The North American eubiotics market size is expected to reach USD 1,737.16 million in 2024 and reach USD 2,675.29 million by 2029, growing at a CAGR of 9.02% from 2024 to 2029.
The market is expected to show enormous potential in the years to come. Eubiotics play a key role in providing medicinal and health benefits to livestock, such as preclusion and cures against other diseases common in animals. Apart from these they also carry significant nutrition value with them. The commercialization of farming and an increase in the capability of Eubiotics production has led the agriculture-based industries to take more interest in the market lately.
Eubiotics are used as additives for animal feed. They help in avoiding various diseases in animals, keeping them healthy and thus increasing their productivity. It also creates an appropriate balance of the microflora in our gastrointestinal tract to help in maintaining a hygienic living.
The ban on the antibiotics market has created an opportunity for antibiotics to enter the agriculture industry with immense potential. It has been one of the greatest reasons for the recent growth in the North American eubiotics market. Other important factors responsible for driving the market include industrialization of the livestock industry, increasing instances of livestock disease and rising demand for naturally derived products. These factors have helped the growth of the North America eubiotics market lately, although some of the other factors have also acted as hurdles to the market as well. These include competition from other industries for raw materials, regulatory framework, and unawareness of product efficiency.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
9.02% |
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Segments Covered |
By Type, Livestock, and Country |
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Various Analysis Covered |
Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
United States, Canada, Mexico Rest of North America |
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Market Leaders Profiled |
Addcon, BASF SE, Royal DSM, CHR. Hansen A/S, Behn Meyer Group, Kemin Industries Inc., E. I. Du Pont De Nemours and Company, Cargill Incorporated, Novus International Inc., Beneo Group |
This research report on the North American eubiotics market is segmented and sub-segmented into the following categories.
North America Eubiotics Market – By Type:
Probiotics lead the market share under type segmentation because of their efficiency over other types.
North America Eubiotics Market – By Livestock:
The Eubiotics Market for poultry is expected to have the highest CAGR among all the sub-segments of livestock, as Eubiotics help in increasing the growth rate of poultry and maintain their high nutrition value.
North America Eubiotics Market – By Country:
On the basis of geographical analysis, the North America market is segmented into two countries namely United States and Canada.
KEY MARKET PLAYERS:
Some of the major companies dominating the North American eubiotics market include Addison, Behn Meyer Group, Beneo Group Royal DSM, and CHR. Hansen A/S, BASF SE, E. I. Du Pont De Nemours and Company, Cargill Incorporated, Kemin Industries Inc., Novus International Inc.
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