Market Research Report
GLOBAL DIRECT-FED MICROBIALS MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||626305|
|Published||Content info||139 Pages
Delivery time: 1-2 business days
|GLOBAL DIRECT-FED MICROBIALS MARKET FORECAST 2018-2026|
|Published: April 16, 2018||Content info: 139 Pages||
Driven by factors like rise in animal health concern and growing milk and meat consumption across the world, the global direct-fed microbials market is expected to rise with a CAGR of 7.69% over the forecast period of 2018 - 2026.
The global direct-fed microbials market can be segmented on the basis of livestock, product type and form. The livestock can further be classified into swine, poultry, ruminants, aquatic animals and other livestock animals. The product type segment of the market includes bacillus, latic acid bacteria and other bacteria. The direct-fed microbials market by form is segmented into dry form and liquid form. A ban on the use of antibiotic growth promoters has significantly boosted the market expansion. However, the increasing cost of production remains to be a major concern faced by this market.
The global direct-fed microbials market is regionally segmented into Asia-Pacific, Europe, North America and rest of the world. Among these, the largest share of the market is likely to be captured by North America during the forecast period. The region accounts for the highest milk consumption. Also, artificial growth promoters are banned in this region, giving immense scope for the direct-fed microbials market to expand in this region. In terms of CAGR, the Asia-Pacific market is likely to exhibit the fastest growth. The demand for animal pro-biotics is expected to increase rapidly in this region.
Dupont, Archer Daniels Midland Company, Novozymes, Chr. Hansen Holding A/S, Royal Dsm N.V, Lallemand Inc, Bentoli Inc, Adisseo, Cargill Inc, Protexin, Nutraferma, Provico Pty. Ltd, Novus International Inc, Strong Microbials, and Bio-Vet are some of the leading players in the direct-fed microbials market.