Market Size of North America Eubiotics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Eubiotics Market Analysis
The North America feed antioxidants market is projected to register a CAGR of 6.2% during the forecast period 2020-2025. Eubiotics are expected to be the essential feed additive, which fills the vacuum created by the antibiotics ban. The capitalization of this vacuum is critical in the success of eubiotics, as antibiotics, irrespective of their health or environmental hazards, provided important functionality to the meat production processes. This impact is further strengthened by the systemic mode of action of eubiotics instead of a constricted local impact. The increasing production capabilities and commercialization of farming in various emerging countries are pushing the growth of the eubiotics market.