The South America eubiotics market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing livestock industry and rising awareness about feed quality.
Eubiotics are the natural digestive stimulants that create healthy balance of microflora in the gastrointestinal or intestinal tract. The inclusion of dietary organic acids has a eubiotic effect on the proliferation of indigenous lactic acid bacteria, which helps in stimulating the digestion. This further helps in activation of the immune response against diseases. Therefore, the eubiotics are widely used to improve the health status, performance, and immunity in domesticated animals.
Eubiotics are good substitute to antibiotics in feedstock. Most commonly used eubiotics includes probiotics, prebiotics, organic acids, and essential oils. The efficiency of the stimulant is mainly dependent on the antimicrobial effect and ability to alter the gut flora.
The COVID-19 pandemic has affected almost every industry to a notable degree. The outbreak of the pandemic had a major impact on the eubiotics industry. The nationwide implementation of stringent lockdowns resulted into significant losses. The disruption in the food and raw material supply chain resulted into delivery delays, which further created a dramatic dropdown in many economical activities of animal feedstock and eubiotics industry.
The report on the South America eubiotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Eubiotics Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Types (Probiotics [Bifidobacteria, Lactobacilli, and Others] and Prebiotics [Galacto-oligosaccharides, Fructo-oligosaccharides, Inulin, and Others]) and Animal Types (Swine, Aquaculture, Ruminant, Poultry, and Others) |
Geographical Scope | Brazil, Mexico, Colombia, Argentina, and Rest of South America |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Kemin Industries, Inc.; Novus International; DSM; Cargill, Incorporated.; and BASF SE |
Based on types, the market is segregated into probiotics and prebiotics. The probiotics segment is further fragmented into bifidobacteria, lactobacilli, and others. The prebiotics segment is further divided into galacto-oligosaccharides, fructo-oligosaccharides, inulin, and others. The probiotics segment is projected to expand at a robust CAGR during the forecast period owing to the growing demand for eubiotics utilization in animal feed. Moreover, increasing consumption of probiotics to benefit digestion, animal performance, and the immune system is expected to boost the market segment growth in the coming years. On the other hand, the prebiotics segment is anticipated to hold a significant market share during the forecast period owing to the rising demand for better animal feed quality and improved living standards of the consumers.
On the basis of animal types, the market is fragmented into swine, aquaculture, ruminant, poultry, and others. The poultry segment is projected to hold a significant market share during the forecast period due to high demand for poultry chicken in the food industry and rising trend of poultry farming. However, the ruminant segment is anticipated to expand at a considerable pace owing to increasing demand for sustainable ruminant production and large scale consumption of high-quality products of ruminant origin.
In terms of geography, the market is classified as Brazil, Mexico, Colombia, Argentina, and Rest of South America. Brazil is anticipated to constitute a key share of the market during the projected period owing to growing animal feed industry. Moreover, the government support and high demand for various meats in the country is one of the major factors behind the rapid expansion of the market in the country. Additionally, increasing awareness about the impact of eubiotics on animal health and the subsequent rising consumption of eubiotics are expected to spur the growth of the market in the country. However, the market in Mexico is anticipated to exhibit a robust CAGR during the forecast period due to growing demand for animal feed and animal protein in the country.
Segments Covered in the Report
The South America eubiotics market has been segmented on the basis of
Types
Key players competing in the South America eubiotics market are Kemin Industries, Inc.; Novus International; DSM; Cargill, Incorporated.; and BASF SE. Companies are focusing on marketing strategies, product launches, acquisitions, and collaborations with other industry players to increase their market sales.
In November 2021, Kemin Industries, Inc. announced the construction of the US manufacturing plant at Verona, Missouri, US. The plant produced the clean-label protein ingredients for meat & poultry industries and protein-based applications.
In September 2021, DSM announced its agreement to acquire First Choice Ingredients, a leading supplier of dairy-based savory flavorings. The agreement aimed to accelerate growth in food & beverages industry. The acquisition extended the integrated solutions offering in food & beverages and provided customers with innovative taste solutions for the improved end-products.
Segments Covered in the Report
The South America eubiotics market has been segmented on the basis of
Types
Key players competing in the South America eubiotics market are Kemin Industries, Inc.; Novus International; DSM; Cargill, Incorporated.; and BASF SE. Companies are focusing on marketing strategies, product launches, acquisitions, and collaborations with other industry players to increase their market sales.
In November 2021, Kemin Industries, Inc. announced the construction of the US manufacturing plant at Verona, Missouri, US. The plant produced the clean-label protein ingredients for meat & poultry industries and protein-based applications.
In September 2021, DSM announced its agreement to acquire First Choice Ingredients, a leading supplier of dairy-based savory flavorings. The agreement aimed to accelerate growth in food & beverages industry. The acquisition extended the integrated solutions offering in food & beverages and provided customers with innovative taste solutions for the improved end-products.
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