Microbes are a type of microscopic living organisms which are found in nature as single-celled organisms or colony of cells. Microbes which are added orally to generate benefits in animals are called as direct-fed microbes. These direct-fed microbials plays a significant role in boosting the digestibility of the feed, improving the nutrient absorption, and minimizing the feed cost. The prohibition on the use of antibiotics as growth promoters has generated opportunities for the direct fed microbials as they are being widely used as an alternative to promote animal growth and performance.
MARKET DYNAMICS
The direct fed microbial market has witnessed a significant growth owing to factors such as growing demand for meat and milk. Moreover, rise in need for probiotics coupled with growing consciousness towards animal health provides a huge market opportunity for the key players operating in the direct fed microbial market. However, rise in cost production is projected to hamper the overall growth of the direct fed microbial market.
MARKET SCOPE
The "Global Direct Fed Microbial Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global markettrend analysis. The report aims to provide an overview of the direct fed microbial market with detailed market segmentation by type, form, livestock and geography. The global direct fed microbial market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading direct fed microbial market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global direct fed microbial market is segmented on the basis of type, form and livestock. On the basis of type, the direct fed microbial market is segmented into lactic acid bacteria, bacillus subtilis and other bacteria. On the basis of form, the direct fed microbial market is segmented into dry form and liquid form. Based on livestock, the global direct fed microbial market is divided ruminant, swine, poultry, aquatic animals and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global direct fed microbial market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The direct fed microbial market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the direct fed microbial market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the direct fed microbial market in these regions.
MARKET PLAYERS
The reports cover key developments in the direct fed microbial market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers fromDirect fed microbial market is anticipated to lucrative growth opportunities in the future with the rising demand for direct fed microbial in the global market. Below mentioned is the list of few companies engaged in the direct fed microbial market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the direct fed microbial market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- Biomin Holding GmbH
- Bio-Vet
- Chr. Hansen Holding A/S
- E.I. Dupont De Nemours and Company
- Kemin Industries, Inc.
- Koninklijke DSM N.V.
- Lallemand, Inc.
- Novozymes
- Novus International, Inc
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