April 7, 2014
Eubiotic market forecast to grow 5% per year through 2019
The market for eubiotics in feed, a group of products including probiotics, prebiotics and acids, is set to grow at more than 5% per year between now and 2019, according to a new market report by MarketsandMarkets.
The market for eubiotic products was valued at US$2.20 billion in 2013. It is estimated to grow at a healthy compound annual growth rate (CAGR) of 5.6% from 2014 to 2019, according to the report.
Europe is the largest market in 2013, followed by Asia-Pacific and North America in terms of market value.
As defined in the report, the eubiotics refer to feed additives, such as probiotics, prebiotics, essential oils, and organic acids. It can be a single component or a combination of two or more than two components.
