Africa Eubiotics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Eubiotics cover a broad range products usually classified as probiotics, prebiotics, essential oils, and organic acids. Probiotics are essentially the good living microorganisms that are inserted into the body while prebiotics are the chemicals that facilitate or nourish these probiotics once they are within the system. The African market for Eubiotics is valued at $XX Million in 2017 and is expected to grow at a CAGR of XX% during the forecast period to mature into a $XX Million by 2022.

The African regulatory stance, in regard to the use of antibiotics, is different from the major western markets. The emerging and under developed nature of the African states requires the use of certain antibiotics for maintaining the production efficiency. The ‘additive’ nature of the eubiotics products is therefore stressed in such a market environment. The functionality and visible improvement achieved through Eubiotics is essential for their large-scale success in the African landscape. The improvement in the feed conversion and digestibility ratios after use of eubiotics is an important factor in promoting the market in the region. The pricing of the products are also an important market determinant, with organic acids and various pro/pre-biotics playing an important role in this regard.

The African regions are characterized by many restraining forces, primarily those of infrastructure and market awareness. But the availability of raw materials in abundance and in a comfortable price range is often cited as an important counter to these constraints. However, the capitalization of this production advantage is expected to be a long-term prospect thereby pushing for mid-range growth rates in the observed period. Extensive marketing and consumer engagement on the local scale is essential for raising the almost negligible consumer awareness thereby ensuring the success of the market.

The market is segmented on the lines of product type, animal type, and geography. Probiotics, prebiotics, essential oils and organic acids are the various product types mentioned. Prebiotics are further divided into Inulin, Fructo-Oligosaccharides, and Galacto-Oligosaccharides, with probiotics divided on the lines of Lactobacilli, and Bifidobacteria. As mentioned above, benzoic acid is considered an important eubiotic. Ruminant, Poultry, Swine, Aquaculture, domestic Pets, and Horses are major animal types covered.The demand from these regions is in response to the recently imposed ban on antibiotic growth promoters. The major players involved are Royal DSM, BASF SE, CHR Hansen A/S, Kemin Industries Inc. and Cargill.

Study Deliverables:

• Market Definition for the specified topic along with identification of key drivers and restraints for the market
• Analysis for the Africa Eubiotics Market, with region specific assessments and competition analysis on a regional scale
• Segment-level analysis in terms of application and end-user demand
• Forecasts and estimations for the sub-segment level market
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a regional scale
• Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect the Eubiotics Market on a regional scale
• Extensively researched competitive landscape section with profiles of key players along with their share of markets
• A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments

Scope of the Study:

• Comprehensive overview of the Eubiotics Market
• Competitive intelligence regarding the major players in this industry and the strategies adopted by them
• Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped