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Market Analysis: Global Eubiotics Market
Eubiotics market is expected to register a substantial CAGR of 7.61% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the favourable regulations from the government such as imposing of ban on antibiotics as growth promoters in feed nutritional components.
Market Definition: Global Eubiotics Market
Eubiotics are essentially feed additives that are used for acting as growth stimulators, enhancing gut functionality, nutrition retention and optimizing the health of livestock by maintaining the healthy condition of eubiosis in gastrointestinal tract of animals. This results in enhancement of performance and nutritional health in animals.
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Market Drivers:
Market Restraints:
Segmentation: Global Eubiotics Market
By Type
By Livestock
By Form
By Function
By Application
By Geography
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Key Developments in the Market:
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Competitive Analysis:
Global eubiotics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eubiotics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global eubiotics market are DSM; BASF SE; Chr. Hansen Holding A/S; Novozymes; ASAHI GROUP HOLDINGS, Ltd.; Lesaffre; Kemin Industries, Inc.; Lallemand Inc.; BEHN MEYER; NOVUS INTERNATIONAL; BENEO; Yara; Roquette Frères; FrieslandCampina; Neospark Drugs and Chemicals Private Limited; MSPrebiotics Inc. among others.
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