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Eubiotics Market Segments, Analysis, Trends, Opportunities, and Strategies 2024-2033
Eubiotics Market Segments
As per the report, the eubiotics market size has grown strongly in recent years. It will grow from $5.37 billion in 2023 to $5.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The eubiotics market size is expected to see strong growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Eubiotics Market To Thrive On The Surge In Livestock Population For Commercial Use
The surge in the livestock population base in the eubiotics market is expected to drive the market's growth during the forecasting period. Livestock refers to various breeds of 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 fiber 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.
High-Quality Feed Additives For Enhanced Animal Performance
Product innovation is a key trend in the eubiotics market. 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, launched a probiotic product known as Bacillus. This product is a probiotic that produces high-quality digestive enzymes to improve the gut health of animals.
The eubiotics market covered in this report is segmented -
1) By Product Type: Probiotics, Prebiotics, Organic Acids, Essential Oils, Enzymes
2) By Function: Gut And Digestive Health, General Health And Wellness, Immunity
3) By Form: Dry, Liquid
4) By Livestock: Cattle, Poultry, Swine, Aquaculture, Other Livestock
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Major companies operating in the eubiotics market report are BASF SE, Koninklijke DSM NV, Lallemand Inc., Novus International Inc., Chr Hansen Holding A/S, Cargill Inc., E I du Pont de Nemours and Company, Calpis Co. Ltd., Lesaffre Group, Kemin Industries Inc., Evonik Industries AG, Archer Daniels Midland Company, Beneo GmbH, BioResource International Inc., Biomin Holding GmbH, Bluestar Adisseo Company, Dupont Nutrition & Biosciences, Nutreco NV, Pancosma SA, Provimi Holding BV, Synbio Tech Inc., Vetagro SpA, Wacker Chemie AG, Zinpro Corporation, Alltech Inc., Danisco Animal & Nutrition, Impextraco NV, Nuscience Group, Olmix Group
Contents of the report:
1. Executive Summary
2. Eubiotics Market Report Structure
3. Eubiotics Market Trends And Strategies
4. Eubiotics Market - Macro Economic Scenario
5. Eubiotics Market Size And Growth
…..
27. Eubiotics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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