Market Size of Europe Eubiotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Eubiotics Market Analysis
The Europe Eubiotics Market is projected to attain a CAGR of 7.5% during forecast period of 2020-2025. Eubiotics play an important role in providing medicinal and health benefits to livestock. Hence, they are used as feed additives for animals to add nutritional value to the meat. The spread of livestock diseases like Bluetongue disease in Europe has prompted the farmers to produce finest quality meat and dairy products. Eubiotics create an appropriate balance of micro flora in the gastrointestinal tract and maintain a hygienic living. The increasing concerns about safety of livestock and to prevent diseases has boosted the growth of eubiotics market in Europe. The ban of antibiotics as growth promoters and the enhanced living standard of consumers are fuelling the market. The rise in production of swine in the region and the preference of consumers for best quality meat has acted as drivers for the market. Regulatory framework and low awareness about the efficiency of the product are major restraints in the market. But the new technological advances can create new opportunities in the market.
