Global Direct-Fed Microbials Market, By Type (Lactic Acid Bacteria, Bacillus Subtilis, Yeast, Others), Form (Dry, Liquid), Livestock (Ruminants, Poultry, Swine, Other), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Direct-Fed Microbials Market
Data Bridge Market Research analyses that the direct-fed microbials market will project a compound annual growth rate (CAGR) of 7.60% during the forecast period of 2022-2029. Growing rate of population especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging demand for treated animal feed stuff due to large population consuming carnivorous diet and increasing industry competitiveness are the major factors attributable to the growth of direct-fed microbials market.
Direct-fed microbials are the ingredients that are used to provide microbial balance to the digestive tract. Direct-fed microbials help to improve the digestion and digestion related infections. Direct-fed microbials are used to provide many nutritional, health and medicinal benefits to animals.
Growing awareness about the benefits of direct-fed microbials for animals, increase in the prevalence of diseases and disorders and animals, rising demand for poultry meat owing to its high protein content, and increasing livestock population around the world will emerge as the major factors fostering the growth of the direct-fed microbials market. Also, surging concerns regarding food safety, shift in consumption pattern due to fast pace in lifestyle, growing rate of industrialization, surging ban on antibiotics as growth promoters and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the direct-fed microbials market. Increase in awareness about feed quality and safety and increase in the replacement of antibiotic growth promoters with direct-fed microbials will further create lucrative and remunerative growth opportunities for the direct-fed microbials market. However, concerns regarding the availability of raw materials due to the COVID-19 pandemic is a major factor that will pose a major challenge to the growth of the direct-fed microbials market. Also, fluctuating costs of the raw materials, dearth of awareness, discrepancy in the regulations concerning the consumption of microbes in food and feed and lack required infrastructure facilities in the underdeveloped economies will further slowdown the direct-fed microbials market growth rate. Also, supply chain disruptions and stringent regulations imposed on the approvals of feed products would hamper the direct-fed microbials market growth rate.
This direct-fed microbials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on direct-fed microbials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Direct-Fed Microbials Market Scope and Market Size
The global direct-fed microbials market is segmented on the basis of type, form and livestock. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the direct-fed microbials market is segmented into lactic acid bacteria, bacillus subtilis, yeast and others. The lactic acid bacteria is sub-segmented into lactobacilli, bifidobacteria and streptococcus thermophilus.
- Based on the form, the direct-fed microbials market is segmented into dry and liquid.
- The direct-fed microbials market is also segmented on the basis of livestock. The livestock segment is segmented into ruminants, poultry, swine and other.
Direct-Fed Microbials Market Country Level Analysis
The global direct-fed microbials market is analyses and market size, volume information is provided by country by type, form and livestock as referenced above.
The countries covered in the direct-fed microbials market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the direct-fed microbials market and will continue to flourish its dominance during the forecast period owing to the rise in awareness toward maintenance of healthy lifestyle in the region and easy availability of direct fed microbial products. Asia-Pacific will score the highest growth rate owing to the rising research and development proficiencies, increasing demand for especially in India and China, increase in awareness regarding the use of direct-fed microbial, increase in government initiatives to promote the growth of agricultural industry, rising product innovations and growing personal disposable income.
The country section of the direct-fed microbials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Direct-Fed Microbials Market Share Analysis
The global direct-fed microbials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to direct-fed microbials market.
Some of the major players operating in the direct-fed microbials market are Chr. Hansen Holding A/S, Lallemand Inc., BASF SE, Bio-Vet, ADM, Danisco, Novozymes A/S, Dow, DuPont, DSM, Novus International, Biomin Holding GmbH, Kemin Industries, Inc., Bayer AG, Cargill, Incorporated, Alltech., American Biosystems, Inc., The Fertrell Company, calpis co.,ltd., and Micron Bio-Systems among others.
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