The Europe Eubiotics Market is projected to attain a CAGR of 7.5% during forecast period of 2020-2025. Eubiotics play an important role in providing medicinal and health benefits to livestock. Hence, they are used as feed additives for animals to add nutritional value to the meat. The spread of livestock diseases like Bluetongue disease in Europe has prompted the farmers to produce finest quality meat and dairy products. Eubiotics create an appropriate balance of micro flora in the gastrointestinal tract and maintain a hygienic living. The increasing concerns about safety of livestock and to prevent diseases has boosted the growth of eubiotics market in Europe.
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The ban of antibiotics as growth promoters and the enhanced living standard of consumers are fuelling the market. The rise in production of swine in the region and the preference of consumers for best quality meat has acted as drivers for the market. Regulatory framework and low awareness about the efficiency of the product are major restraints in the market. But the new technological advances can create new opportunities in the market.
Key Market Trends
Increase in Industrialized Livestock Production
The livestock sector saw significant changes with an increased demand for meat products in the market. Livestock farmers are concerned with disease outbreaks like swine flu, bird flu and other mouth and foot infections. These disease outbreaks tend to reduce the quality and safety of meat consumed. With the growing livestock market in Europe, proper mechanisms to maintain the quality of meat is necessary. This has discouraged the farmers to use antibiotics in animal feed. With less use of antibiotics, eubiotics emerged as an alternative to them. The increasing livestock population over the years on account of the demand for meat products has boosted the eubiotics market as consumer preference has shifted towards good quality products. According to World Bank, the adoption of industrialized meat production is growing six times faster than that of traditional meat production. Industrialization of livestock segment can cause environmental hazards. Usage of eubiotics is expected to reduce these harmful effects on nature also.
Europe Eubiotics Market
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