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.
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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.
Scope of the Direct-Fed Microbials Market Report:
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.
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Direct-Fed Microbials Market Regional Analysis/Insights
The Direct-Fed Microbials market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Direct-Fed Microbials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Direct-Fed Microbials within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Direct-Fed Microbials market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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