Direct Fed Microbials Market Scope:
The global direct fed microbial market was valued at $980 million in 2021, and is expected to reach $1,775 Million by 2030, registering a CAGR of 7.8% from 2022 to 2030. As per the direct fed microbials market research report, the global market for direct fed microbials is projected to grow swiftly. According to analysts, increased digestibility of the feed as well as the need for enhancing the nutrient absorption will drive the market growth during the forecast period 2019 to 2024.
The Direct Fed Microbials Industry research report offers a comprehensive analysis of the global direct fed microbials market and its form, livestock, region, and type segments. The variation in regulations along with complexities in rules are the elements that could influence the direct fed microbials market advancement throughout the forecast period 2019 to 2024. The direct fed microbials market research report by expert analysts is developed to assist organizations in the direct fed microbials market.
Increasing awareness about animal health is presumed to drive the direct fed microbials market growth worldwide. The global direct fed microbials market could be challenged by lack of awareness among consumers and vendors, nevertheless, organizations in the direct fed microbials market will
carry the growth rate forward. The direct fed microbials market research report presents company profiles of major companies active in the direct fed microbials market globally. Furthermore, the global direct fed microbials market report offers an all-inclusive analysis of the market collected from the direct fed microbials market’s primary and secondary sources covering both decision makers and thought leaders. The direct fed microbials market research report highlights such key areas assisting businesses operating in the direct fed microbials market to build better growth strategies.
Major Key Players:
Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Bio-Vet (US), Archer Daniels Midland Company (US), DowDuPont (US), DSM N.V. (Netherlands), Novozymes (Denmark), Novus International Inc. (US), Biomin Holding GmbH (Austria), Kemin Industries Inc (US), Cargill Inc. (US), Alltech Inc. (US), American Biosystems Inc. (US), The Fertrell Company (US), Micron Bio-Systems (US
Direct Fed Microbials Market Segmental Review:
The global direct fed microbials market has been segmented based on form, livestock, region, and type. Based on form, the market for direct fed microbials is segmented based on dry and liquid. Additionally, the market based on livestock, is segmented into poultry, swine, ruminants, and others. The global market for direct fed microbials is also covered based on type segment, which is further split into bacillus subtilis, lactic acid bacteria, yeast, and others.
Major elements such as unfavorable policies in some countries could obstruct the direct fed microbials market growth. However, according to the Direct Fed Microbials market research report, the need for reducing the feed cost along with a ban on antibiotics as growth promoters will propel growth throughout the forecast period 2019 to 2024. The direct fed microbials market is set to register growth at a high CAGR owing to these key factors. The exploration of form, livestock, region, and type segments along with regional markets has been given in the global direct fed microbials market research report. The research analysts studying the direct fed microbials market have put out market forecasts in the direct fed microbials market research report to support direct fed microbials market-based companies. The direct fed microbials market research report provides an extensive understanding of the direct fed microbials market based on the information and forecasts till 2024.
What are the main industry trends for direct fed microbials globally?
The industry is expanding because of factors such rising concerns about animal welfare, a growing demand for protein-rich animal feeding products, and the advantages of DFM for animal health.
North America, Europe, Asia Pacific, and the rest of the world regional market for Direct Fed Microbials are predominantly covered in the global direct fed microbials market research report. Country-level direct fed microbials markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level Direct Fed Microbials markets are covered in the report. In Asia-Pacific (APAC) region, the country-level direct fed microbials markets covered are India, Japan, China, and others. The direct fed microbials market research report also explores the regional market for direct fed microbials present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The direct fed microbials market research report also covers regional markets from the rest of the world alongside direct fed microbials markets of Africa and the Middle East.
Although the actual processing is still not allowed to begin, as certain loopholes in the law need to be completed first. The former law, banning any use by feed companies of biological waste, was introduced in the 1990s, but is now quite obsolete, according to the Russian Gazette, the official Russian government publication. Depending on the extent of contamination of bacteria and several other factors, the new law sub-divides waste into hazardous and moderately dangerous groups. Waste falling under the moderately hazardous category is now approved to be used in the manufacture of feed and feed additives for animals.
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