Latest News- Eubiotics Market: Poultry is expected to lead the Type segment during 2024-2028

The Eubiotics Market is being driven by Increased focus on animal health to prevent disease outbreaks

The Eubiotics Market is expected to grow at a CAGR of 8.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2699.5 million. In the realm of animal health, preventive care is experiencing a surge in demand worldwide. This encompasses routine veterinary check-ups for vaccinations, nutrition, and dental care, as well as risk factor assessments. In May 2022, Boehringer Ingelheim, a leading pharmaceutical company, made an investment in Cowtribe, a Ghanaian last-mile veterinary delivery business. This strategic move includes both financial investment and non-financial support for Cowtribe's Social Engagement initiative. This program aims to bridge the financing gap for social businesses in underserved communities, while also utilizing technology to streamline the delivery of essential veterinary vaccines and animal health products to rural areas. This collaboration underscores Boehringer Ingelheim's commitment to improving animal health and wellbeing, particularly in regions where access to veterinary services is limited. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Others
• Product
  • Dry
  • Liquid
• Geography
  • Europe
    • Germany
  • North America
    • US
  • APAC
    • China
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased focus on animal health to prevent disease outbreaks
• Growing awareness of gut health
• Increase in production of animal feed

However, the market also witnesses some limitations, which are as follows:

• Increase in raw material prices
• Increasing popularity of vegan diets
• Stringent regulations

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Market Scope in Eubiotics Market Research Report

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Research Analysis Overview

The Eubiotics Market encompasses various aspects of gut microbiota, including its composition, dysbiosis, and interactions with the gut-brain axis and immune system. Advanced technologies like next-generation sequencing and microbiome bioinformatics facilitate research in this field. Interventions such as microbiome engineering, synthetic biology, and personalized probiotics are emerging. Applications include treating gastrointestinal disorders like antibiotic-associated diarrhea, traveler's diarrhea, food allergies, atopic dermatitis, oral hygiene issues, and gum disease. Functional foods, probiotic cocktails, and microbiome-based therapeutics are part of this market, along with precision medicine and organic production ensuring ethical sourcing.

Market Research Overview

In the realm of business, the eubiotics supplements market represents a significant sector within the broader packaged foods and meats industry. This market encompasses entities engaged in the production and distribution of eubiotics, which are substances that promote a healthy gut microbiome by modulating microbial composition and enhancing microbiome diversity. The global packaged foods and meats market, as calculated by Technavio, represents the consolidated revenue of these entities. Excluding food processing equipment manufacturers and packaged beverage producers, this market is driven by the increasing consumer awareness and demand for gut and digestive health benefits associated with eubiotics supplements. Minimally processed foods, such as vegetables, are key sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C, which contribute to a healthy gut microbiome and overall well-being.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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