Market Size of Eubiotics Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.31 Billion |
| Market Size (2029) | USD 7.58 Billion |
| CAGR (2024 - 2029) | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Eubiotics Market Analysis
The Eubiotics Market size is estimated at USD 5.31 billion in 2024, and is expected to reach USD 7.58 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).
The COVID-19 pandemic moderately impacted the eubiotics industry. The impact was mixed on the industry as the companies suffered economic losses due to social restrictions in the major markets. However, the pandemic resulted in increased awareness about the adverse effects of antibiotics on animals, influencing the market's growth positively.
The eubiotics market is emerging as antibiotic alternatives or antimicrobials byproducts in the animal feed industry, intended to boost livestock's immunity and gut health while acting as livestock nutrition. Manufacturers are focusing on maintaining a balance in the ingredients used in the production of eubiotics to optimize nutrient absorption. In addition, the imposition of bans on antibiotics in North America and Europe, rising prices of natural feed grades, and the use of feed enzymes for cost reduction of feed grades contribute to the market's growth.
Probiotics led the market and account for a major share of the global revenue in 2021. Their demand is driven by their growing utilization, as probiotics produce specific antibacterial substances, resulting in increased immunity. For instance, probiotics, including Enterococcus Faecium, are utilized in several end-use applications, including immunity development and gut health maintenance. In addition, rising awareness concerning the usage of probiotics and strategic initiatives adopted by key manufacturers to generalize the usage of probiotics is anticipated to fuel the product's demand over the forecast period.
Poultry feed emerged as the largest end-use segment and accounted for more than 20% of the global revenue in 2021. Growing demand for poultry meat and concerns over meat quality are driving the segment's growth. There has been a mounting demand for poultry meat and products such as eggs worldwide, thereby compelling poultry industry players to implement competent methods to upsurge yield.
