Latin America Eubiotics Market

Latin America Eubiotics Market Size (2024 to 2029):

The Latin American eubiotics market size is expected to reach USD 758.53 million in 2024 and reach USD 1,120.22 million by 2029, growing at a CAGR of 8.11% from 2024 to 2029.

The market is expected to showcase significant potential in the given forecasting period.  Eubiotics play an important role in providing health and medicinal benefits to livestock, such as preclusion and immunity against other diseases common in animals. Apart from these, they also carry nutritional value with them. The commercialization of farming and increase in the capability of producing Eubiotics has led the agriculture-based industries to take interest in the market lately.

Eubiotics are usually used as additives in feed for animals. They help keep away various diseases in animals and keep them healthy, hence increasing their productivity. It helps in creating an appropriate balance of the microflora in our gastrointestinal tract so as to maintain a hygienic living.

The ban on antibiotics has led to an open window for eubiotics to break into the agricultural industry and replace them. It has been the major reason for the recent growth in the size of the Latin American eubiotics market. Other important factors responsible for driving the market include rising demand for naturally derived products, industrialization of the livestock industry, and increasing instances of livestock disease. These factors have helped in the growth of the Latin American eubiotics market lately, though some of the factors have resulted in hurdles to the market as well. Some of them include regulatory framework, competition for raw materials from other industries, and low awareness of product efficiency.

This research report on the Latin America Eubiotics Market is segmented and sub-segmented into the following categories.

Latin America Eubiotics Market – By Type:

• Probiotics
• Prebiotics
• Organic acids
• Essential oils

Latin America Eubiotics Market – By Livestock:

• Ruminant
• Poultry
• Swine
• Aquaculture
• Horses
• Others

Latin America Eubiotics Market – By Country:

• Brazil
• Mexico
• Chile
• Argentina
• Rest of Latin America

KEY MARKET PLAYERS:

Some of the major leaders dominating the Latin American eubiotics market include Addcon, BASF SE, Royal DSM, and CHR. Hansen A/S,  Cargill Incorporated, Kemin Industries Inc., E. I. Du Pont De Nemours and Company,  Behn Meyer Group, Novus International Inc., Beneo Group.