1Z62/essential-oil

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This release was published on openPR.