DUBLIN, Sep. 04, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/n2blcb/eubiotics_market) has announced the addition of the "Eubiotics Market by Type, Livestock & by Region - Global Trends and Forecast to 2020" report to their offering.
The eubiotics market is projected to grow significantly from 2015 to 2020 in almost all parts of the world, especially in the European and North American regions. Strong growth of the eubiotics market has been observed particularly in developing countries due the rise in income level and per capita consumption of animal products, such as meat and milk. Europe accounts for the largest share of the global eubiotics market. The eubiotics market in the Asia-Pacific region accounted for about 29.9% of the total market, in terms of value, in 2014. The region is an emerging market with investments from several multinational manufacturers, especially in countries such as China, India, and Japan; these are the major markets in the region. The consumption of eubiotics is increasing significantly due to various government regulations being adopted to improve animal health. Eubiotics are added in swine, poultry, ruminants, aquatic animals, equine, and pet feed. It helps in improving the intestinal microbial balance in livestock by stimulating their immune systems.
The probiotics segment also accounted for the largest share of 65.47% in 2014, and is projected to be valued at USD 4.69 Billion by 2020. Probiotics in animal feed are important constituents of the probiotics market as they protect animal health and increase the efficiency of nutrient utilization.
The global market for eubiotics was valued at USD 4.62 Billion in 2014 and is projected to reach USD 7.05 Billion by 2020, at a CAGR of 7.4% from 2015 to 2020. The market was dominated by Europe (by region) and poultry (by livestock) in 2014. The benefits of eubiotics are projected to drive the market globally.
The eubiotics market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, expansions, and mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Chr. Hansen (Denmark), Cargill Incorporated (U.S.) and ADDCON (Germany), BASF SE (Germany), Kemin Industries Inc. (U.S.), and Behn Meyer (Singapore).
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SOURCE Research and Markets