Global eubiotics market is likely to exhibit a promising growth curve as far as the short-term outlook is considered. The report will uncover the insights into how the market growth will unfold in the next few years.
Eubiotics Market Rises High on the Back of Several Nations Prohibiting Anitibiotics
Positive legislative scenarios that forbid the use of antibiotics and rising meat consumption worldwide are expected to fuel demand for the product. Over 328 million metric tonnes of beef will be consumed worldwide in 2021, more than doubling from 1990 levels. Other significant factors influencing the growth of eubiotics market include lifestyle changes, increasing knowledge of medications that may be utilized as alternatives to antibiotic growth promoters, and increased attention to protecting cattle health. With the increased expenditures for carrying out research and development initiatives as well as a growth in the use of animal feed, the eubiotics market buoyant. The quality and safety of generated feed will likely be more widely known to consumers, which will help the eubiotics business expand. The ability of aubiotics to alter gut flora and its antibacterial qualities largely decide its effectiveness.
Eubiotics are gaining popularity in both developed and developing nations as more nations outlaw the use of antibiotics. The growing demand for high-quality animal protein is a major factor anticipated to propel global revenue growth over the projected period. In the US, foods derived from animals account for more than 60% of all protein and close to a quarter of all calories ingested. Eubiotics aid in the enhancement of the immune system and help to maintain a healthy bacteria balance in the gastrointestinal tract. Additionally, farmers are looking to practical alternatives like eubiotics in response to expanding meat consumption, escalating worries about the safety and quality of meat, and a regulatory environment that inhibits the use of conventional antibiotics. The eubiotics market is flourishing due to several technical advancements, including innovative microbiological techniques to create unique product variations with focused effects and easy digestion.
Eubiotics Market: COVID-19 Impact
The COVID-19 epidemic has slightly impacted the eubiotics industry. Since firms have suffered financial losses due to significant mobility restrictions in significant markets, the industry's overall impact is mixed. The pandemic has, however, increased public awareness of the harmful effects of antibiotics in food animals, which has benefited the eubiotic industry's expansion. Worldwide closures of factories, production and manufacturing facilities, eateries, lodging facilities, and other businesses were brought on by COVID-19. Therefore, there was a labor shortage, the supply chain collapsed, and there was a decrease in the availability of raw materials and other supplies.
Rapid Industrialization of Animal Agriculture to Riase Demand in Eubiotics Market
The cattle sector has seen significant change during the last 10 years. The value chains underlying commercial cow production and the burgeoning demand were satisfied. In many areas, such as China, Japan, and India, animal husbandry has developed into a highly complex sector emphasizing the scientific management of farm animals, boosting productivity, and lowering prices. According to the World Bank, industrialized meat production is becoming more popular six times more fast than traditional meat production. The growth in bulk meat production is followed by a trend toward landless meat processing plants. A large-scale meat industry may utilize much water and produce polluted land and water. Approximately 60–90% of the nitrogen and phosphorus consumed by animals are excreted in the environment. Enhancing the feed's digestibility is one of the most important jobs performed by eubiotics since it helps absorb these nutrients into animal tissues and reduce animal waste. Because eubiotics assist increase the body mass of meat animals and demonstrably reduce the environmental effect of livestock breeding, their usage is anticipated to increase as the industrialization of livestock raising progresses.
Growing Pet Ownership Rate, and Evolvig Pet Representation Bolster Eubiotics Market
The concept of "pet humanization" has recently gained popularity in public media outlets worldwide. The pet food sector has experienced substantial expansion and a shift from pet ownership to pet rearing, particularly in wealthy countries. In wealthy nations, more than one-third of families have pets. The more intimate bond pet owners have with their animals, and the more eager consumers are to spend on pet food. The best health for pets is increasingly the top priority for pet owners. They feed their pets a nutrient-rich, readily digestible diet to keep them healthy. Thus driving the growth of the eubiotics market.
Regulatory Uncertainty Remains a Longstanding Challenge Facing Eubiotics Market
The Federal Drug, Food, and Cosmetic Act stipulate that animal food must be produced hygienically and be safe to consume (FFDCA). The foods must be correctly labeled and free of any harmful additives. The Food Safety Modernization Act (FSMA) establishes certification, sterilization, cleanliness, and ingredient labeling rules for pet food manufacturers in the US. Contrary to the Asia Pacific and South American regions, strong government regulations apply to the animal feed industry. Regarding the ingredients in pet food, different countries have varied regulations for preservatives, ethoxyquin, and food colourings. Thus, with various regulations in various regions, international trade will largely affect the growth of eubiotics market.
