The global direct fed microbial market was valued at $980 million in 2018 and is expected to reach $1,772 million by 2026, registering a CAGR of 7.5% from 2019 to 2026. Major factor that drives the growth of the global direct-fed microbial market include increase in demand for meat & milk consumption. Surge in human population and increase in demand for proteinous diet further boost the market growth. In addition, probiotics aids nutrient absorption by breaking down the complex compounds, which, in turn, helps to reduce the cost of animal production and increases the profitability of the animal producers. However, implementation of stringent regulations regarding the vigorous usage of these microorganisms in animal diet and increase in cost of production are the major factors hampering the market growth.
On the contrary, ban on the usage of antibiotics in animal diet in the developed nations such the U.S., Germany, and the UK and rise in animal health concerns are some of the major factors expected to create lucrative opportunities in the near future. Direct-fed microbial or probiotics are live microorganisms that are beneficial to the gut health. These probiotics are included in the diet of animals to promote their growth and development. In addition, they help to boost the immune system of animals, and thus prevent the growth of pathogenic organisms in the gut.
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The use of probiotic organisms is replacing antibiotic usage to enhance the health and performance of livestock animals. The administration of these products plays an important role to enhance cost reduction, feed digestibility, and nutrient absorption, which, in turn, promotes the growth of animals. In addition, various kinds of bacteria such as Lactobacillus and Bifidobacterium are being used in many animal producers.The global direct-fed microbial market is segmented into product type, livestock, and region. By product type, the market is categorized into lactic acid bacteria, Bacillus, and other organisms. Depending on livestock, the market is classified into swine, poultry, ruminants, aquatic animals, and other livestock animals.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current global direct fed microbial market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessments.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
– List of key players profiled in the report:
– Koninklijke DSM N. V
– BIO-VET
– Archer-Daniels-Midland Company
– CHR. Hansen A/S
– E. I. Du Pont De Nemours And Company
– Novozymes A/S
– Kemin Industries, Inc.
– BASF SE (BASF Corporation)
– Evonik Industries Ag
– Adisseo
– GlaxoSmithKline plc
– Novo Nordisk A/S
Key Market Segments
– By Product Type
o Lactic Acid Bacteria
o Bacillus
o Others
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– By Livestock
o Swine
o Poultry
o Ruminants
o Aquatic Animals
o Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? Japan
? China
? India
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Reasons to Buy This Report:
- This file will help the peruses with appreciation the opposition interior the ventures and structures for the serious local weather to improve the feasible benefit. The document moreover facilities round the cutthroat scene of the market, and provides exhaustively the piece of the pie, industry positioning, contender organic system, market execution, new object advancement, recreation circumstance, development, and securing.
- And so forth of the fundamental players, which assists the peruses with distinguishing the indispensable contenders and profoundly know the opposition instance of the market.
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- This document will aid companions with grasp contenders higher and collect experiences to reinforce their scenario in their organizations. The serious scene region contains the piece of the pie and rank (in extent and worth), contender environment, new object improvement, development, and obtaining.
- This document stays refreshed with novel innovation mix, highlights, and the latest developments on the lookout.
- This file assists companions with grasp the Coronavirus and Russia-Ukraine War Impact on the Telemedicine Administration Frameworks industry.
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