According to Inkwood Research, the global direct-fed microbials (DFM) market expected to garner a revenue share of $2.0 billion, growing at a CAGR of 7.27% by 2028. Also, the global market was valued at $xx billion in 2019. The base year for the market study considered is 2018, and the forecast years are from 2019 to 2028. The impact of COVID-19 on the direct-fed microbials industry has also been qualitatively and quantitatively analyzed. Direct-fed microbials are the probiotics used in animal feed. The Food and Drug Administration (FDA) defines them as products that comprise live microorganisms such as yeast, bacteria, or both.
GLOBAL DIRECT-FED MICROBIALS MARKET FORECAST 2019-2028
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According to Inkwood Research, the global direct-fed microbials (DFM) market expected to garner a revenue share of $2.0 billion, growing at a CAGR of 7.27% by 2028. Also, the global market was valued at $xx billion in 2019. The base year for the market study considered is 2018, and the forecast years are from 2019 to 2028. The impact of COVID-19 on the direct-fed microbials industry has also been qualitatively and quantitatively analyzed.
Direct-fed microbials are the probiotics used in animal feed. The Food and Drug Administration (FDA) defines them as products that comprise live microorganisms such as yeast, bacteria, or both. Thus, direct-fed microbials are used to aid the digestion of feed in various animals. Moreover, they also help maintain animal health, while subsequently increasing the profitability of the animal husbandry business.
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Key influencers of the global direct-fed microbials market are:
- Surge in consumption of meat and milk
- Diverse utility across animal production management
- Rise in animal health concerns
- The rise in awareness regarding animal nutrition, integrated with the ban of antibiotics in several geographies are encouraging the livestock and meat industries to use probiotics.
- Feed expenses comprise nearly 70% of the total cost of swine production. Fedgrozyme, manufactured by Novatech, is a probiotic that is used for improving the feed efficiency in swine. Moreover, the use of this product was found to save almost $52.79 per fattened hog. Thus, these values depict that the use of direct-fed microbials or probiotics helps minimize feed costs and improve animal production productivity.
Major restraining factors of the global direct-fed microbials market:
- Increasing cost of production
- Lack of standard regulations
- Regulatory issues are among the most significant constraints faced by the direct-fed microbials market. Besides, regulations of feed additives lack a universally agreed framework, and often vary across countries.
- For instance, several countries that export fish to the United States and Europe, including Thailand, China, and Vietnam, do not have regulations that ban antibiotic use in animals or feed. As a result, such discrepancies have hostile repercussions on the global aquafeed and fish trade.
The report on the global direct-fed microbials market includes the segmentation analysis of form, type, and livestock.
Market by Livestock:
- Poultry
- In 2019, the majority of market share was fostered by the poultry segment. It is also anticipated to grow with the fastest CAGR during the forecast period. The increased consumption of processed poultry in countries like the United States, China, India, Russia, Brazil, Japan, and Australia, is primarily attributed to the massive demand for poultry meat.
- In 2018, poultry meat consumption was the highest in Israel and the United States, with 58.5 kg/capita and 49.8 kg/capita, respectively.
- Cargill, one of the leading companies in the feed additives industry, expanded its facility in Ohio with an investment of $50 million for a new remix nutrition plant. Such increase in feed mills attest to the rising demand for feed additives, like direct-fed microbials, within the global market.
- Swine
- Ruminants
- Aquatic animals
- Others
Geographically, the global direct-fed microbials market has been segmented on the basis of four major regions, which includes:
- North America: The United States and Canada
- Europe: The United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and Rest of Europe
- Europe dominated the market in 2019, with a revenue share of 33.22%. European countries were among the first to ban the use of antibiotics in animal production. Moreover, most countries in the region prohibited antibiotics for animal production in 2006. Thus, owing to the use of direct-fed microbials, the market is well-established in Europe.
- In 2014, Germany imposed restrictions regarding the use of antibiotics on farm animals. The country also made amendments to the German Drug Act, aimed at minimizing the use of antibiotics in livestock farming. As a result, such restrictions are compelling cultivators to shift to natural feed ingredients.
- Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
- The Asia Pacific is anticipated to be the most dynamic regional market over the forecast period. The region comprises some of the world’s most populated countries, like India, Japan, and China. This is considerably increasing the demand for milk and meat production.
- In 2018, the Chinese government launched a pilot program aiming to eliminate the use of antibiotics in livestock feed by 2020. The prohibition on antibiotics is expected to bolster the growth of direct-fed microbials.
- Companies are also increasing their investment in research and development and expanding their production base in the region. For instance, in April 2019, Kemin Industries expanded its production facility in Chennai, India.
