Market Size of Asia Pacific Eubiotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Eubiotics Market Analysis
The Asia-Pacific feed probiotics market was valued at USD 885.2 million in 2019 and is projected to witness a CAGR of 7.4% over the forecast period. Development of research programs by local and global players are the major factors that are driving the growth of the market. Provita Eurotech Ltd, Life Products, Inc., Calpis Co. Ltd, Chr. Hansen A/S and Lallemand, Inc. are some of the major players operating in the market. Studies showed that Probiotics have enhanced the growth rate in broilers better than AGP (avilamycin) and other substitutes for AGP, such as phytochemicals, such as essential oils. Thus, increasing awareness pertaining to the nutritional benefits of probiotics is likely to further drive the Eubiotics market during the forecast period.
APAC Eubiotics Industry Segmentation
Feed Eubiotics are considered to be the commercially-manufactured feed additive products that are used to enhance the characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions. The feed Eubiotics that is accounted for in the commercial compound feed production has only been considered in the scope of the study.
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Asia Pacific Eubiotics Market Size Summary
The Asia-Pacific Eubiotics market is experiencing significant growth, driven by increased research and development efforts from both local and global players. Key companies such as Provita Eurotech Ltd, Life Products, Inc., Calpis Co. Ltd, Chr. Hansen A/S, and Lallemand, Inc. are at the forefront of this expansion. The market is benefiting from the growing awareness of the nutritional advantages of probiotics, particularly in enhancing the growth rate in broilers compared to traditional alternatives like avilamycin and phytochemicals. Yeast probiotic supplements are gaining attention for their role in improving gut functions and reducing treatment costs in livestock farming. Field trials have demonstrated the positive impact of these probiotics on cattle and swine, highlighting their potential as sustainable alternatives to antibiotics.
China plays a pivotal role in the Asia-Pacific Eubiotics market, contributing a substantial revenue share, particularly in the aquaculture sector. The country's focus on probiotics, especially Lactobacillus, is evident in its thriving aquafeed industry. However, challenges such as the African Swine Fever have impacted pig herds, leading to a shortfall in swine feed. Despite these challenges, the market is characterized by strong R&D investments and strict regulatory norms, which are expected to further propel the Eubiotics market. The market is highly fragmented, with leaders like Chr. Hansen A/S and DuPont de Nemours Inc. offering a diverse range of products across various animal sectors, providing them with a competitive edge.
Asia Pacific Eubiotics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Powers of Buyers
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1.4.2 Bargaining Powers of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Probiotics
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2.1.1.1 Lactobacilli
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2.1.1.2 Bifidobacteria
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2.1.1.3 Other Probiotics
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2.1.2 Prebiotics
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2.1.2.1 Inulin
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2.1.2.2 Fructo-Oligosaccharides
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2.1.2.3 Galacto-Oligosaccharides
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2.1.2.4 Other Prebiotics
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2.1.3 Organic Acids
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2.1.4 Essential Oils
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Indonesia
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2.2.1.4 Thailand
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2.2.1.5 Japan
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2.2.1.6 South Korea
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2.2.1.7 Australia
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2.2.1.8 Rest of Asia-Pacific
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Asia Pacific Eubiotics Market Size FAQs
What is the current Asia Pacific Eubiotics Market size?
The Asia Pacific Eubiotics Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Eubiotics Market?
DSM Nutritional Products, Inc., Novus International, Inc., Kemin Industries, Bluestar Adisseo Company and Lallemand, Inc. are the major companies operating in the Asia Pacific Eubiotics Market.
