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(MoneyNewsWire.Net, January 26, 2018 ) North America Eubiotics Market was worth USD 1.02 billion in 2016 and estimated to be growing at a CAGR of 7.51%, to reach USD 1.46 billion by 2021. The market is expected to show enormous potential in the years to come. Eubiotics play a key role in providing with medicinal and health benefits to livestock, such as preclusion and cure against other diseases common in animals. Apart from these they also carry significant nutrition value with them. The commercialization of farming and increase in 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 micro flora in our gastrointestinal tract to help in maintaining a hygienic living.
The ban on antibiotics market has created an opportunity for Eubiotics to enter the agriculture industry with an immense potential. It has been one of the greatest reason for the recent growth in the North America Eubiotics Market. Other important factors responsible for driving the market include industrialization of 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 frame work and unawareness of product efficiency.
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The North America Eubiotics Market is segmented on the basis of type and livestock. Based on type the market is segmented into probiotics, prebiotics, organic acids and essential oils. Probiotics is further fragmented in lactobacilli, bifidobacteria and others. Prebiotics are segmented in inulin, fructo-oligosaccharides, galacto-oligosaccharides and others. Probiotics lead the market share under type segmentation because of its efficiency over other types. Based on livestock the segmentation is done into ruminant, poultry, swine, aquaculture, horses and others. 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. On the basis of geographical analysis, the North America market is segmented into two countries namely United States and Canada.
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Some of the major companies dominating the North America Eubiotics Market include Addcon, Behn Meyer Group, Beneo Group Royal DSM, 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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