iCrowdNewswire Jan 14, 2021 10:08 AM ET
The global Direct Fed Microbials Market estimated to be valued at USD 997.6 billion in 2018 and is expected to register 7.5% CAGR during the forecast period, 2019 to 2024. The most crucial market drivers for the global direct fed microbials market growth is the essential role of DFM with regards to increasing the digestibility of the feed. DFM is also useful for aiding performance, enhancing the nutrient absorption, and reducing the feed cost. The ban on antibiotics as growth promoters is opening new avenues of growth for the DFM market. Other market drivers contributing to the market growth include increasing awareness about animal health among the rearers as well as consumers, and subsequent growing demand for precision nutrition. However, the variation in the regulations regarding the consumption of microbes in food and feed can hamper market growth.
The global Direct Fed Microbials Market segmentation encompasses form, livestock, and type. MRFR’s take on the market explores various facets of the market in-depth.
The form-based segmentation of this market covers dry and liquid. The dry form holds the major market share due to its long shelf life and many advantages in animal feed.
Regarding livestock, the market has been segmented into poultry, ruminants, swine, and others. Among these segments, the poultry segment dominates the market due to the increasing demand for poultry meat. The demand is increasing due to the nutritive value of poultry meat. Cattle segment is the second-largest market segment.
By type, this market has been segmented into bacillus subtilis, lactic acid bacteria, yeast, and others. During the forecast period, the lactic acid bacteria segment can rise as the fastest growing market segment due to its convenience of usage and high effectiveness.
Big players in the global direct fed microbials market include Alltech Inc. (USA), American Biosystems Inc. (USA), Archer Daniels Midland Company (USA), Biomin Holding GmbH (Austria), Bio-Vet (USA), Cargill Inc. (USA), Chr. Hansen Holding A/S (Denmark), DowDuPont (USA), DSM N.V. (Netherlands), The Fertrell Company (USA), Kemin Industries Inc (USA), Lallemand Inc. (Canada), Micron Bio-Systems (USA), Novus International Inc. (USA), and Novozymes (Denmark).
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Latest Industry News
Phibro Animal Health Corporation has acquired the Osprey Biotechnics Inc., owning all of its business and assets. Osprey Biotechnics Inc. is a privately held developer and marketer of innovative microbial products. 2 AUG 2019
A geographical outlining of the global direct fed microbials market covers North America, Asia Pacific, Europe, and Rest of the World (RoW).
During the forecast period, North America is expected to have a sway over global market due to the growing demand for natural and organic feed. Increasing awareness regarding the benefits of direct fed microbials is also contributing to the market growth. Presence of key market players and standards set by the government in countries like the USA regarding the food safety and quality due to the occurrences of diseases such as avian influenza and foot & mouth disease are also boosting the market. Canada and Mexico are two other important country-specific markets in this region after the USA.
During the forecast period, the market in Europe can witness significant growth due to the ban imposed on antibiotics in European countries. Rising demand for poultry and swine products in this region can boost market growth. The important country-specific markets in this region are France, Germany, Italy, Spain, and the UK.
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Asia Pacific region is the fastest-growing regional market. China is the major contributor of the meat industry and thus, requires a huge amount of the direct fed microbial. Population growth and increasing consumption of livestock in developing countries of Asia Pacific are boosting the market. India and Japan are two other major country-specific markets in this region.
The RoW segment covers Africa, the Middle East, and South America. In this region, the market can surge due to an increase in demand for protein intake from meat. In South America, the biggest country-specific market is Brazil.
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