iCrowd Newswire – Jul 14, 2020
The Global Direct Fed Microbial Market is estimated to grow at a CAGR of 7.5% during the forecast period 2019-2026. As per the detailed market study, the global direct fed microbial industry is anticipated to reach $1,772 million by the end of the year 2026.
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Direct-fed microbial are also known as probiotics that are live microorganisms and helpful to benefit gut health. These probiotics are included in animal diet to support their development and boost their immune system which helps to prevent the growth of pathogenic organisms in gut. Bifidobacterium and Lactobacillus are the major bacteria that are being used in various animal production. Probiotic organisms are widely used by producers that replace antibiotic usage and enhance the performance and health of livestock animals.
Global Direct Fed Microbial Market is driven by various growth such as increase in demand for meat & milk consumption, increase in demand for protein-based diet and growth in human population. Also, probiotics based helps to reduce the cost of animal production and boost the profitability of the animal producers. Whereas, stringent government regulations related to the usage of these microorganisms in animal diet and rise in production cost may impede the market growth over the future period. On the other hand, rise in animal health concerns and ban on usage of antibiotics in animal diet in countries such as the UK, Germany and the US are some major key factors that offer lucrative opportunities for the market players operating in the global direct fed microbial industry.
Segmentation Overview of the Global Direct Fed Microbial Market
The global direct fed microbial market is segmented on the basis of product type and livestock. These major market categories are sub-segmented into various sub-segments to study the market in detail consider various market determinants and geographical dynamics.
The Product Type Segment of the Global Direct Fed Microbial Market is Sub-Segmented into:
- Lactic Acid Bacteria
The Livestock Segment of the Global Direct Fed Microbial Market is Sub-Segmented into:
- Aquatic Animals
Competitive Insights of the Global Direct Fed Microbial Market
Novo Nordisk A/S, GlaxoSmithKline plc, Adisseo, Evonik Industries Ag, BASF SE (BASF Corporation), Kemin Industries, Inc., Novozymes A/S, E. I. Du Pont De Nemours and Company, CHR. Hansen A/S, Archer-Daniels-Midland Company, BIO-VET and Koninklijke DSM N. V are some major players included in the research study of the global direct fed microbial market.
Geographical Overview of the Global Direct Fed Microbial Market
The North America direct fed microbial market dominated the global marketplace in the year 2018 and is estimated to continue the dominance over the forecast period. The regional market dominance is attributed to easy availability of direct fed microbial products in the market. Also, growth in the demand for probiotics and growth in awareness related to maintenance of healthy lifestyle in the region are some major factors contributing towards the regional market growth. Also, the Asia-Pacific direct fed microbial market is estimated to grow at the fastest growth rate during the forecast period, due to increase in awareness related to usage of direct-fed microbial.
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Keywords: Direct Fed Microbial Market