According to the report Global Direct fed Microbials market, published by Market Data Forecast, the Market was worth USD 940.2 million in 2016 and estimated to be growing at a CAGR of 7.1%, to reach USD 1337.02 million by 2021.
The concept of Direct Fed Microbial (DFM) involves the feeding of beneficial microbes to dairy cattle when they are under times of stress (illness, ration changes, production or environmental challenges). Probiotics is another term for this class of feed additives. Probiotics or DFM have been appeared to enhance animal performance in controlled studies.
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Lactic acid bacteria are broadly utilized for feed of poultry and ruminants, for healthy development. The functions of poultry include altering the metabolism by increasing digestive enzyme activity, keeping up ordinary intestinal microflora and reducing ammonia production and bacterial enzyme activity.
The market is driven by factors such as increase in awareness about sustain quality and safety, rising demand for fabricated animal nourish, growth in demand for animal protein, changes in farming practices and technology, and replacing anti-toxin 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. A decline in the usage of anti-infection growth promoters across the globe is driving the sales of direct-fed microbials. Factors such as, high cost of direct-feed microbials and low shelf life are prompting an ascent in the cost of production and limiting the development of the market.
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The Direct fed Microbials market is segmented on the basis of type, livestock, form and region. On the Basis of Type, market is segmented into Lactic Acid Bacteria, Bacillus subtilis, Other bacteria. Based on Lactic Acid Bacteria, market is further segmented into Lactobacilli, Bifidobacteria, Streptococcus thermophiles. Further based on Bacillus subtilis, market is segmented into Bacillus licheniformis and Other bacteria. On the basis of Livestock, market is segmented into Swine, Poultry, Ruminants, Aquatic Animals, Others. On the basis of form, market is segmented into dry form and liquid form.
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On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. Based on type, lactic acid bacteria is expected to be the quickest developing segment, as these direct fed microbials are highly viable. In terms of market share Lactic acid bacteria dominates then trailed by bacillus segment. Based on livestock, poultry segment led the market in 2015. North America dominated the market in 2015 with largest share. Europe represented the second-biggest market of the overall industry in 2015. The utilization of direct-fed microbials in animal feed is relied upon to increase at a faster pace in Europe and the Asia-Pacific regions because of the rising demand. The cultivating strategies utilized as a part of the district require healthy and strong farm animal; direct fed microbials help in adjusting the digestive system and improving the immune system of livestock. Livestock has dependably been an important industry in the North American agriculture sector and shows a positive future outlook, because of expanding meat exports and also rising utilization inside the country. Canada has the advantage of lower feed cost because of the little biofuel industry, which permits more grain contribution to domesticated livestock breeding.
Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Novozymes, Chr. Hansen Holding A/S, Kemin Industries, Inc., Biomin Holding GmbH, Lallemand, Inc., Novus International, Inc., Bio-Vet
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