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Direct-Fed Microbials (DFM) Global Market Report 2024 Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
Direct-Fed Microbials (DFM) Global Market Report
According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
Lallemand Inc.; BIOMIN Holding GmbH; Maxum Foods; ProviCo; Novozymes A/S; Archer Daniels Midland Company; Bio-Vet; Koninklijke DSM N.V.; Novus International Inc.; Kemin Industries Inc.; DuPont de Nemours Inc.; Bentoli; Chr. Hansen Holding A/S; Synbio Technologies; All tech Inc.; E. I. du Pont de Nemours and Company; STERIS plc; Danisco A/S; Asahi Group Holdings Ltd.; Kerry Group; Bayer AG; Evonik Industries AG; Lesaffre; Nutreco N.V.; Provita Eurotech Ltd.; Pure Cultures LLC; Unique Biotech; Suzhou Vdo Biotech Co. Ltd.; EpiCor; Adisseo
Direct-Fed Microbials (DFM) Market 2024 Key Insights:
• The direct-fed microbials (dfm) market will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Rising Meat And Milk Consumption To Drive Market Growth
• Product Innovations Transforming The Direct-Fed Microbial (DFM) Market
• North America was the largest region in the direct-fed microbials market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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