Market Size of Europe Eubiotics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Eubiotics Market Analysis
The Europe Eubiotics Market is projected to attain a CAGR of 7.5% during forecast period of 2020-2025. Eubiotics play an important role in providing medicinal and health benefits to livestock. Hence, they are used as feed additives for animals to add nutritional value to the meat. The spread of livestock diseases like Bluetongue disease in Europe has prompted the farmers to produce finest quality meat and dairy products. Eubiotics create an appropriate balance of micro flora in the gastrointestinal tract and maintain a hygienic living. The increasing concerns about safety of livestock and to prevent diseases has boosted the growth of eubiotics market in Europe. The ban of antibiotics as growth promoters and the enhanced living standard of consumers are fuelling the market. The rise in production of swine in the region and the preference of consumers for best quality meat has acted as drivers for the market. Regulatory framework and low awareness about the efficiency of the product are major restraints in the market. But the new technological advances can create new opportunities in the market.
Europe Eubiotics Industry Segmentation
The Europe Eubiotics Market is segmented by Type (Probiotics, Prebiotics, Organic Acids and Essential Oils), By Animal Type(Ruminant, Poultry, Swine, Aquaculture, Pet food, Horses and others) in the countries like Spain, United Kingdom, France, Germany, Russia, Italy and Rest of the Europe.
Type | ||||||
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Organic Acids | ||||||
Essential Oils |
Animal Type | |
Ruminant | |
Poultry | |
Swine | |
Aquaculture | |
Pet Food | |
Horses | |
Others |
Geography | |
Spain | |
United Kingdom | |
France | |
Germany | |
Russia | |
Italy | |
Others |
Europe Eubiotics Market Size Summary
The Europe eubiotics market is experiencing significant growth, driven by the increasing demand for high-quality meat and dairy products. Eubiotics, as feed additives, play a crucial role in enhancing the nutritional value of livestock products by maintaining a balanced microflora in the gastrointestinal tract. This is particularly important in the context of livestock diseases such as Bluetongue, which have raised concerns about the safety and quality of meat. The ban on antibiotics as growth promoters has further propelled the adoption of eubiotics, as they offer a safer alternative for maintaining livestock health. Additionally, the rising consumer preference for organic and high-quality food products, coupled with the industrialization of meat production, has contributed to the market's expansion. However, challenges such as regulatory constraints and limited awareness about eubiotics' benefits remain.
The market is characterized by the presence of major international players like Royal DSM, Cargill Incorporated, BASF, Addcon, and Behn Meyer Group, who are actively investing in research and development to innovate and expand their product offerings. These companies are also exploring new geographical markets to enhance their presence. The shift towards eubiotics is not only driven by the need to replace antibiotics but also by the growing consumer consciousness regarding health and environmental sustainability. The use of eubiotics is expected to mitigate the environmental impact of industrialized livestock production, aligning with the increasing demand for organic products. As the market continues to evolve, technological advancements present new opportunities for growth and development in the eubiotics sector across Europe.
Europe 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 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of 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 Others
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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 Others
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2.1.3 Organic Acids
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2.1.4 Essential Oils
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2.2 Animal Type
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Pet Food
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2.2.6 Horses
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2.2.7 Others
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2.3 Geography
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2.3.1 Spain
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Germany
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2.3.5 Russia
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2.3.6 Italy
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2.3.7 Others
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Europe Eubiotics Market Size FAQs
What is the current Europe Eubiotics Market size?
The Europe Eubiotics Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Europe Eubiotics Market?
DSM, BASF , Behen Meyer, Cargill Incorporated and Addcon are the major companies operating in the Europe Eubiotics Market.