Probiotics Will Continue to Dominate Global Eubiotics Market in Line with Rising Public Awareness
The eubiotics market was dominated by probiotic products, accounting for a major revenue share. This is ascribed to growing consumer awareness of probiotics in animal feed, continued R&D efforts to create effective solutions, and extensive product portfolios from key industry players. Additionally, it is anticipated that the numerous animal applications, including immune enhancement and gut health maintenance, will positively affect market demand. The growing number of working women and the increased focus on improving female health further drive the adoption of specialist probiotics like L. acidophilus, L. rhamnosus, and Bifidobacterium. In addition, the popularity of ready-to-eat product options is expanding due to consumers' busy schedules and sedentary lifestyles, fueling demand for probiotic curd, yogurt, and drinks in convenient, flexible packaging.
With Price Affordability, Poultry Sector to Dominate Eubiotics Market
With a sizable revenue share over the predicted period, the poultry category dominated global eubiotics market. With the rising global demand and consumption of chicken, turkey, duck, and boilers, it has a significant market share. With its affordable pricing compared to others, low-fat content and fewer religious & cultural restrictions associated with its intake, chicken meat is one of those frequently consumed. Pork consumption is rising, forcing farmers to create high-quality, disease-free meat products for human consumption. The growth of fast food restaurants and restaurants in general, as well as the increasing popularity of meat and eggs in both local and international non-vegetarian cuisine, all serve to boost the poultry industry.
Europe Continues to Dominate Eubiotics Market on the Back of Higher Meat Consumption
Europe had a major revenue share in the forecast period, dominating the global eubiotics market. This is due to rising animal output and meat consumption from processed foods. In recent years, meat consumption has rapidly increased in countries like Italy, France, and Germany. As a result, manufacturers are now searching for high-quality, disease-free animal products. The output of sheep meat in the EU is anticipated to rise by 0.3% annually from 2021 to 2031, reaching 6,60,000 tonnes in 2031, helped by combined income assistance, a limited global supply, and rising producer prices. High product demand results from animal farmers' efforts to adhere to the rules already in place and the restriction on the use of antibiotics. The region's eubiotics market is expanding due to stringent rules and regulations that forbid the use of antibiotics, which is anticipated to be advantageous for the industry. The presence of market participants, significant demand from nations like Germany, the United Kingdom, France, and Spain, as well as widespread knowledge about the use of eubiotics and their advantages, are driving global demand.
With the growing need for animal products and the quickly expanding animal feed industry, North America is experiencing a major rise in product demand. Increased awareness of animal health due to the expanding consumption of meat and meat products in nations like Mexico, Canada, and the US has reinforced the market for animal feed products. In the US, probiotics are often offered as nutritional supplements. Therefore, they do not require FDA approval unless significant health claims are made. In a survey conducted in the US, about a third (32%) of respondents indicated they actively try to eat probiotics; of those, 60% try to do so at least once per day, and 24% try to do so several times per day. With this, eubiotics sales in the US have increased, in turn boosting the eubiotics market here.
Global Eubiotics Market: Competitive Landscape
Global eubiotics market is highly competitive, with firms that have been there for a while taking the majority of the market. Businesses invest much money in R&D to create environmentally friendly production processes. For joint R&D projects, in January 2021, Novus International collaborated with the US-based biotechnology business Agrivida. The business will look into potential new product developments that could fuel its eubiotics industry through this agreement. In May 2021, Chr. Hansen Holding AS introduced 'Bovacillus,' a novel probiotic for dairy and beef cattle. It is a unique probiotic in that its Bacillus spores withstand extreme circumstances during feed manufacture and preparation and within the gastrointestinal system. The new product will aid the company's animal health nutrition market position. In February 2021, Lallemand cooperated with Chicken Sense, which supplies advanced technology to poultry breeders. Through this collaboration, the companies hoped to improve the legitimacy and dependability of data collected from corporate farm trials. Furthermore, data would provide Lallemand with an extremely competitive market while providing consumers with exact data that would help them feel more confident in their choices.
A few of the players in the eubiotics market include Cargill (US), BASF SE (Germany), E. I. du Pont de Nemours and Company (US), Koninklijke DSM N. V. (Netherlands), Chr. Hansen A/S (Denmark), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Lesaffre Group (France), Kemin Industries, Inc. (US), Lallemand Inc. (Canada), ADDCON (Germany), Behn Meyer (Malaysia), Novus International Inc. (US), and Advanced BioNutrition Corporation (US).
Global Eubiotics Market is Segmented as Below:
Key Elements Included In The Study: Global Eubiotics Market
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