Market Research Report
ASIA PACIFIC DIRECT-FED MICROBIALS MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||626302|
|Published||Content info||79 Pages
Delivery time: 1-2 business days
|ASIA PACIFIC DIRECT-FED MICROBIALS MARKET FORECAST 2018-2026|
|Published: April 16, 2018||Content info: 79 Pages||
The Asia-Pacific region has a presence of huge meat and dairy industry. Also, the region is home to some of the most populous countries in the world. Both these factors are considerably contributing to the market growth. As a result, the Asia-Pacific direct-fed microbials market is likely to grow with the highest CAGR of 8.31% over the forecast period of 2018-2026.
As per the statistics provided by FAOSTAT, it has been observed that the daily animal protein intake has increased in Asia. In order to cater to these growing needs, the use of animal probiotics is expected to rapidly increase in this region and replace the use of antibiotics. This could significantly boost the direct-fed microbials market over the forecast period. China is the largest market in the Asia-Pacific owing to the increasing number of companies engaged in the manufacturing of direct-fed microbials. Following China, India and Japan show a significant contribution to the Asia-Pacific direct-fed microbials market.
Companies like Dupont, Novozymes, Protexin, Novus International Inc, Adisseo,Chr. Hansen Holding A/S, Bentoli Inc, Bio-Vet, Archer Daniels Midland Company, Cargill Inc, Strong Microbials, Lallemand Inc, and Nutraferma are engaged in the Asia-Pacific direct-fed microbials market.