- Rest of World: Latin America, The Middle East & Africa
Eminent players in the global direct-fed microbials market are:
- Bio-Vet
- Kemin Industries Inc
- Nutraferma
- Archer Daniels Midland Company
- Cargill Inc
- Others
Key strategies adopted by companies within the global direct-fed microbials market:
In July 2020, NutriPass™ L Encapsulated Lysine was introduced in the market by Archer Daniels Midland Company (ADM). Additionally, in June, 2020, Kemin Industries & Diethelm Keller Siber Hegner (DKSH) signed a distribution agreement for Myanmar, Vietnam, and Cambodia.
Prime trends of the global direct-fed microbials market:
- Global meat production has tripled over the last four decades. Moreover, in the previous decade, its production and consumption have increased by 20%. Thus, numerous producers attempt to use diverse promoters, such as antibiotics and probiotics, for the growth and development of animals.
- The ban on using antibiotics for animal production has led to an increased demand for alternatives like direct-fed microbials.
- The rise in animal health concerns encourages the use of probiotic organisms for animal production, thereby providing lucrative opportunities to augment market growth.
Frequently Asked Questions & Answers (FAQ):
- What are direct-fed microbials?
A: Direct-fed microbials entail live bacterial strains that aid growth and development in animals. These beneficial organisms are gradually replacing antibiotics, which have been utilized over a long time.
- Which region can be termed as the key investment pocket of the global direct-fed microbials market?
A: The Asia Pacific is acknowledged as the key investment pocket for the global direct-fed microbial industry.
- What are the different types of direct-fed microbials?
A: Based on type, the market is categorized into three major segments, namely, lactic acid bacteria, and bacillus, among others.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- DEVELOPMENT OF DIRECT-FED MICROBIALS
- MARKET DEFINITION
- KEY DRIVERS
- SURGE IN CONSUMPTION OF MEAT AND MILK
- DIVERSE USE IN ANIMAL PRODUCTION MANAGEMENT
- RISE IN ANIMAL HEALTH CONCERNS
- KEY RESTRAINTS
- INCREASING COST OF PRODUCTION
- LACK OF STANDARD REGULATIONS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON DIRECT-FED MICROBIALS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- REGULATORY FRAMEWORK
- EUROPEAN UNION REGULATIONS
- US FOOD AND DRUG ADMINISTRATION REGULATION
- MARKET BY FORM
- DRY FORM
- LIQUID FORM
- MARKET BY TYPE
- LACTIC ACID BACTERIA
- BACILLUS
- OTHER BACTERIA
- MARKET BY LIVESTOCK
- POULTRY
- SWINE
- RUMINANTS
- AQUATIC ANIMALS
- OTHER LIVESTOCK
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPANY PROFILES
- ADISSEO
- ARCHER DANIELS MIDLAND COMPANY
- BENTOLI INC
- BIO-VET
- CARGILL INCORPORATED
- CHR HANSEN HOLDING A/S
- DUPONT
- KEMIN INDUSTRIES INC
- KONINKLIJKE DSM NV
- LALLEMAND INC
- NOVOZYMES
- NOVUS INTERNATIONAL INC
- NUTRAFERMA
- PROTEXIN
- PROVICO PTY LTD
- STRONG MICROBIALS INC
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – DIRECT-FED MICROBIALS
TABLE 2: REGULATORY STATUS OF DIRECT-FED MICROBIALS IN SOME COUNTRIES
TABLE 3: LIST OF FDA APPROVED DIRECT-FED MICROBIALS
TABLE 4: GLOBAL DIRECT-FED MICROBIALS MARKET, BY FORM, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: GLOBAL DIRECT-FED MICROBIALS MARKET, BY FORM, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 6: GLOBAL DRY FORM MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: GLOBAL DRY FORM MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 8: GLOBAL LIQUID FORM MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 9: GLOBAL LIQUID FORM MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 10: GLOBAL DIRECT-FED MICROBIALS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 11: GLOBAL DIRECT-FED MICROBIALS MARKET, BY TYPE, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 12: GLOBAL LACTIC ACID BACTERIA MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 13: GLOBAL LACTIC ACID BACTERIA MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 14: GLOBAL BACILLUS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 15: GLOBAL BACILLUS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 16: GLOBAL OTHER BACTERIA MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 17: GLOBAL OTHER BACTERIA MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 18: GLOBAL DIRECT-FED MICROBIALS MARKET, BY LIVESTOCK, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 19: GLOBAL DIRECT-FED MICROBIALS MARKET, BY LIVESTOCK, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 20: GLOBAL POULTRY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 21: GLOBAL POULTRY MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 22: GLOBAL SWINE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 23: GLOBAL SWINE MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 24: EFFECTS OF MICROBIAL STRAINS ON RUMINANT ANIMALS
