Eubiotics Market is Growing at a CAGR of 7.06% from 2019 to 2025 | BIS Research
The exponential utilization of advanced solutions in the eubiotics market has created opportunities for companies to adopt strategies such as collaborations, joint ventures, product launches, and developments and partnerships.
By: BIS Research
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Eubiotics is considered to be one of the significantly advanced solutions in the livestock sector since the animal feed revolution. Eubiotics products and ingredients-
Europe generated the highest revenue of $1,572.0 million in 2019. The high revenue generation was majorly credited to a favorable growth rate of adoption of eubiotics products such as probiotics, prebiotics, organic acid, and essential oils. Rapidly increasing demand for high-quality meat and animal produce propagate the use of these products. The region is a well-known producer for milk-based products. Also, the rapidly increasing disease in cattle, aquaculture, swine, and poultry, among others, increases the need for eubiotics products for healthy production.
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The competitive landscape for the eubiotics market demonstrates an inclination of companies toward the adoption of strategies such as product launch and development and partnerships, collaborations, and joint ventures. The major established players in the market are focusing on business expansion and contracts to introduce new advanced solutions further on the existing product portfolio and to increase their global footprints in countries across the world. Novus International, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands)