Eubiotics Market 2023 Global Business Insights Report
Eubiotics Market Scope & Overview
The Eubiotics Market is expected to grow from USD 4.68 billion in 2022 to USD 8.83 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.25% from 2023 to 2030.
This projection highlights the significant potential for growth in the Eubiotics Market over the next decade. Eubiotics, which refer to beneficial microorganisms used in animal feed, have gained considerable attention due to their ability to improve animal health and performance.
With increasing consumer awareness about the importance of animal welfare and the demand for sustainable and natural alternatives in livestock production, the eubiotics market is poised for substantial expansion. The rising adoption of eubiotics as a viable alternative to antibiotics in animal feed is a key factor driving this growth.
Furthermore, stringent regulations and restrictions on the use of antibiotics in animal feed have prompted livestock producers to seek safer and more sustainable alternatives. Eubiotics offer a promising solution by promoting gut health, enhancing nutrient absorption, and boosting immunity in animals, thereby reducing the need for antibiotics.
The market's growth is also fueled by the growing demand for high-quality animal products, such as meat, milk, and eggs, which are free from harmful residues and antibiotics. Consumers are increasingly seeking products that are produced using sustainable and ethic
Eubiotics Market Scope & Overview
The Eubiotics Market is expected to grow from USD 4.68 billion in 2022 to USD 8.83 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.25% from 2023 to 2030.
This projection highlights the significant potential for growth in the Eubiotics Market over the next decade. Eubiotics, which refer to beneficial microorganisms used in animal feed, have gained considerable attention due to their ability to improve animal health and performance.
With increasing consumer awareness about the importance of animal welfare and the demand for sustainable and natural alternatives in livestock production, the eubiotics market is poised for substantial expansion. The rising adoption of eubiotics as a viable alternative to antibiotics in animal feed is a key factor driving this growth.
Furthermore, stringent regulations and restrictions on the use of antibiotics in animal feed have prompted livestock producers to seek safer and more sustainable alternatives. Eubiotics offer a promising solution by promoting gut health, enhancing nutrient absorption, and boosting immunity in animals, thereby reducing the need for antibiotics.
The market's growth is also fueled by the growing demand for high-quality animal products, such as meat, milk, and eggs, which are free from harmful residues and antibiotics. Consumers are increasingly seeking products that are produced using sustainable and ethic
06:58 AM - Dec 14, 2023 (UTC)
