Global Animal Eubiotics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Animal Eubiotics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Animal Eubiotics market finds that the global Animal Eubiotics market reached a value of USD 7340.53 million in 2022. It’s expected that the market will achieve USD 11379.33 million by 2028, exhibiting a CAGR of 7.58% during the forecast period.

Influence of COVID-19 Outbreak on Animal Eubiotics Industry Development

Sales were blocked and meat and poultry pressure was severe. Affected by factors such as the closure of the live poultry market, traffic control and other factors, live poultry transportation and sales have basically ceased to be affected, and live poultry in the city is under heavy pressure.

Concentrated slaughter is difficult, market supply is urgent, and it is difficult to meet demand. In addition, the aquaculture enterprises and slaughtering and processing enterprises are scattered, and transportation is difficult due to traffic control.

The risk of epidemics increases. At present, it is the season when major animal epidemics such as highly pathogenic avian influenza occur frequently. Due to the increase in fences, the breeding density is increased, the management is limited, and the risk of outbreaks is doubled.

Insufficient protection of means of production. Poor supply of corn, soybean meal, etc. in feed raw materials, upstream production of feed raw materials factories (such as rice mills, oil mills) resumed production delays, feed production enterprises' production capacity could not keep up, resulting in a decline in feed enterprises' production capacity, and some farmers' feed supply shortages, even The phenomenon of starvation of livestock or poultry or abandonment of live feed.

The development of the entire aquaculture industry has been completely blocked, and many large poultry and aquaculture farms in the world have been affected.

Strength

Increase in health benefits derived from eubiotics.
Increased digestibility of nutrients, help with better growth.
There are fewer cost-effective alternatives on the market
The penetration rate has increased and the range of applications has increased.

Weakness

Strict governmental animal additive regulations.
High production cost show.

Opportunities

In developing nations, there is increased demand for animal feed additives and a rise in demand for milk and meat products.
The quality requirements for poultry and other farming products have been improved.

Threat

Fierce competition in the industry, and there are many powerful enterprises in the market.
Strict animal food import and export trade policy.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Royal dsm, BASF, Cargill, Dupont and Hansen are the five key players in the global Animal Eubiotics market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Animal Eubiotics market in the past 5 years.

Segmentation Overview:

By type, Probiotics segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Poultry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Animal Eubiotics market covered in Chapter 3:

BASF
Cargill
Dupont
Hansen
Kemin
Royal dsm

In Chapter 4 and Chapter 14.2, on the basis of types, the Animal Eubiotics market from 2018 to 2029 is primarily split into:

Probiotics
Prebiotics
Organic acids
Essential oils

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Animal Eubiotics market from 2018 to 2029 covers:

Swine
Poultry
Ruminants
Aquaculture
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)