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Eubiotics Market Size,Volume,Revenue Trends Analysis Report 2023-2032| BASF SE, Royal DSM, Lallemand Inc., Novus International Inc., Chr Hansen Holding A/S
Eubiotics Market Size
The Business Research Company's Eubiotics Global Market Report 2023 identifies The surge in the livestock population as the major driver for the eubiotics market's growth in the forecast period. Livestock refers to various breeds of various animals that are raised for commercial purposes, including domestic and wild animals. The population of livestock animals is increasing due to the use of animals for commercial purposes, such as the sale of milk, eggs, chicken, and fibre products. For instance, in 2021, according to a report by the Brazilian Institute of Geography and Statistics, hogs and pigs reached 42.25 million, a rise of 3.2%. Therefore, the rising use of livestock animals for commercial purposes is anticipated to fuel the growth of the eubiotics market in the upcoming years.
The global eubiotics market size is expected to grow from $4.94 billion in 2022 to $5.41 billion in 2023, at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of eubiotics is expected to reach $7.49 billion in 2027 at a compound annual growth rate (CAGR) of 8.5%.
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Major competitors in the eubiotics market are BASF SE, Royal DSM, Lallemand Inc., Novus International Inc., Chr Hansen Holding A/S, Lesaffre Group, Cargill Incorporated, Novozymes, DuPont Nutrition & Biosciences, Advanced BioNutrition Corporation, Addcon GmbH, Behn Meyer, Calpis, Behn Meyer, Associated British Foods plc, Evonik Industries, ASAHI GROUP HOLDINGS Ltd., Behn Meyer, Roquette Frères, Friesland Campina, and Neospark Drugs and Chemicals Private Limited.
A key trend in the eubiotics market includes Product innovation. Major players in the market are focusing on creating innovative products to increase the quality of feed additives in eubiotic products. High-quality nutrients, such as probiotics, are feed additives that improve animal performance by enhancing gut health. For instance, in May 2021, Chr. Hansen Holding A/S, a Denmark-based company that develops natural animal nutrients, launches a probiotic product known as Bacillus. This product is a probiotic that produces high-quality digestive enzymes to improve the gut health of the animal.
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The eubiotics market is segmented -
• By Product Type: Probiotics, Prebiotics, Organic Acids, Essential Oils, Enzymes
• By Function: Gut And Digestive Health, General Health And Wellness, Immunity
• By Form: Dry, Liquid
• By Livestock: Cattle, Poultry, Swine, Aquaculture, and Other Livestock
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the eubiotics market.
The Business Research Company's "Global Eubiotics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Eubiotics Market Include:
1. Executive Summary
2. Eubiotics Market Characteristics
3. Eubiotics Market Trends And Strategies
4. Eubiotics Market - Macro Economic Scenario
5. Eubiotics Market Size And Growth
……
26. Africa Eubiotics Market
27. Eubiotics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Eubiotics Market
29. Eubiotics Market Future Outlook and Potential Analysis
30. Appendix
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