Eubiotics Market Is Witnessing Promising Growth Rate to Reach USD 7,047 Million by 2022: Market Data Forecast
Global Eubiotics market was worth USD 4,446.5 million in 2016 and is anticipated to grow at a CAGR of 8.04%, to reach USD 7,047.4 million by 2022.
Hyderabad, India -- (SBWire) -- 01/04/2018 --Eubiotics Market is witnessing promising growth rate to USD 7,047 million by 2022: Market Data Forecast
According to the Market data forecast report, the global Eubiotics market was worth USD 4,446.5 million in 2016 and is anticipated to grow at a CAGR of 8.04%, to reach USD 7,047.4 million by 2022. Eubiotics play a vital role in preventing the most common disease in animals by providing medical benefits along with nutritional components essential for their growth.
One of the major reason for the growth of the Eubiotics market is the ban on the antibiotics in various geographic regions. The other prominent factors for propelling the growth of global Eubiotics growth are increasing demand for naturally developed products, industrialization of the livestock industry and also the sudden outbreak of various zoonotic diseases. However, complexities in food production chain owing to regulatory structures and trade complexities. Increase in the raw material prices is also a key restraining factor for the market growth
The global Eubiotics market is segregated on the basis of type and livestock. The different types of Eubiotics are Probiotics, Prebiotics, organic acids and essential oils. The Probiotics is classified into Lactobacilli, Bifdobacteria and others whereas, prebiotics is divided into Inulin, Fructo-Oligosaccharides, Galacto-Oligosaccharides and others. On the basis of livestock the market is segmented into Ruminant, Poultry, Swine, Aquaculture and Horses. Prebiotics accounts for the largest share compared to the Probiotics because of its efficiency.
According to the Geographical Analysis, The global Eubiotics market is divided into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Europe region dominating the Eubiotics market and is followed by the Asia pacific and North America. Asia pacific is growing at a tremendous rate owing to increasing investments from various multinational manufacturers.
Browse full research report with TOC on "Eubiotics Market By Type (Probiotics (Lactobacilli, Bifidobacteria And Others), Prebiotics (Inulin, Fructo-Oligosaccharides, Galacto-Oligosaccharides And Others), Organic Acids And Essential Oils), By Livestock (Ruminant, Poultry, Swine, Aquaculture, Horses And Others), And By Region - Global Industry Analysis, Size, Share, Growth and Trends"
Some of the key players leading the Eubiotics Market with their wide range of products and services are BASF SE, Royal DSM, Addcon, Behn CHR. Hansen A/s., Cargill Incorporated Meyer Group Kemin Industries Inc and E. IBeneo Group.
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