The global eubiotics market size is expected to reach USD 12.34 billion by 2032, according to a new study by Polaris Market Research. The report “Eubiotics Market Share, Size, Trends, Industry Analysis Report, By Form (Solid, Liquid); By Product; By End Use; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In modern farm systems, maintaining good gut health is imperative for the production and well-being of farm animals. Consequently, eubiotics play a vital role in enhancing both animal performance and welfare. These substances contribute to achieving a balance by promoting the prevalence of increasing food absorption, beneficial gastrointestinal flora, and improving overall gut function.
The distribution of eubiotics involves feed mills, pre-mixers, and specialized wholesalers. Manufacturers typically sell eubiotics directly to consumers or through integrated feed producers. Eubiotics like organic acids are produced through processes such as fermentation and chemical synthesis, with the latter being the preferred method for animal feed applications like silage and feed additives.
The pricing of eubiotics is influenced by factors such as raw material availability, agro-climatic conditions, and regional regulations. Intense competition among manufacturers, driven by price-sensitive consumers, results in a focus on competitive pricing strategies. Companies are investing in process innovation and cost-effective raw material procurement to gain a competitive edge. Additionally, the growing demand for end-use applications like feed and pharmaceuticals, coupled with increasing eubiotics production, is expected to moderately impact prices in the forecast period.
The eubiotics sector has experienced a limited impact from the COVID-19 pandemic. While the industry has faced challenges with financial losses due to widespread mobility restrictions in key markets, the overall influence is varied. On the positive side, the pandemic has heightened awareness regarding the adverse effects of antibiotics in food animals, contributing to the positive growth of the eubiotic sector. The global shutdown caused by COVID-19 affected various sectors, including factories, production centers, restaurants, hotels, and other businesses. This led to a shortage of manpower, disruptions in the supply chain, and a decrease in the availability of raw materials and other essential ingredients.
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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Eubiotics devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Eubioticss throughout the forecast period.
Eubiotics Market Report Highlights
Polaris Market Research has segmented the Eubiotics market report based on form, product, end-use, application, and region:
Eubiotics, Form Outlook (Revenue - USD Billion, 2019 - 2032)
Eubiotics, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Eubiotics, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Eubiotics, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Eubiotics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 5.96 billion |
Revenue forecast in 2032 |
USD 12.34 billion |
CAGR |
9.50% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
By Form, By Product, By End Use, By Application, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
For Specific Research Requirements |