Eubiotics Market Size to Reach USD 10.7 Billion at a CAGR of 8% by 2032 | Reports and Data

 There is an increasing demand for meat products, but there are concerns about the use of antibiotics in animal feed. Eubiotics are feed additives that can assist animals in performing better, maintaining healthy gut function, and optimizing nutrient absorption.

Eubiotics Market Size – USD 5.4 Billion in 2022, Growth – at a CAGR of 8%, Trends – Prioritizing animal welfare as well as, adaptation of natural and sustainable feed additives. 

The global Eubiotics Market size was USD 5.4 Billion in 2022 and is expected to register a revenue CAGR of 8% over the forecast period, according to the latest report by Reports and Data.

Eubiotics are a substitute for antibiotics in animal feed that can help mitigate the risks associated with the development of antibiotic resistance in humans. This is an escalating global issue, and using eubiotics can reduce greenhouse gas emissions and improve feed efficiency, which can have negative impacts on the environment.

As the world's population is expected to reach 9.7 billion by 2050, there is a growing demand for meat-based products. To meet this demand, eubiotics are being used in animal feed to promote the well-being of livestock and increase their productivity. This has led to a significant increase in revenue growth in the animal feed industry. The use of eubiotics in chicken feed is expected to rise substantially due to factors such as a higher demand for poultry meat and stricter regulations on the use of antibiotics in animal feed.

Furthermore, the use of eubiotics in aquaculture is contributing to the growth of market revenue. As consumer demand for fish and seafood products continues to rise, aquaculture is rapidly expanding. Eubiotics are being employed in fish and shrimp feed to enhance the growth, survival, and disease resistance of aquatic animals, resulting in a greater quantity of fish and seafood-based products. As more businesses in the aquaculture industry recognize the advantages of using eubiotics in animal feed, the demand for these products is expected to increase.

Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/6004

Top Lading Players: Cargill, Incorporated, Evonik Industries AG, Kemin Industries, Inc., Lallemand, Inc., BASF SE, Koninklijke DSM N.V., Adisseo, Chr. Hansen Holding A/S, Biorigin, and Nutreco N.V.

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