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Global Eubiotics Market's Significant Growth Supplemented by Increased Meat Consumption
Inkwood Research projects that the Global Eubiotics Market is evaluated to register a CAGR of 7.11% in terms of revenue during the forecasting years of 2021-2028."Browse 71 Market Data Tables and 55 Figures spread over 244 Pages, along with an in-depth TOC on the Global Eubiotics Market Forecast 2020-2028."
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Eubiotics are feed additives comprising prebiotics, organic acids, essential oils, and probiotics. They can efficiently help facilitate gut health with or without a notable reduction in the usage of antibiotic growth promoters (AGPs). Furthermore, the term eubiosis means the ideal balance of microflora in the gastrointestinal system.
Increased Meat Consumption to Stimulate Growth
A rapidly increasing global population, in addition to the increasing rates of industrialization as well as changing consumer habits, have steadily bolstered the demand for meat. In this regard, meat production has increased four times globally over the last five decades. More than 300 million cattle and 1.5 billion pigs are slaughtered for human meat consumption every year. Poultry (predominantly chicken), pig meat, and beef constitute approximately 92% of global meat production. Moreover, while pork and poultry dominate meat consumption across the world, the average prices for these meats are substantially lower compared to beef. This contributes to their elevated levels of consumption, even across low-income nations.
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Gut Health is the Fastest-Growing Application
The equilibrium of bacteria in the digestive system constitutes gut health. Eubiotics offer viable micro-organisms aiding the maintenance of a natural population balance of probiotic micro-organisms in the gastrointestinal tract, thus facilitating normal digestive health. Moreover, they also serve as a source of food for bacteria that naturally exist in the stomach and subsequently promote digestion and healthy flora. While essential oils offer taste along with upholding digestive function and normal gut health, organic acids extend nutritional support for the mucosal lining of the digestive tract.
Asia-Pacific to Lead the Global Market
The significant growth observed across the Asia-Pacific eubiotics market is mainly accredited to the substantial increase in meat consumption, income development in emerging nations, and the population's lifestyle changes. However, despite the ban on the use of antibiotics, several countries in the Asia-Pacific still use antibiotics as growth promoters, thus restraining the market's growth.
Firms with extensive portfolios and undistinguishable products are ascribed to the intense competition across the global eubiotics market. Moreover, the companies also spend millions of dollars on augmenting their product portfolios. Several firms are launching innovative products in the market, thereby ensuring the availability of substitutes and alternatives. Therefore, the competition is set to be high during the forecast period.
Some of the leading enterprises operating in the market are DuPont de Nemours Inc, Cargill Inc, Archer Daniels Midland Co (ADM), etc.
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