Direct-fed Microbials Market size is estimated to reach $1566.7M by 2025 and is poised to grow at a CAGR of 7.03% during the forecast period 2020-2025. Direct-fed microbial are the live microbial supplements, which play an essential role in increasing the digestibility of the feed, enhancing the nutrient absorption, aiding performance, and reducing the feed cost. The ban on antibiotics as growth promoters has created opportunities for the direct fed microbial as they are used as an alternative for enhancing animal growth and performance. Increasing awareness about animal health among the rearers and consumers have boosted demand for precision nutrition, which has significantly boosted the demand for direct fed microbials globally. However, the variation in the regulations regarding the consumption of microbes in food and feed is a major restraining factor for the growth of the market.
- Geographically, the North America area is poised to see extraordinary development in the year 2019 owing to increase in awareness regarding the benefits of direct fed microbials and the growing demand for natural and organic feed.
- Increasing awareness about animal health among the rearers and consumers have boosted demand for precision nutrition, which has significantly boosted the demand for direct fed microbials globally.
- High cost of the microbial and low shelf life are prompting an ascent in the price of production and limiting the development of the direct-fed microbials market.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Direct-fed Microbials Market report.
- Rise in Demand
- High in cost
- In June 2020, Hansen Holding A/S entered into an agreement with UAS Laboratories LLC to acquire 100% of Wisconsin based B2B Company specializing in clinically documented probiotics.
- In September 2019, DuPont launches POWERPasta Enzymes to help food manufacturers offer products with improved appearance and at reduced cost.