The Direct-Fed Microbials (DFM) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Direct-Fed Microbials (DFM) Global Market Report 2024, The direct-fed microbials (dfm) market size has grown strongly in recent years. It will grow from $1.25 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to shift towards natural feed additives, performance improvement in livestock, regulatory support for animal health, increased focus on gut health, consumer demand for antibiotic-free products.
The direct-fed microbials (dfm) market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to preventive approach to animal health, research in microbiome science, focus on sustainable agriculture, expansion in aquaculture industry, emerging markets adoption. Major trends in the forecast period include probiotics in pet nutrition, customization of dfm solutions, strategic partnerships and collaborations, technological advancements in formulations, probiotics and prebiotics combination.
An increase in demand for meat and milk consumption is expected to propel the growth of the direct-fed microbial (DFM)market in the coming future. Meat is described as the flesh of animals (including fish and birds) used as food that can be included in a nutritious diet. Milk is a white liquid meal produced by mammals’ mammary glands. The increase in meat and milk consumption in developing countries is due to population growth, urbanization, and income growth. The direct fed microbials are used to increase milk output and growth performance of animals which can meet the growing demand for meat and milk consumption. For instance, according to the United Nations Food and Agricultural Organization (FAO), a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, the global meat consumption is expected to increasing by 1.7% per year through 2022 Therefore, an increase in demand for meat and milk consumption is driving the market.
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The direct-fed microbials (dfm) market covered in this report is segmented –
1) By Type: Bacillus Subtilis, Lactic Acid Bacteria, Bifidobacteria, Streptococcus Thermophilus, Other Bacteria
2) By Form: Liquid Form, Dry Form
3) By Livestock: Poultry, Swine, Ruminants, Aquatic Animals, Other Livestock
Product innovation is the key trend gaining popularity in the direct-fed microbial (DFM) market. Major companies operating in the direct-fed microbial (DFM) market are focused on developing products to strengthen their position in the market. For instance, in November 2022, ADM, a US-based animal nutrition company, launched NutriPass L, an encapsulated lysine supplement that is rumen-stable and intestinally available to cows. NutriPass L gives producers an edge by improving the return on investment of nutrients fed. Through effective encapsulation, NutriPass L supplies a consistent and stable supply of metabolizable lysine for lactating cows and growing cattle.
The direct-fed microbials (dfm) market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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