Polaris Market Size Share Estimation, Industry Demand, Growth Strategies, Latest Trend Analysis, Top Players, Revenue Expectation, Forthcoming Development Status and Forecast 2022- 2031
An extensive study offering forecast assessment on Polaris Market has recently been released by Kenneth research, which is a platform containing market research reports on FMCG, food and beverages. Kenneth Research aims to provide quality reports to its customers and help company investors planning for expansion of their business to take key decisions and form strategies by providing insights with the latest market trends and scope that helps them gain an extra edge over competitiveness in the marketplace.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Polaris Market products.
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.Eubiotics or specific organic acids such as essential oil compounds, benzoic acid, nucleotides and probiotics are either used as single products or two or more eubiotics can be combined to achieve higher response. Prebiotics are specified microorganism that positively affects the host by improving the balance of pathogenic to beneficial bacteria in the gut.
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Prebiotics are non-digestible oligosaccharides serving as substrate for probiotics and/or competing with pathogens that regulate gut cell adhesion. Direct acting gut flora modulators such as essential are compounds directly modulating the microflora via growth inhibition. The product categories with specific functionality are essential components animal feed. Increasing focus on feed for higher productivity of farm animals has driven eubiotics demand.
Eubiotics such as organic acids are currently used widely in weaning piglets during the transition from suckling milk to consuming solid feed to aid in acidifying the feed to prevent bacterial growth and improve digestion of feed ingredients. Also, the food industry uses benzoic acid as preservatives. These advantages of these products are essential factors that have contributed to its increasing market demand.
Several research projects have been undertaken at the Pig research Centre of the Danish Agriculture and Food Council on eubiotics effects on performance of animals. One of such projects resulted that supplementation of 0.5% of benzoic acid had the same effect as 1% benzoic acid. The antimicrobial properties of the active ingredients of essential oils are significant.
Two different commercial blends of essential oils and essential oil compounds could alleviate the growth depression induced by a challenge with Clostridium perfringens in broiler chickens. Piperin an, an essential oil compound stimulates the production of digestive enzymes. These characteristics of these products have been essential in attracting feed processors for its utilization.
Key Findings from the study suggest that the largest share of the eubiotics market in 2017 was of the Europe region. Europe was the first region to put a ban on use of antibiotics as growth promoters. Increasing concerns of animal safety and nutrition that eventually lead to components of processed meat for humans are the major concerns for the region’s ban on antibiotics. This ban created remarkable opportunities for the eubiotics which are the direct substitutes.
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Some of the leading industry participants include BASF SE, Cargil, Koninklijke DSM N.V., Novozymes, Kemin Industries, Inc., Addcon, Novus International, Inc., Lallemand, Inc., Beneo Group and Chr. Hansen Holding A/S.
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