iCrowd Newswire – Sep 3, 2020
Direct-fed Microbials Market size is estimated to reach $1566.7M by 2025 and is poised to grow at a CAGR of 7.03% during the forecast period 2020-2025. Direct-fed microbial are the live microbial supplements, which play an essential role in increasing the digestibility of the feed, enhancing the nutrient absorption, aiding performance, and reducing the feed cost. The ban on antibiotics as growth promoters has created opportunities for the direct fed microbial as they are used as an alternative for enhancing animal growth and performance. Increasing awareness about animal health among the rearers and consumers have boosted demand for precision nutrition, which has significantly boosted the demand for direct fed microbials globally. However, the variation in the regulations regarding the consumption of microbes in food and feed is a major restraining factor for the growth of the market.
By Type- Segment Analysis
The global Direct-fed Microbials market based on the application has Bacillus subtills, Lactic Acid Bacteria, Yeast. In 2019, lactobacillus segment accounted for the highest revenue owing to its increased usage in the livestock diet. Furthermore, Lactobacillus species is the most widely used probiotics in the livestock diet, as it is considered safe and more beneficial as compared to the other bacterial species. In addition, the other benefits offered by the bacillus direct fed microbial include improved normal digestion and improved nutritional value of the feed as Bacillus strains produce vitamins and essential amino acids. Furthermore, other benefits include reduction in hepatic total cholesterol, plasma low-density lipoprotein cholesterol, and triglycerides, which promote better health in animals. Thus, all these factors are set to fuel the direct fed microbial market growth in forecast period (2020-2025).
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By Livestock – Segment Analysis
The global Direct-fed Microbials market based on end-use, can be further segmented into Poultry, Ruminants, Swine, and others. The poultry segment registered for highest market share of global Direct-fed Microbials market in 2019 and is set to continue for the forecast period (2020-2025). This is owing to the fact that poultry is the most consumed animal meat across the globe. Furthermore, individuals prefer poultry to other livestock animals, which boosts the market growth.
By Geography – Segment Analysis
By region, North America was leading the market with highest share in 2019. This is owing to increase in awareness regarding the benefits of direct fed microbial and growing demand for natural and organic feed are factors that are also driving the growth of the market in the region. Besides, Europe is set to register the highest CAGR during the forecast period (2020-2025) owing to the ban imposed on antibiotics in European countries.
Drivers – Direct-fed Microbials Market
Rise in Demand
The Direct-fed market is poised to grow owing to the increase in awareness about feed quality and safety, rising demand for manufactured animal feed, growth in demand for animal protein, changes in agricultural practices and technology, and replacement of growth stimulants with antibiotics with direct-fed microbials. The continuous rise in the population also increased the demand for food and the necessity of microbes that feed directly to increase the production of meat and milk in a sustainable manner.
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Challenges – Direct-fed Microbials Market
High in cost
The high cost of microbes and the low shelf life push up the price of production and limit the development of the market for direct-fed microbials. These products are intended for farmers and livestock consumers who have low incomes and cannot afford high-cost products, which is a major economic hindrance to the growth of the directly supplied microbial market.
Direct-fed Microbials Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Direct-fed Microbials Market. Key companies of this market Dupont, Archer Daniels Midland Company, Koninklijke DSM N.V, Novozymes, Chr. Hansen Holding A/S, Kemin Industries Inc, Biomin Holding GmbH, Novus International Inc, Bio-Vet, Lallemand Inc, Bayer.
In June 2020, Hansen Holding A/S entered into an agreement with UAS Laboratories LLC to acquire 100% of Wisconsin based B2B Company specializing in clinically documented probiotics.
In September 2019, DuPont launches POWERPasta Enzymes to help food manufacturers offer products with improved appearance and at reduced cost.
Geographically, the North America area is poised to see extraordinary development in the year 2019 owing to increase in awareness regarding the benefits of direct fed microbials and the growing demand for natural and organic feed.
Increasing awareness about animal health among the rearers and consumers have boosted demand for precision nutrition, which has significantly boosted the demand for direct fed microbials globally.
High cost of the microbial and low shelf life are prompting an ascent in the price of production and limiting the development of the direct-fed microbials market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Direct-fed Microbials Market report.
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