Direct-fed Microbials (DFM): Global Market Intelligence (2023-2030)

REPORT OBJECTIVES

The report "Direct-fed Microbials: Global Market Intelligence (2023-2030)" provides market intelligence on the different market segments, based on type, species, and geography. Market size and forecast (2023-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

Direct-fed Mcrobials market is expected to grow at 10% CAGR from 2023 to 2030. The global market for direct-fed microbials (DFM) has been growing steadily in recent years. This growth is primarily driven by an increasing demand for animal-based products, a growing awareness about the benefits of using DFM in animal feed, and the rising demand for animal feed additives. DFM are live microorganisms that are added to animal feed to improve gut health, enhance nutrient absorption, and boost immunity. These microorganisms include bacteria, yeast, and other beneficial microbes that help to maintain a healthy gut microbiome in animals. The market for DFM is driven by several factors, including increasing demand for animal-based products such as meat, dairy, and eggs, a growing awareness about the benefits of using DFM in animal feed, and rising concerns about the use of antibiotics in animal production.

USA. Brazil, France, China, and Middle East are the leading countries in Direct-fed Microbials market.

Alltech Inc, USA, Bayer, Germany, Biomin Holding GmbH, Austria, Calpis Co Ltd, Japan, Chr Hansen A/S, Denmark are leading manufacturers of Direct-fed Mcrobials.

Sprout Intelligence expert team projected the global Direct-fed Microbials marketis expected to cross mark of USD 20 billion.