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Global Direct Fed Microbial Market to Grow at a CAGR of 6.66% During 2022-2027, Driven by Ongoing Research and Developments (R&D)

According to a new report by EMR titled, ‘Global Direct Fed Microbial Market Report and Forecast 2022-2027’, the market attained a value of about USD 1,217.5 million in 2021. The industry is further estimated to grow at a CAGR of 6.66% in the forecast period of 2022-2027 to reach a value of nearly USD 1,792.2 million by 2027.

The global market for direct fed microbials is being driven by the active use of DFMs to mitigate pathogens and enhance production in livestock. Originally, DFMs were used primarily in young ruminants to accelerate the rate of nutrition absorption, improve digestion, and promote gut health. However, with research and development (R&D), further advancements led to the development of more sophisticated combinations of DFM that are targeted at improving fibre digestion in mature cattle. This has been augmenting the growth of the market. Indigestion of DFMs have resulted in improvements in milk yield, growth, and feed efficiency of the cattle. This has had a direct impact on the profitability of the farmers, and hence a positive influence on the market growth. Other factors such as rising awareness about feed quality and safety, growing demand for animal protein, changes in farming practices, and adoption of advanced technology are collectively stimulating the market growth of direct fed microbials.

Bio-Vet (OTCMKTS: PHMB), a leading player in the global market for direct fed microbial, provides DFM products like Generator ULTRA and ELITE that contain live microorganisms such as bacteria and yeast, which help in boosting the digestive tract of the livestock. DFMs may help inhibit pathogens, aid digestion, and support immune function, appetite, and feed utilisation. Ongoing innovation by industry players to introduce more such products are expected to boost the growth of the market over the forecast period.

Market Analysis by Product Type, Livestock, and Region:

  • Based on product type, the market can be divided into lactic acid bacteria and bacillus, among others.
  • The market, based on livestock, can be categorised into swine, poultry, ruminants, and aquatic animals, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the declining availability of antibiotic growth promoters due to rising concerns regarding animal welfare.
  • The growing demand for animal food produce like milk, eggs, and meat owing to rising demand for protein rich diet is invigorating the market growth.
  • Direct fed microbials boost animal productivity, improve immunity, and enhance digestion, thereby augmenting its preferability and positively influencing the growth of the market.
  • Robust research and development (R&D) aimed at evaluating the potential benefits of direct fed microbial on stressed calves is augmenting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for direct fed microbial for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for product types, livestock, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global direct fed microbial market are Bio-Vet, Adisseo, Archer-Daniels-Midland Company, Koninklijke DSM N.V., and Kemin Industries, Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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