North America Eubiotics Market - Growth, Trends and Forecasts (2020 - 2025)
The North America feed antioxidants market is projected to register a CAGR of 6.2% during the forecast period 20202025. Eubiotics are expected to be the essential feed additive, which fills the vacuum created by the antibiotics ban. The capitalization of this vacuum is critical in the success of eubiotics, as antibiotics, irrespective of their health or environmental hazards, provided important functionality to the meat production processes. This impact is further strengthened by the systemic mode of action of eubiotics instead of a constricted local impact. The increasing production capabilities and commercialization of farming in various emerging countries are pushing the growth of the eubiotics market.
Key Market Trends
Industrialization of the Livestock Industry
The livestock sector has seen significant changes in the last decade. The surge in demand has been fulfilled by commercial livestock production and their associated value chains. With an increase in the mass production of meat, the trend of landless meat production facilities is catching up. Largescale meat production can lead to high water consumption with soil and water contamination. An estimated 6090% of nitrogen and phosphorous consumed by animals act as a pollutant in the form of animal waste. Enhancing digestibility of feed is one of the most important functions performed by eubiotics, which help absorb these nutrients into animal tissues, thereby reducing animal waste. By helping to improve body mass of meat animals, as well as by nominally reducing the environmental impact of livestock rearing, the usage of eubiotics is expected to increase, because of the increased industrialization of livestock rearing.
Increased Eubiotics Consumption in United States
In terms of value, the United States accounts for more than half of the North American eubiotics market. Beef, poultry, and veal are the most commonly consumed meat in the region.The ban of antibiotics by the Food and Drug Administration (FDA) in the United States in 2017 and subsequent development of research programs by local and global players are the major factors driving the growth of the market. In addition, governing bodies of the region are adopting alternative healthy initiatives for the development of highquality, efficient, and safer feed additives. The United States is a wellestablished market with the presence of strong demand for organic meat, which has compelled farmers to use natural ingredients in livestock feed. This is further expected to drive the demand for eubiotics in animal feed in the country.
The eubiotics market is concentrated in North America. Leading companies are focused on acquiring feed mills and small manufacturers are expanding the business in local, as well as foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign markets.
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