Global Eubiotics Market’s Significant Growth Supplemented by Increased Meat Consumption
Inkwood Research projects that the Global Eubiotics Market is evaluated to register a CAGR of 7.11% in terms of revenue during the forecasting years of 2021-2028.
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Eubiotics are feed additives comprising
prebiotics, organic acids, essential oils, and probiotics. They can efficiently
help facilitate gut health with or without a notable reduction in the usage of
antibiotic growth promoters (AGPs). Furthermore, the term eubiosis means the ideal
balance of microflora in the gastrointestinal system.
Increased
Meat Consumption to Stimulate Growth
A rapidly increasing global population, in
addition to the increasing rates of industrialization as well as changing
consumer habits, have steadily bolstered the demand for meat. In this regard, meat
production has increased four times globally over the last five decades. More
than 300 million cattle and 1.5 billion pigs are slaughtered for human meat consumption
every year. Poultry (predominantly chicken), pig meat, and beef constitute
approximately 92% of global meat production. Moreover, while pork and poultry
dominate meat consumption across the world, the average prices for these meats
are substantially lower compared to beef. This contributes to their elevated
levels of consumption, even across low-income nations.
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Gut Health
is the Fastest-Growing Application
The equilibrium of bacteria in the
digestive system constitutes gut health. Eubiotics offer viable micro-organisms
aiding the maintenance of a natural population balance of probiotic
micro-organisms in the gastrointestinal tract, thus facilitating normal
digestive health. Moreover, they also serve as a source of food for bacteria
that naturally exist in the stomach and subsequently promote digestion and
healthy flora. While essential oils offer taste along with upholding digestive
function and normal gut health, organic acids extend nutritional support for
the mucosal lining of the digestive tract.
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Asia-Pacific
to Lead the Global Market
The significant growth observed across the
Asia-Pacific eubiotics market is mainly accredited to the substantial increase
in meat consumption, income development in emerging nations, and the
population’s lifestyle changes. However, despite the ban on the use of
antibiotics, several countries in the Asia-Pacific still use antibiotics as
growth promoters, thus restraining the market’s growth.
Firms with extensive portfolios and undistinguishable
products are ascribed to the intense competition across the global eubiotics
market. Moreover, the companies also spend millions of dollars on augmenting
their product portfolios. Several firms are launching innovative products in
the market, thereby ensuring the availability of substitutes and alternatives. Therefore,
the competition is set to be high during the forecast period.
Some of the leading enterprises operating
in the market are DuPont de Nemours Inc, Cargill Inc, Archer Daniels Midland Co
(ADM), etc.
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energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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