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(MoneyNewsWire.Net, January 26, 2018 ) Latin America Eubiotics Market was worth USD 0.53 billion in 2016 and estimated to be growing at a CAGR of 7.63%, to reach USD 0.77 billion by 2021. 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 nutrition value with them. The commercialization of farming and increase in 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 in keeping away various diseases in animals and keeping them healthy hence increasing their productivity. It helps in creating an appropriate balance of the micro flora in our gastrointestinal tract so as to maintaining a hygienic living.
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The ban on antibiotics has led to an open window for Eubiotics to break into the agricultural industry and replace them. It had been the major reason for the recent growth in the Latin America Eubiotics Market size. Other important factors responsible for driving the market include rising demand for naturally derived products, industrialization of livestock industry and increasing instances of livestock disease. These factors have helped in growth of the Latin America Eubiotics Market lately, though some of the factors have resulted in being hurdles to the market as well. Some of them include regulatory frame work, competition for raw materials from other industries and low awareness of product efficiency.
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The Latin 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 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 Latin America Eubiotics Market is segmented into various regions namely Brazil, Argentina, Mexico and Rest of Latin America.
Some of the major leaders dominating the Latin America Eubiotics Market include Addcon, BASF SE, Royal DSM, 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
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