Eubiotics Industry Overview
The global eubiotics market size was valued at USD 4.6 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030. The demand for the product is anticipated to be driven by favorable regulatory scenarios banning the usage of antibiotics and growing meat consumption across the globe. The market experiences high competition with well-established and long-term operating players enjoying major market share. Companies are heavily investing in R&D activities to develop sustainable technologies for manufacturing cost-effective and affordable products. The lack of an adequate number of players in several countries specifically in the Middle East opens ample opportunities for new players to enter and gain a strong foothold in the market. Gather more insights about the market drivers, restrains and growth of the Global Eubiotics Market Eubiotics are manufactured and are distributed either through feed mills, pre-mixers, or specific distributors. The companies involved in manufacturing eubiotics either sell their products directly to their consumers or sell them to integrated feed producers. Either way, the eubiotic products reach the livestock producers. Eubiotics, such as organic acids, are manufactured by processes such as fermentation and chemical synthesis. Mostly, the chemical synthesis process is preferred for animal feed applications such as silage and feed additives. Eubiotics prices are majorly influenced by raw material availability, agro-climatic conditions, regional jurisdictions, etc. The manufacturers compete based on competitive pricing owing to the presence of price-sensitive buyers. The manufacturers are focused on process innovation and low-cost raw material procurement to gain a competitive advantage in the market. Furthermore, the fast growth of end-use applications such as feed, and pharmaceutical among others along with increasing production of eubiotics which is inclined to bridge the gap between supply and demand is further projected to moderately increase the prices over the forecast period. Eubiotic products such as prebiotics, and probiotics are an important part of the value chain of the nutraceuticals industry. Developing economies, including India and China, are well-positioned in the market, owing to technological advancement, low-cost labor, and abundant availability of raw materials due to upscale production. Key players in developing economies are, thus, creating an optimized process and a robust supply chain for cost-effective product manufacturing, thereby offering products at comparatively lower prices. Browse through Grand View Research's Animal Feed and Feed Additives Industry Research Reports.
Eubiotics Market Segmentation Grand View Research has segmented the global eubiotics market report on the basis of product, form, application, end-use, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the eubiotics market include:
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Lactoferrin Industry Overview
The global lactoferrin market size was valued at USD 219.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2028. The rising awareness amongst consumers regarding health and diet, along with the rising prevalence of skin-related health conditions, is expected to boost the demand. Lactoferrin is believed to have antiviral, antibacterial, antiparasitic, catalytic, and anti-allergic functions and properties, which is anticipated to drive the product demand from the pharmaceutical and personal care industries. According to the American Academy of Dermatology, acne is the most prevalent skin condition in the U.S., affecting over 40 to 50 million people in the country every year. The acne treatment market is also subsequently expected to witness strong growth during the forecast period. Various clinical trials have proven the ability of lactoferrin to effectively treat acne and other such skin conditions. Due to its anti-inflammatory properties, lactoferrin gets rid of the main food source for pathogens by neutralizing its contributors. According to the World Health Organization (WHO), 50% of women and 42% men reported experiencing acne during their twenties, 35% women and 20% men reported experiencing acne during their thirties, 26% women and 12% men reported experiencing acne during their forties, and 15% women and 7% men reported experiencing acne during their fifties. Gather more insights about the market drivers, restrains and growth of the Global Lactoferrin Market The growing prevalence of acne in developed nations including the U.S., Canada, and Germany, along with proven testimonials and research findings for lactoferrin-induced acne treatment is expected to drive growth avenues for product manufacturers over the forecast period. The global personal care market is a multibillion-dollar industry and is experiencing a shift from traditional brick-and-mortar stores to specialty and online stores. Women consumers of all age groups across the world prefer a cross-channel purchase approach, where they visit online portals to understand the product while purchasing from an offline retail outlet. Consumer awareness due to product marketing initiatives taken by brand owners coupled with an inclination toward organic products with minimal side effects and higher efficiency is expected to further bolster the product demand. Lactoferrin is extensively applied in reducing dermal immune response and healing wounds by stimulating connective tissue with epidermal cells by regenerating the skin. Its soothing effect on inflammations prevents the formation of larger zits and cysts. Many clinical trials have proven that lactoferrin can also be effectively used in the treatment and prevention of gastrointestinal inflammatory cases. Rising consumer awareness regarding gut health coupled with the increasing product demand to prevent irritable bowel movement and bloating and to reduce intestinal inflammation is anticipated to boost the growth of the market for lactoferrin over the forecast period. Manufacturers are focused on understanding consumer buying patterns to serve the ever-changing demands. Companies have started investing in packaging and up-gradation of ingredients depending on whether the point-of-purchase is a specialty store, club warehouse, or online shopping portal. Consumers are naturally inclined toward organic products that have a lower carbon footprint. Research studies and experiments further strengthen the benefits offered by lactoferrin in various applications that are expected to propel its demand in the forthcoming years. Lactoferrin possesses anti-inflammatory effects that could be significant in the pathophysiology of cases concerning COVID-19. In 2020, the unavailability of a cure or vaccine for the infection triggered a high demand for immunity boosters. Preventive measures for the COVID-19 infection have gained high popularity across the world, which led to the additional boost in demand for lactoferrin-based products in 2020. The demand for lactoferrin-based infant formula products experienced immense demand, especially in the Asia Pacific region after the outbreak of COVID-19. This demand was backed by the growing acceptance of these products due to their anti-viral properties. For instance, Jatenergy Ltd., an Australian company, had announced a hike in sales in dairy-based infant nutrition products, which have lactoferrin as an ingredient. The company held a recorded monthly sale of USD 5.4 million in March. The sales decreased in the second quarter of the year, however, remained high in contrast with previous year’s sales. Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.
Lactoferrin Market Segmentation Grand View Research has segmented the global lactoferrin market report based on function, application, and region:
Key Companies profiled: Some of the prominent players in the lactoferrin market include:
Order a free sample PDF of the Lactoferrin Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter |
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May 2022
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