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(MoneyNewsWire.Net, January 26, 2018 ) Middle East and Africa Eubiotics Market was worth USD 0.39 billion in 2016 and estimated to be growing at a CAGR of 7.61%, to reach USD 0.56 billion by 2021. The market has been showcasing evident potential in the mentioned period. Eubiotics play a major role in providing health and medicinal benefits to livestock like preclusion and aid against other diseases common in animals. Apart from it they also carry high nutrition value with them. The rise in the capability of Eubiotics production and commercialization in farming has led the agriculture based industries to gain interest in the market lately.
Eubiotics are basically used as additives in feed for animals. They help in avoiding various diseases in animals and keeping them healthy therefore increasing their productivity. It helps in creating an appropriate balance of the micro flora in our gastrointestinal tract and maintaining a hygienic living.
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The antibiotics ban has created an open window for Eubiotics to break into the agriculture industry and fill the space. This has been one of the greatest factor responsible for the recent growth of the Middle East & Africa Eubiotics Market. Other key factors driving the market include rising demand for naturally derived products, industrialization of livestock industry and increasing instances of livestock disease. These factors have aided the growth of the market lately, although some of the factors have resulted in being hurdles to the market as well. These are competition for from other industries raw materials, low awareness of product efficiency and regulatory frame work.
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The Middle East & Africa 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 Middle East & Africa Eubiotics Market is segmented into two regions namely Middle East and Africa.
Some of the major companies dominating the Middle East & Africa Eubiotics Market, by their products and services include Royal DSM, Addcon, BASF SE, Kemin Industries Inc., CHR. Hansen A/S, Cargill Incorporated, Novus International Inc., E. I. Du Pont De Nemours and Company, Beneo Group, Behn Meyer Group.
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