PUNE, India, August 28, 2015 /PRNewswire/ --
The report "Eubiotics Market by Type
(Probiotics, Prebiotics, Organic Acids, and Essential Oils),
Livestock (Pork/Swine, Poultry, Ruminant, and
Aquaculture), & by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Global
Trends and Forecast to 2020", published by
MarketsandMarkets, The global market for Eubiotics was valued at
USD 4.62 Billion in 2014 and is
projected to reach USD 7.05 Billion
by 2020, at a CAGR of 7.4% from 2015 to 2020.
Browse 77 Tables and 52 Figures spread through 184
Pages and in-depth TOC on "Eubiotics
Market"
http://www.marketsandmarkets.com/Market-Reports/eubiotics-market-132956187.html
Early buyers will receive 10% customization on this
report.
The market report defines and segments the global Eubiotics
Market with analysis of current demand and forecasted consumption
in terms of value (USD Million). It also identifies the driving and
restraining factors for the global Eubiotics Market with analysis
of trends, opportunities, and challenges. The market is segmented
on the basis of type, livestock, and geography. The market is
segmented, and market size by value is forecasted for the major
regions such as North America,
Europe, Asia-Pacific, and the Rest of the World
(RoW).
Ask of Brief Illustration of this Report:
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Eubiotics improve the nutritional value of feed and also
influence the characteristics of animal health in a favorable
manner. The increasing demand for animal products such as meat,
dairy, and eggs has created significant pressure on livestock
farmers to improve the productivity of livestock. However, the
increasing feed prices are adding to the dilemma for these farmers
to identify the way to optimize productivity by keeping expenses at
minimal. Eubiotics are the best option available to improve feed
digestion and feed conversion ratio. Eubiotics types such as
organic acids and their salts are potential alternatives to
prophylactic in-feed antibiotics and growth promoters in order to
improve the performance of fattening pigs, weaned piglets, and
reproductive sows.
The increasing commercialization of the livestock production
sector has created significant demand for eubiotics in the global
market. The growth of the retail sector due to increasing
purchasing power of consumers on account of improving per capita
income due to industrialization and globalization is a key driver
of the demand for processed meat and dairy products. Consumers
around the world are becoming concerned about the quality of food
they are purchasing due to increasing instances of E. coli and
salmonella traces in meat and dairy products. Hence, they prefer
processed meat and dairy products since they are produced under
hygienic conditions.
The global market for eubiotics was valued at USD 4.62 Billion in 2014 and is projected to
reach USD 7.05 Billion by 2020, at a
CAGR of 7.4% from 2015 to 2020. Europe dominated the market with a share of
around 33%. The Asia-Pacific
region is expected to be the fastest-growing market during the
projected year from 2015 to 2020, due to the growing concentration
of farmers' efficient utilization of feed to reduce the cost of
production.
The Eubiotics Market is highly competitive with a large
number of global market players. The market for eubiotics is being
driven by increasing awareness, ban on the use of antibiotics in
animal feed in Europe and
North America regions. High value
eubiotics such as probiotics, prebiotics, essential oils, and
organic acids and their benefits on livestock are driving the
demand for the Eubiotics Market.
Major players such as Chr. Hansen
(Denmark), Cargill Incorporated (U.S.) and ADDCON
(Germany), BASF SE (Germany), Kemin Industries Inc. (U.S.), and
Behn Meyer (Singapore) accounted
for more than 70% of Eubiotics Market (by developments).
Expansions, new product launch and joint ventures &
collaborations were the most preferred growth strategies in the
Eubiotics Market.
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