ID: MRFR/AGR/3614-HCR | 110 Pages | Author: Varsha More | June 2023
The Global Direct Fed Microbial Market Size is expected to reach USD 1775 Million by 2030, registering a CAGR of 7.8% from 2022 to 2030.
2022 - 2030
The Direct Fed Microbials Market is projected to be worth USD 1775 million By 2030, growing at a 7.8% CAGR. Direct-fed microbials are the live microbial supplements, which play an essential role in increasing the digestibility of the feed, enhancing the nutrient absorption, aiding performance, and reducing the feed cost. The ban on antibiotics as growth promoters has created opportunities for the direct fed microbials as they are being used as an alternative for enhancing animal growth and performance. Increasing awareness about animal health among the rearers and consumers have boosted demand for precision nutrition, which has significantly boosted the demand for direct fed microbials globally. However, the variation in the regulations regarding the consumption of microbes in food and feed is a major restraining factor for the growth of the market.
The global direct fed microbials industry has been segmented based on type, livestock, form, and region.
By type, the global market has been bifurcated into lactic acid bacteria, bacillus subtilis, yeast, and others.
Based on livestock, the global market has been classified as ruminants, poultry, swine, and others.
By form, the global market has been divided into dry and liquid.
The global market has been segmented into four key regions, namely, North America, Europe, Asia-Pacific, and the rest of the world.
The direct fed microbials market in North America has further been categorized as the US, Canada, and Mexico. The market in Europe has been segmented into Germany, France, Italy, Spain, the UK, and the rest of Europe. The direct fed microbials market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
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), and Micron Bio-Systems (US) are some of the key players operating in the global direct fed microbials market.
Regional Market Summary
Global Direct Fed Microbials Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
North America is expected to dominate the market for direct fed microbials during the forecast period. Increasing awareness regarding the benefits of direct fed microbials and the growing demand for natural and organic feed are factors that are driving the growth of the market in the region. Europe is projected to register the highest CAGR during the forecast period owing to the ban imposed on antibiotics in European countries.
Global Market, by Type
Global Market, by Livestock
Global Market, by Form
Global Market, by Region
Rest of the World (RoW)
|Market Size||USD 1775 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Livestock, By Form, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||Growing demand for natural & organic feed|
|Key Market Drivers||Increasing awareness regarding the benefits of direct fed microbials|
Direct Fed Microbials Size is expected to Reach USD 1775 Million By 2030
Direct Fed Microbials Market Share is anticipated to grow at a 7.8% during the forecast period of 2022–2030.
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)
North America Region will dominate the Direct Fed Microbials Market
Key Questions Answered
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