The new report by Expert Market Research titled, ‘Global Direct Fed Microbial Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global direct fed microbial market, assessing the market based on its segments like product types, livestock, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2021): USD 1,217.5 million
Forecast CAGR (2023-2028): 6.66%
Forecast Market Size (2027): 1,792.2 million
The increasing demand for direct fed microbial for ruminants to safeguard their health against chronic diseases and to enhance their immunomodulatory activities, in order to boost the productivity is driving the market. The increasing prevalence of various infections among the cattle, such as bovine rhinotracheitis virus among calf, is further bolstering the demand for direct fed microbial. Over the forecast period, the increase in demand for dairy products owing to the increasing population is likely to encourage dairy farmers to use direct fed microbial to take proper care of the cattle. This factor will propel the demand for lactic acid and bacillus bacteria. Geographically, North America accounts for a significant share in the market owing to the high standards for animal welfare in the region. The availability of direct fed microbial products in the region is anticipated to support the dairy farmers boost the productivity of the cattle.
Industry Definition and Major Segments
Direct fed microbial is defined as a probiotic compound which promotes the growth of the gut bacteria in living organisms in order to increase digestibility, enhance nutrition absorption, and improve immunity. Direct fed microbial are generally fed to the cattle when they are under a period of stress, have caught a disease, or are facing production challenges. Moreover, direct fed microbial also stimulate the immune system and metabolise the body.
On the basis of product type, the market can be segmented into:
Lactic Acid Bacteria
Bacillus
Others
Based on livestock, the market can be bifurcated into:
Swine
Poultry
Ruminants
Aquatic Animals
Others
The regional markets for direct fed microbial include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The key trends in the direct fed microbial market include the rising concerns pertaining to the animal welfare, coupled with the stringent government regulations aimed towards curbing the use of anti-biotics for animals. Meanwhile, the robust development of supermarkets/hypermarkets and convenience stores is anticipated to spearhead the sales of clean-labelled dairy products. This factor is further expected to accelerate the demand for direct fed microbial in dairy farms. Furthermore, the growing R&D activities by scientists and researchers are aimed towards utiising direct fed microbial in order to reduce the emission of methane by lactating cows. Methane is a global concern and growing efforts to counter its emission from dairy farms is anticipated to be a major trend in the market.
Key Market Players
The major players in the market are Bio-Vet, Adisseo, Archer-Daniels-Midland Company, Koninklijke DSM N.V., and Kemin Industries, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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