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The Global Eubiotics Market Calculated to Progress at $7521.10 Million by 2028

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The Global Eubiotics Market Calculated to Progress at $7521.10 Million by 2028

September 22
18:23 2021
The Global Eubiotics Market Calculated to Progress at $7521.10 Million by 2028
The Global Eubiotics Market
As per Triton’s research report, the global eubiotics market gathered $4239.22 million in 2020, and is deemed to advance at a CAGR of 7.43% by 2028.

A recent study by Triton Market Research titled ‘Global Eubiotics Market’ includes the Global Analysis and Forecasts by Livestock (Ruminants, Aquaculture, Poultry, Swine, Other Livestock), Application (Gut Health, Immunity, Yield Management, Other Applications), Form (Dry, Liquid), End-user (Animals, Humans), Type (Essential Oils, Prebiotics, Organic Acid, Probiotics), and by Geography (North America, Latin America, Asia-Pacific, Europe, Middle East and Africa). 

Eubiotics consist of prebiotics, probiotics, essential oils, and organic acids that help maintain gut health with or without antibiotic growth promoters. 

Request Free Sample of the Global Eubiotics Market Report @ https://www.tritonmarketresearch.com/reports/eubiotics-market#request-free-sample

Triton’s report suggests that the global eubiotics market is likely to observe growth in terms of revenue at a CAGR of 7.54% during 2021-2028, gaining a revenue worth $7521.10 million by 2028. 

A rapidly growing global population, coupled with industrialization and changing consumption habits, have supported the demand for meat products. This has ultimately led to the rise in meat production over the years. Moreover, the increased consumption has created concerns pertaining to meat quality, leading to the use of eubiotics to produce healthy meat. Hence, the surge in meat production significantly contributes to the growth of the eubiotics market. However, several consumers are unaware of the benefits offered by eubiotics, which hampers the overall development of the eubiotics market globally. 

The eubiotics market is broadly segmented into livestock, application, form, end-user, and type. Based on livestock, it is divided into ruminants, aquaculture, poultry, swine, and other livestock. The application segment is branched into gut health, immunity, yield management, and other applications. In terms of form, the market is bifurcated into dry and liquid. Further, the end-user segment includes animals and humans. Lastly, the type section is categorized into essential oils, prebiotics, organic acid, and probiotics. 

Geographically, Europe is dominating the eubiotics market. This robust growth can be attributed to the rising animal diseases and ban on antibiotics across various countries. In recent years, several countries have prohibited the use of antibiotics in animal feed. Moreover, the authorities prohibited the prophylactic use of antibiotics in farming. This is because antibiotic misuse has become a major challenge, leading to the emergence of antibiotic-resistant bacteria that can be transmitted to humans. Hence, all these factors supplement the growth of the eubiotics market across the region. 

Neospark Drugs and Chemicals Private Limited, Koninklijke DSM NV, Beneo GmbH, Lesaffre, BASF SE, Novus International Inc, Behn Meyer Group, Archer Daniels Midland, Cargill Inc, Kemin Industries Inc, Anpario Plc, Lallemand Inc, CHR Hansen Holding AS, Dupont De Nemours Inc, and Yara International ASA are major companies thriving in the eubiotics market. 

Purchase this Report @ https://www.tritonmarketresearch.com/reports/eubiotics-market#purchase-option

Question & Answer: Eubiotics Market

Question 1: What market trend contributes to the growth of the eubiotics market?

Answer: A rapidly growing global population, coupled with industrialization and changing consumption habits, have supported the demand for meat products. This has ultimately led to the rise in meat production over the years. Moreover, the increased consumption has created concerns pertaining to meat quality, leading to the use of eubiotics to produce healthy meat. Hence, the surge in meat production significantly contributes to the growth of the eubiotics market. 

Question 2: What factor hampers the overall development of the eubiotics market?

Answer: Several consumers are unaware of the benefits offered by eubiotics, which hampers the overall development of the eubiotics market globally.

Question 3: Which region is dominating the eubiotics market?

Answer: Geographically, Europe is dominating the eubiotics market. This robust growth can be attributed to the rising animal diseases and ban on antibiotics across various countries. In recent years, several countries have prohibited the use of antibiotics in animal feed. Moreover, the authorities prohibited the prophylactic use of antibiotics in farming. This is because antibiotic misuse has become a major challenge, leading to the emergence of antibiotic-resistant bacteria that can be transmitted to humans. Hence, all these factors supplement the growth of the eubiotics market across the region. 

Question 4: Which are the major companies thriving in the eubiotics market?

Answer: Neospark Drugs and Chemicals Private Limited, Koninklijke DSM NV, Beneo GmbH, Lesaffre, BASF SE, Novus International Inc, Behn Meyer Group, Archer Daniels Midland, Cargill Inc, Kemin Industries Inc, Anpario Plc, Lallemand Inc, CHR Hansen Holding AS, Dupont De Nemours Inc, and Yara International ASA are major companies thriving in the eubiotics market. 

Related Report:

Global Animal Nutrition

The global animal nutrition market is anticipated to grow at a CAGR of 5.18% through the considered period of 2019-2028. The market is expected to gather $18050.7 million in revenue by 2028.

Animal nutrition products refer to dietary components that help boost the immune system, enhance livestock production, and promote animal well-being. 

The market is driven by several factors, including the industrialization of livestock and the high demand for animal nutrition. Additionally, the rising disposable income and growing demand for meat products are creating new opportunities for the animal nutrition market globally. 

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