TABLE 25: GLOBAL RUMINANTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 26: GLOBAL RUMINANTS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 27: GLOBAL AQUATIC ANIMALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 28: GLOBAL AQUATIC ANIMALS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 29: GLOBAL OTHER LIVESTOCK MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 30: GLOBAL OTHER LIVESTOCK MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 31: GLOBAL DIRECT-FED MICROBIALS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 32: GLOBAL DIRECT-FED MICROBIALS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 33: NORTH AMERICA DIRECT-FED MICROBIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 34: NORTH AMERICA DIRECT-FED MICROBIALS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 35: EUROPE DIRECT-FED MICROBIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 36: EUROPE DIRECT-FED MICROBIALS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 37: ASIA PACIFIC DIRECT-FED MICROBIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 38: ASIA PACIFIC DIRECT-FED MICROBIALS MARKET, BY COUNTRY, FORECAST YEARS, 2019-2028 (IN $ MILLION)
TABLE 39: REST OF WORLD DIRECT-FED MICROBIALS MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 40: REST OF WORLD DIRECT-FED MICROBIALS MARKET, BY REGION, FORECAST YEARS, 2019-2028 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: WORLDWIDE MEAT CONSUMPTION, BY TYPE (KG PER CAPITA)
FIGURE 2: KEY INVESTMENT INSIGHTS
FIGURE 3: PORTER’S FIVE FORCE ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: GLOBAL DIRECT-FED MICROBIALS MARKET, GROWTH POTENTIAL, BY FORM, IN 2019
FIGURE 7: GLOBAL DIRECT-FED MICROBIALS MARKET, BY DRY FORM, 2019-2028 (IN $ MILLION)
FIGURE 8: GLOBAL DIRECT-FED MICROBIALS MARKET, BY LIQUID FORM, 2019-2028 (IN $ MILLION)
FIGURE 9: GLOBAL DIRECT-FED MICROBIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019
FIGURE 10: GLOBAL DIRECT-FED MICROBIALS MARKET, BY LACTIC ACID BACTERIA, 2019-2028 (IN $ MILLION)
FIGURE 11: GLOBAL DIRECT-FED MICROBIALS MARKET, BY BACILLUS, 2019-2028 (IN $ MILLION)
FIGURE 12: GLOBAL DIRECT-FED MICROBIALS MARKET, BY OTHER BACTERIA, 2019-2028 (IN $ MILLION)
FIGURE 13: GLOBAL DIRECT-FED MICROBIALS MARKET, GROWTH POTENTIAL, BY LIVESTOCK, IN 2019
FIGURE 14: GLOBAL DIRECT-FED MICROBIALS MARKET, BY POULTRY, 2019-2028 (IN $ MILLION)
FIGURE 15: GLOBAL DIRECT-FED MICROBIALS MARKET, BY SWINE, 2019-2028 (IN $ MILLION)
FIGURE 16: GLOBAL DIRECT-FED MICROBIALS MARKET, BY RUMINANTS, 2019-2028 (IN $ MILLION)
FIGURE 17: GLOBAL DIRECT-FED MICROBIALS MARKET, BY AQUATIC ANIMALS, 2019-2028 (IN $ MILLION)
FIGURE 18: GLOBAL DIRECT-FED MICROBIALS MARKET, BY OTHER LIVESTOCK, 2019-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA DIRECT-FED MICROBIALS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 20: UNITED STATES DIRECT-FED MICROBIALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 21: CANADA DIRECT-FED MICROBIALS MARKET 2019-2028 (IN $ MILLION)
FIGURE 22: EUROPE DIRECT-FED MICROBIALS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 23: UNITED KINGDOM DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 24: GERMANY DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 25: FRANCE DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 26: ITALY DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 27: RUSSIA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 28: BELGIUM DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 29: POLAND DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 30: REST OF EUROPE DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 31: ASIA PACIFIC DIRECT-FED MICROBIALS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 32: CHINA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 33: JAPAN DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 34: INDIA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 35: SOUTH KOREA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 36: INDONESIA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 37: THAILAND DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 38: VIETNAM DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 39: AUSTRALIA & NEW ZEALAND DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 40: REST OF ASIA PACIFIC DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION
FIGURE 41: REST OF WORLD DIRECT-FED MICROBIALS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 42: LATIN AMERICA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
FIGURE 43: MIDDLE EAST & AFRICA DIRECT-FED MICROBIALS MARKET, 2019-2028 (IN $ MILLION)
- MARKET BY FORM
- DRY FORM
- LIQUID FORM
- MARKET BY TYPE
- LACTIC ACID BACTERIA
- BACILLUS
- OTHER BACTERIA
- MARKET BY LIVESTOCK
- POULTRY
- SWINE
- RUMINANTS
- AQUATIC ANIMALS
- OTHER LIVESTOCK
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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