Eubiotics Market growing at a CAGR of 8.7% from 2022 to 2030

Key Market Trends & Insights

• Europe dominated the global market with a high revenue share of over 43% in 2021.
• Asia Pacific is one of the fastest emerging markets globally.
• Based on end-use, the poultry segment dominated the market with a high revenue share of over 37% in 2021.
• In terms of applications, gut health applications dominated the market with a high revenue share of more than 35% in 2021.
• Based on form, solid form dominated the eubiotics market with a revenue share of more than 60% in 2021.

Market Size & Forecast

• 2021 Market Size: USD 4.6 Billion
• 2030 Projected Market Size: USD 9.6 Billion
• CAGR (2022-2030): 8.7%
• Europe: Largest market in 2021
• Asia Pacific: Fastest growing market

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The market experiences high competition with well-established and long-term operating players enjoying major market share. Companies are heavily investing in R&D activities to develop sustainable technologies for manufacturing cost-effective and affordable products. The lack of an adequate number of players in several countries specifically in the Middle East opens ample opportunities for new players to enter and gain a strong foothold in the market.

Eubiotics are manufactured and are distributed either through feed mills, pre-mixers, or specific distributors. The companies involved in manufacturing eubiotics either sell their products directly to their consumers or sell them to integrated feed producers. Either way, the eubiotic products reach the livestock producers. Eubiotics, such as organic acids, are manufactured by processes such as fermentation and chemical synthesis. Mostly, the chemical synthesis process is preferred for animal feed applications such as silage and feed additives.

Eubiotics prices are majorly influenced by raw material availability, agro-climatic conditions, regional jurisdictions, etc. The manufacturers compete based on competitive pricing owing to the presence of price-sensitive buyers. The manufacturers are focused on process innovation and low-cost raw material procurement to gain a competitive advantage in the market. Furthermore, the fast growth of end-use applications such as feed, and pharmaceutical among others along with increasing production of eubiotics which is inclined to bridge the gap between supply and demand is further projected to moderately increase the prices over the forecast period.

Eubiotic products such as prebiotics, and probiotics are an important part of the value chain of the nutraceuticals industry. Developing economies, including India and China, are well-positioned in the market, owing to technological advancement, low-cost labor, and abundant availability of raw materials due to upscale production. Key players in developing economies are, thus, creating an optimized process and a robust supply chain for cost-effective product manufacturing, thereby offering products at comparatively lower prices.

Product Insights

Probiotics products dominated the market with a high revenue share of over 39% in 2021. This is attributed to the rising awareness regarding the usage of probiotics in animal feed, ongoing R&D activities to develop efficient products, and broad product offerings by major industry participants. Also, the multiple usages in animal applications such as immunity development and gut health maintenance is expected to have a positive impact on the market demand.

Furthermore, organic acids were the second dominant product type in the global markets. These acids are used as forage and grain preservatives in animal nutrition. They discourage the growth of bacterial as well as mold pathogens, thus contributing to better utilization of feed resources. They can be used for applications such as pigs, aquaculture, and poultry. Organic acids prove to be an effective solution in addressing feed quality and hygiene issues. All these attributes are expected to drive the organic acids segment growth over the forecast period.

Additionally, Propionic acid witnessed high growth in demand and consumption among other organic acids. Most of the propionic acid produced is used as a preservative for both food for human consumption and animal feed and is most effectively used as a feed additive as well as growth promoter in food animals, especially in poultry and pig.

Eubiotics Market Report Scope