Government Initiatives to Push the Global Direct-fed Microbials Market to Garner $2.00 billion by 2028

Government Initiatives to Push the Global Direct-fed Microbials Market to Garner $2.00 billion by 2028

“Global Direct-fed Microbials Market”
According to an analysis by Triton Market Research, the global direct-fed microbials market, which generated $1.09 billion in the year 2019, will display a CAGR of 6.95% by 2028.

A study by Triton Market Research with the title ‘Global Direct-fed Microbials Market,’ covers the Global Analysis and Forecast for 2019-2028 by Type (Dry Form, Liquid Form), by Bacteria (Lactic Acid Bacteria, Bacillus, Other Bacteria), by Livestock (Aquatic Animals, Ruminants, Poultry, Swine, Other Livestock) and by Geographical Region (Middle East and Africa, Latin America, Europe, Asia-Pacific, North America).

Direct-fed microbials are supplements that contain naturally occurring or viable organisms that help in maintaining the microbial balance in the digestive tract of the animals. It aids in improved digestion and prevention of intestinal problems.

 

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According to the report, the global direct-fed microbials market will be valued at $2.00 billion by the year 2028. This market is likely to display a CAGR of 6.95% over the projected period between 2019 and 2028.

The exponential growth in the human population is likely to increase the consumption of animal products like meat and milk, thereby creating a demand for the direct-fed microbials market. Many producers are trying to use different growth promoters, including antibiotics and probiotics, for enhancing the growth and development of animals. These growth promoters help cater to the growing demand for meat and milk across the globe. These factors are likely to help market growth. However, the high cost of production of DFMs is hampering this growth.

The direct-fed microbials market is segmented into type, bacteria and livestock. The first segment, type, is bifurcated into dry form and liquid form. The second segment, bacteria, trifurcates into lactic acid bacteria, bacillus and other bacteria. The last segment, livestock, includes aquatic animals, ruminants, poultry, swine and other livestock.

Considering the geographical landscape, the Asia-Pacific is estimated to show the fastest growth in the direct-fed microbials market. There is an increase in the outbreak of animal diseases in countries like South Korea and Japan. For instance, in 2017, following the spread of foot-and-mouth disease in South Korea, the Ministry of Agriculture, Food, and Rural Affairs declared a travel ban on all pigs and cows countrywide. A similar outbreak happened in the country in 2018. With the rising number of disease outbreaks in the region, animal healthcare service providers have become more vigilant towards the health of farm animals. Therefore, there is an increasing demand for direct-fed microbials in these countries. Moreover, the region is also witnessing high demand for milk due to explosive population growth. All these factors are estimated to push the growth of the direct-fed microbials in the Asia-Pacific.

Archer Daniels Midland Company, Protexin, Koninklijke DSM NV, Nutraferma, Cargill Incorporated, DuPont, Novus International Inc, Bio-Vet, Strong Microbials Inc, Kemin Industries Inc, ProviCo Pty Ltd, Novozymes, Bentoli Inc, Adisseo, Lallemand Inc and Chr. Hansen Holding A/S are some of the leading companies in the direct-fed microbials market.

 

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Question & Answer: Direct-fed Microbials Market

Question 1: Which factor is creating demand for the direct-fed microbials market?

Answer: The exponential growth in the human population is likely to increase the consumption of animal products like meat and milk, thereby creating a demand for the direct-fed microbials market. Many producers are trying to use different growth promoters, including antibiotics and probiotics, for enhancing the growth and development of animals. These growth promoters help cater to the growing demand for meat and milk across the globe.  

Question 2: What factor is challenging the growth of the global direct-fed microbials market?

Answer: The high cost of production of DFMs is challenging the growth of the global direct-fed microbials market.

Question 3: How is Asia-Pacific influencing the direct-fed microbials market outlook?

Answer: Considering the geographical landscape, the Asia-Pacific is estimated to show the fastest growth in the direct-fed microbials market. There is an increase in the outbreak of animal diseases in countries like South Korea and Japan. For instance, in 2017, following the spread of foot-and-mouth disease in South Korea, the Ministry of Agriculture, Food, and Rural Affairs declared a travel ban on all pigs and cows countrywide. A similar outbreak happened in the country in 2018.

With the rising number of disease outbreaks in the region, animal healthcare service providers have become more vigilant towards the health of farm animals. Therefore, there is an increasing demand for direct-fed microbials in these countries. Moreover, the region is also witnessing high demand for milk due to explosive population growth. All these factors are estimated to push the growth of the direct-fed microbials in the Asia-Pacific.

Question 4: Which are some of the leading companies mentioned in the direct-fed microbials market report?

Answer: Archer Daniels Midland Company, Protexin, Koninklijke DSM NV, Nutraferma, Cargill Incorporated, DuPont, Novus International Inc, Bio-Vet, Strong Microbials Inc, Kemin Industries Inc, ProviCo Pty Ltd, Novozymes, Bentoli Inc, Adisseo, Lallemand Inc and Chr. Hansen Holding A/S are some of the leading companies in the direct-fed microbials market.

 

Related Report:

Global Animal Nutrition Market  

The Global Animal Nutrition Market is predicted to generate a revenue of $18.05 billion by 2028. The market is progressing with a CAGR of 5.18% in the forecasted years 2019-2028.

Animal-based products, like eggs, meat, and milk, are consumed on a large scale. The growing consumer disposable income is a major factor driving the consumption of animal-based products. Due to the growing demand for these products, animal breeders are focused on providing better quality and quantity of livestock. Animal nutrition products are dietary supplements that help in producing healthy livestock by providing essential nutrients to animals. Industries like automobile, fashion and furniture prefer raw materials from breeders using nutrition chemicals for getting better quality products. This is likely to aid the global market growth.

The continuous population explosion and the rising food scarcity are expected to boost the demand for meat, milk and other animal-based food products. In addition, the growing demand for nutrient-rich meat among consumers has led to the growth in livestock production. The adoption of animal nutrition chemicals as feed additives provides various advantages like better meat quality, quality milk output, reduction in diseases and healthy fertility. These factors are expected to push the growth of the animal nutrition market in the upcoming years.

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