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Eubiotics Market Size
- Report ID: GMI457
- Published Date: Feb 2023
- Report Format: PDF
Eubiotics Market Size
Eubiotics Market size valued at USD 5 billion in 2022 and is slated to grow at over 6.5% CAGR from 2023 to 2032. Driven by the increasing occurrence of livestock diseases in today’s domesticated animals.
Global animal husbandry sector has been observing a worrying trend of more frequent livestock disease outbreaks in recent years. The WHO currently identifies that there are over 200 known varieties of zoonoses in the world. With such high numbers, instances of animal to human disease transfer are becoming more common. The US CDC estimates that enteric diseases associated with animals, or their environments, cause over 450,000 illnesses every year in US alone. With the recent outbreak of Avian influenza fresh in mind and access to antibiotics limited or outright banned, the livestock rearing sector is becoming more vigilant towards controlling and curbing such disease outbreaks through natural means.
Meanwhile, stiff competition among manufacturers of plant-based meat substitutes is also creating a high impetus for the adoption of superior quality animal feed.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Eubiotics Market Size in 2022: | USD 5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.9% |
| 2032 Value Projection: | USD 9.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 434 |
| Tables, Charts & Figures: | 639 |
| Segments covered: | Application, Form, Product, Livestock and Region |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Frequently Asked Questions (FAQ) :
Eubiotics Market Scope
