Global Aquaculture Food Eubiotics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Aquaculture Food Eubiotics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global aquaculture food eubiotics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aquaculture food eubiotics market report has been segmented on the basis of product type, application, and region.
Aquaculture food eubotics are commonly referred as feed additives which include prebiotics, probiotics, organic acids and essential oils
Increasing demand for eubiotics in animal feed across the globe is a key factor expected to drive growth of the global aquaculture food eubiotics market over the forecast period. In addition, increasing consumer awareness regarding preventive healthcare and nutrition is another factor expected to boost growth of the target market in the near future. Furthermore, growing consumption rate of meat across various countries is another factor xpected to further fuel growth of the target market over the forecast period. Moreover, increasing demand for manufactured feed and growing preference towards animal protein are other factors expected to support growth of the global market over the forecast period.
However, lower shelf life and high cost of eubiotics are major factors expected to restrain growth of the global aquaculture food eubiotics market over the forecast period
Ongoing trend observed in the target market is increasing concerns regarding quality and safety of meat as well as established regulatory scenario which discourage usage of antibiotics and supports alternatives such as eubiotics, which in turn is expected to further support growth of the global aquaculture food eubiotics over the forecast period.
Increasing development in biotechnology industry is expected to create potential revenue opportunity for players operating in the target market over the forecast period.
Analysis by Segment
On the basis of product type segment, the organic acids segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing consumer preference towards organic food products. The probiotics for animal feed includes lactobacilli, bifidobacteria. The prebiotics include FOS, inulin, GOS, essential oils and organic acids which cover propionic acid, fumaric acid, lactic acid, formic acid, and other organic acids.
Analysis by Region
The market in Europe is expected to dominate the target market in terms of revenue over the forecast period, owing to stringent government regulations banned the usage of antibiotics as growth promoters and growing awareness regarding usage of eubiotics such as probiotics for animal feed applications across various countries in this region. The market in Asia Pacific is expected to register significant growth over the forecast period, owing to increasing consumer preference towards meat consumption in various countries in this region. The market in North America is expected to account for significant growth over the forecast period, owing to increasing consumer awareness regarding the quality of meat and consumption of meat across various countries in this region.
Global aquaculture food eubiotics market segmentation:
Segmentation by product type:
- Organic Acids
- Essential Oils
Segmentation by application:
- Juvenile Animals
- Adult Animals
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Kemin Industries, Inc.
- Shandong Baolai-Leelai Bio-Industrial Group
- Behn Meyer Chemical (S) Pte Ltd.
- Novus International, Inc.
- I. du Pont de Nemours and Company
- Qingdao Vland Biotech Group Co, Ltd.
- Hansen Holding A/S
- BENEO-Orafti SA
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