The Asia-Pacific Eubiotics Market was worth USD 1.16 billion in 2016 and is estimated to be growing at a CAGR of 7.92%, to reach USD 1.7 billion by 2021.
The Eubiotics Market is showing significant potential in the mentioned forecast period. Eubiotics play a key role in providing health and medicinal benefits to livestock, like preclusion and cure against diseases common in animals.
Besides, they also carry nutrition value with them. The increase in capability of producing Eubiotics and commercialization of farming has led the agriculture based industries to take interest in the market lately.
It helps in maintaining a hygienic living by creating an appropriate balance of the micro flora in our gastrointestinal tract.
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The ban on antibiotics resulted in an open window for Eubiotics to make their way into the agriculture industry and replace them. It has been one of the major reason behind the recent growth of the Asia-Pacific Eubiotics Market.
Other key factors driving the market growth include rising demand for naturally derived products, industrialization of livestock industry and increasing instances of livestock disease. These factors have been responsible for growth of the market lately, although some of the factors have resulted in being hurdles to the Asia-Pacific Eubiotics Market.
These factors include regulatory frame work, competition for raw materials from other industries and low awareness of product efficiency.
The Asia-Pacific Eubiotics Market is segmented on the basis of type and livestock. Based on type the market is segmented into probiotics, prebiotics, organic acids and essential oils.
Probiotics is further fragmented in lactobacilli, bifidobacteria and others. Prebiotics are segmented in inulin, fructo-oligosaccharides, galacto-oligosaccharides and others.
Probiotics lead the market share under type segmentation because of its efficiency over other types. Based on livestock the segmentation is done into ruminant, poultry, swine, aquaculture, horses and others.
The Asia-Pacific Eubiotics Market for poultry is expected to have the highest CAGR among all the sub segments of livestock, as Eubiotics help in increasing the growth rate of poultry and maintain their high nutrition value. On the basis of geographical analysis, the Asia-Pacific Eubiotics Market is segmented into various countries namely China, India, Australia, South Korea and Japan.
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Some of the major companies dominating the Asia-Pacific Eubiotics Market, by their products and services include Addcon, BASF SE, Cargill Incorporated, CHR. Hansen A/S, Royal DSM, Kemin Industries Inc., E.
I. Du Pont De Nemours and Company, Behn Meyer Group, Novus International Inc., Beneo Group.
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