
Market overview:
Latin America Eubiotics Market was valued at USD 600.28 million in 2020 and is projected to reach USD 700.9 million by 2025, at a CAGR of 8.12% from 2020 to 2025.
Eubiotics are gaining prominence in developed nations and a rising number of countries are restricting the adoption of antibiotics. Eubiotics help improve the immune system and therefore play an important role in the immune system. They are natural digestive stimulants, creating a healthy balance of microflora in the gastrointestinal tract. For the activation of the immune response against diseases, the inclusion of dietary organic acids has a eubiotic effect on the proliferation of native lactic acid bacteria. In association with the demand for safe human nutrition and the production of environmentally friendly food products for animals and fisheries, eubiotic food supplements have received special attention in humans, as well as in food additives for animals.
Recent developments:
In May 2016, Kemin installed a new advanced quality control laboratory and 14,600 square meters of warehouse space and logistics offices on the Kemin campus in Belgium to develop and develop its business.
In May 2016, Lallemand NZ Ltd merged with Nutritech International (New Zealand). With this merger, the company has become the largest provider of feed additive and animal nutrition technologies in New Zealand. This has strengthened its position in the worldwide eubiotics market.
In January 2016, Chr. Hansen acquired Nutritional Physiology Company, a leading supplier of probiotic products for beef cattle. This acquisition has created exciting opportunities for synergies within sales, including cross-selling, supply chain enhancement and innovation. This has helped the company expand its microbial platform and expand its presence in the beef cattle segment.
In January 2016, Kemin announced a new product for the pork and poultry market, ButiPEARL Z, which provides the key nutrients needed for optimal gut health. This would help the company to strengthen its product portfolio in the animal nutrition market.
Market Drivers and Restrains:
Increased awareness of the benefits of finished animal products, accompanied by favorable government initiatives to improve food quality, is likely to drive the expansion of the Latin American eubiotics market. These products are widely used to supplement the diets of fairies and beef cows, pigs, ruminants, and the aquaculture industry. Eubiotic solutions help strengthen the immune system against bacterial or viral infections while improving digestive efficiency. Increased meat consumption due to large-scale meat production and easy availability of meat products that can stimulate demand for products. Increasing disposable income and strong growth in the processed food and beverage industry will support demand of the regional eubiotics market during the forecast period. Manufacturers invest in research and development of new products to produce specific solutions, gain brand recognition, and increase market share for eubiotics. Factors such as advances in molecular biology and gene sequencing have created new growth opportunities for industry participants.
However, the COVID-19 outbreak has affected the industry in terms of supply chain disruptions and reduced demand for meat products. Strict regulatory guidelines due to the bioaccumulation of antibiotics in the gastrointestinal tract of animals and meat products, leading to adverse effects on human and animal health, have led to a growing need for natural growth promoters. Products such as essential oils, organic acids, prebiotics, and probiotics are potential substitutes for AGPs and provide additional benefits, supporting the advancement of the Latin American eubiotics market.
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Market Segmentation:
The Latin America Eubiotics Market is segmented by type, livestock, function, form and region. On the basis of type, the market is divided into prebiotics, essential oils, probiotics and organic acids. Based on livestock, the market is divided into pigs, aquatic animals, horses, birds, poultry, ruminants, and sheep. Based on their role, the market is classified into nutrition and gut health, immunity, performance, and production. According to the form, the regional market is divided into liquid and dry.
Geographical Segmentation:
As the main cattle producer in the region, Brazil holds the majority of the Latin America Eubiotics Market. Brazilian animal production industries have experienced continuous growth due to government support and demand for various meats. Awareness of the impact of eubiotics on animal health has increased among Brazilian breeders, encouraging their consumption. The eubiotics market in Brazil is expected to grow at a rapid pace in the coming years due to increased animal production.
Key market players:
Some of the major leaders dominating the Latin America Eubiotics Market include Beneo Group, Novus International Inc., Behn Meyer Group, E. I. Du Pont De Nemours and Company, Kemin Industries Inc., Cargill Incorporated, Hansen A/S, CHR, Royal DSM, and Addcon, BASF SE.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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