Touching a revenue pool of US$ 6 Bn mark in 2019, the global eubiotics market will grow at a promising CAGR during the forecast period, 2019-2029. Upsurge in meat consumption in tandem with growing concern about livestock safety would be the key factors oiling the growth engine. Further, increasing need for better quality animal feed and meat products among customers is offering potential opportunities to market players.
The global eubiotics market is projected to reach US$ 12.4 Bn by the end of 2029. The market was valued at a little above US$ 6 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 7.5% between 2019 and 2029. Regionally, Europe holds the leading share in the market, in terms of consumption.
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“Antibiotics, despite their numerous benefits, pose threat to animal health as well as their surroundings. As such, regulatory bodies such as the Food and Drug Administration (FDA) are instituting bans on the adoption of antibiotics during the production of meat and dairy products. This is creating a fertile ground for higher profit margins for eubiotics manufacturers,” reveals FMI study.
Key Findings of FMI’s Report on Eubiotics Market
Eubiotics Market – Key Driving Factors
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Eubiotics Market – Key Restraints
Competition Landscape of Eubiotics Market
Players in eubiotics market are focusing on improving sourcing processes and expanding their product portfolio by collaborating with domestic players. Key manufacturers in the eubiotics market include Cargill, BASF SE, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Chr. Hansen Holding A/S, Novozymes, Calpis Co., Ltd., Lesaffre Group, Kemin Industries, Inc., Lallemand, Inc., Addcon, Behn Meyer Group, Novus International, Inc., Advanced Bio Nutrition Corp, and Beneo Group.
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Table Of Content
1. Global Eubiotics Market – Executive Summary
2. Market Overview
3. Key Market Trends
4. Key Success Factors
5. Market Background
6. Global Eubiotics Market Demand Analysis 2014-2018 and Forecast, 2019-2029
7. Global Eubiotics Market Pricing Analysis
8. Global Eubiotics Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
9. Global Eubiotics Market Analysis 2014-2018 and Forecast 2019-2029, by Type
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