Market Data Forecast

Europe Eubiotics Market: Drivers and Forecast by Market Data Forecast

The Europe Eubiotics Market was worth USD 1,689.7 million in 2016 and estimated to be growing at a CAGR of 7.13%, to reach USD 2,545.8 million by 2022.


Hyderabad, India -- (SBWIRE) -- 03/16/2018 -- The increasing prominence of eubiotics can be understood relative to the history of vitamins. Vitamins were initially thought-about as feed or food additives however not as essential products; currently, no diet is assumed to be complete without their presence. Eubiotics are expected to chart an identical course and become essential in the vacuum created by the antibiotics ban. The capitalization of this vacuum is crucial to the success of eubiotics as antibiotics, no matter their health or environmental hazards, provided vital functionality to the meat production processes.

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The Europe Eubiotics Market was valued at USD 1,689.7 million in 2016 and is predicted to be growing at a CAGR of 7.13%, to achieve USD 2,545.8 million by 2022. The popularity of eubiotics as a successful alternative to antibiotics is the main reason behind the high predicted growth rate of the market.

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The ban on antibiotics as a means to push growth has been prohibited in regions like Europe. This situation has shifted focus to the development of latest alternatives like Eubiotics. Antibiotic traces are found in meat thus adversely affecting human health. Thanks to adverse health effects of antibiotics, they become a subject of public dispute thus prompting governments to ban its usage. Eubiotics market has benefitted from this trend in the recent past and is anticipated to continue doing so over the forecast period.

Product innovations, government initiatives, increasing research and development activities, rise within the meat consumption, nutritional advantages, ban on the usage of antibiotics as growth promoters, increasing production of meat and increasing income are driving the market for eubiotics. Additionally, the rise in awareness regarding meat quality and dairy product, growing concern for animal safety from diseases, rise in demand for better quality animal feed and increasing living standards are expected to drive the market for eubiotics.

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Based on geography, Europe market is studied in different regions namely the U.K., Germany, France, Spain and Italy. The growing meat business in Europe is anticipated to compliment eubiotics market growth over the forecast period.

The leading companies in the current market include Addcon, Novus International Inc., Beneo Group, BASF SE, Royal DSM, CHR, Kemin Industries Inc., E. I. Du Pont De Nemours and Company, Cargill Incorporated, Hansen A/S and Behn Meyer Group.

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