The increasing demand for high-quality meat and animal protein, due to the rising standard of living across the world, has led to the requirement of more sustainable solutions for improving animal feed. Rising demand for global food production, along with the pressure of providing a continuous supply of high-quality meat and animal products, has created an alarming situation for the livestock growers that are struggling to increase the yield and to manage the animal’s health and well-being. Furthermore, the prohibition on the usage of antibiotics growth promoters and rising livestock diseases raise the urgency to resolve the concern.
Read Report Preview: https://bisresearch.com/industry-report/eubiotics-market.html
To address the escalating demand for meat products from the limited livestock farmlands and animals, established animal nutrition and supplement developers and vendors are introducing innovative solutions in the livestock farming arena. These solutions are focused on helping livestock farmers to close the supply-demand gap, by ensuring high yield, increased profit, managing the animal’s well-being, and protection of the environment.
Over the past decade, livestock producers worldwide have been utilizing eubiotics, which are the feed additives that are important in maintaining the gut health of livestock, thus benefitting the overall health and well-being of animals. Eubiotics majorly comprise probiotics, prebiotics, organic acid, and essential oils, which, when used as an animal feed, have a direct correlation in enhancing the overall health and productivity of the animals.
The macroeconomic trends listed in the preceding figure are severely impacting the demands and dynamics of the global eubiotics industry. The concerns and pressure on the animal nutrition and supplement industry factored by the increasing demand for global high-quality meat production prompt the livestock farmers to enhance animal health and immunity. In the face of these challenges, the livestock producers and the global animal nutrition and supplement industry are turning toward the advanced solutions to manage the animal’s health and well-being effectively. The introduction of eubiotics products and ingredients is recognized as an emerging phenomenon to improve animal yield and productivity.
In order to generate public awareness about their existing and new products and technologies and compete with the competitors’ product portfolio, key players operating in this market have ramped up their business expansion and contracts over recent years. This has been one of the most widely adopted strategies by the players in this market. For instance, BioGaia AB in April 2019, expands its footprint to Latin America to launch new technologies and expand its distribution network. Similarly, Kemin Industries, in September 2019, opened a new production facility in Brazil in order to increase the production site raw material capacity and finished good storage.
Obtain the Sample Report at: https://bisresearch.com/requestsample?id=983&type=download
The new product launches and development strategy have been significantly employed for the expansion into the eubiotics market. With the increasing growth in the global market, companies operating in this industry are compelled to come up with a new product in order to sustain in the intensely competitive market. In February 2020, Kemin Industries Inc., introduced a new product, BetaVia, to improve the immunity of ruminants. The products provided by the company are cost-effective as well as help the ruminants in fighting against diseases. In September 2018, Novozymes launched Balancius to maintain gastrointestinal functionality and to improve animal performance.
Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of this market. Various government and private research institutes and favorable trade policies are putting in substantial efforts to identify the benefits of eubiotics as an animal feed for augmenting global food production. The increase in the adoption of the highly nutritious and advanced animal feed solution is necessary to bridge the demand and supply gap along with attaining sustainability in the animal’s overall performance.
UPCOMING INDUSTRY TRENDS 