(I-BusinessNews.Com, February 03, 2020 ) The direct-fed microbials (DFM) market is projected to grow at a CAGR of 6.96% to reach USD 1,399.6 Million by 2022. The market is driven by factors such as increase in awareness about feed quality and safety, rising demand for manufactured animal feed, growth in demand for animal protein, changes in farming practices and technology, and replacing antibiotic growth promoters (AGPs) with direct-fed microbials. The continuous rise in the population has also resulted in an increase in the demand for food and the necessity for direct-fed microbials, to increase meat and milk production in a sustainable manner.
The consumption of direct-fed microbials is increasing significantly with various government regulations being adopted to improve animal health. The ban on the use of antibiotics as growth promoters in the European Union has created massive demand for direct-fed microbials. On the basis of type, the lactic acid bacteria segment is expected to be the fastest-growing, as these direct-fed microbials are highly effective.
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Significant growth expected in the lactic acid bacteria segment
Lactic acid bacteria are gaining high popularity in the direct-fed microbials (DFM) market across the world, the demand for lactic acid bacteria used in feed for animal health and nutrition have been contributing to the growth in the market. Lactic acid bacteria are more convenient to use, owing to their ease in application. They are the most widely used direct-fed microbials and hence, the lactic acid bacteria segment is projected to be the fastest-growing for the next six years.
The poultry segment is projected to be the fastest-growing during the forecast period.
The role of direct-fed microbials in poultry includes altering the metabolism by enhancing digestive enzyme activity, maintaining normal intestinal microflora, and reducing bacterial enzyme activity and ammonia production. They improve feed intake and digestion, neutralize enterotoxins, and stimulate the immune system. Such benefits are driving the demand for direct-microbials in the poultry sector.
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Significant growth in demand for direct-fed microbials in animal feed observed in the North American region
In 2015, North America accounted for the largest share in the direct-fed microbials (DFM) market, followed by Europe, and the Asian-Pacific region. France and Germany constituted the largest country-level markets in the European region in 2015. Increase in awareness about the benefits of direct-fed microbials, among livestock producers and a rise in population is leading to the growth of the market in this region. The direct-fed microbials market in the Asia-Pacific region is projected to grow with investments from several multinational manufacturers. The market is also projected to grow due to the increase in advanced agricultural technologies and export of key products in animal feed. Extensive R&D initiatives are also being undertaken to explore new varieties of direct-fed microbials to be used in animal feed.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N. V. (Netherlands), Novozymes (Denmark), Chr. Hansen A/S (Denmark), Kemin Industries (U.S.), BIOMIN Holding GmbH (Austria), Lallemand Inc. (Canada), Novus International, Inc. (U.S.), and Bio-vet (U.S.).
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