Asia Pacific Eubiotics Market Size & Outlook, 2022-2030
Asia Pacific eubiotics market, 2018-2030 (US$M)
Related Markets
Asia Pacific eubiotics market highlights
- The Asia Pacific eubiotics market generated a revenue of USD 1,144.2 million in 2022.
- The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, probiotics was the largest revenue generating product in 2022.
- Probiotics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,144.2 million |
| Market revenue in 2030 | USD 1,990.3 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Probiotics, Prebiotics, Organic Acids, Phtyogenics |
| Key market players worldwide | DSM Firmenich AG, Mitsui & Co Ltd, Lallemand, Beneo, Kemin Industries, DuPont de Nemours Inc, Novonesis AS ADR, Associated British Foods PLC, Novozymes, Evonik Industries AG, Basf SE, Cargill, Archer-Daniels Midland Co, China National Bluestar Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.3% of the global eubiotics market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 2,654.2 million by 2030.
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Eubiotics Market Scope
Eubiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific eubiotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to eubiotics market will help companies and investors design strategic landscapes.
Probiotics was the largest segment with a revenue share of 41.47% in 2022. Horizon Databook has segmented the Asia Pacific eubiotics market based on probiotics, prebiotics, organic acids, phtyogenics covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth can be attributed to the increased consumer spending, growing consumption of animal products, and flourishing animal feed industry. Increasing production and exports of feed additives in the region from key countries such as China and Japan is anticipated to contribute to the market growth.
Growing consumption of meat and meat products in the region has generated a need to focus on animal health and hygiene, which, in turn, has given rise to the demand for feed additives.
Thus, rise in the demand for feed additives is likely to boost the growth of zinc methionine chelates market in the region. Rising pork and beef consumption in China, Japan, South Korea, and India is one of the major factors driving the demand for animal feed and feed additives in the region.
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Our clientele includes a mix of eubiotics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific eubiotics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific eubiotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific eubiotics market size, by country, 2018-2030 (US$M)
Asia Pacific Eubiotics Market Outlook Share, 2022 & 2030 (US$M)
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