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Fed Microbial Market Estimated to Observe Technological Advancements Further
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Global Fed Microbial Market: Segmentation & Forecast
The global fed microbial market is segmented on the basis of Form into Powders, Liquids / Gels, Tablets; on the basis of Type into Bacteria (Lactobacillus, Other Bacteria), Yeast; on the basis of Livestock into Poultry, Ruminants, Swine, Aquatic Animals, Others (Equine & Pets); and on the basis of Region into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.
Bacteria is anticipated to dominate the global market by Type, with an estimated revenue share of more than 60% during the forecast period. The Bacteria segment is expected to reach a market valuation of US$ 1,110.6 Mn by the end of 2025, with a CAGR of 5.3%. In terms of volume, the Bacteria segment is anticipated to be pegged at 79,463 Mn units by 2025 end. The Yeast segment is expected to represent absolute $ opportunity of US$ 17.3 Mn in 2017 over 2016 and an incremental $ opportunity of US$ 174.0 Mn between 2017 and 2025.
The Powder segment by Form is the largest segment in the global fed microbial market, with a market share of more than 45% during the forecast period. The Powder segment is expected to represent absolute $ opportunity of US$ 23.6 Mn in 2017 over 2016 and an incremental $ opportunity of US$ 273.8 Mn between 2017 and 2025.
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Among the Livestock segments, the Poultry segment is expected to dominate the global market with a value share in excess of 40% during the forecast period. The Poultry segment is expected to represent absolute $ opportunity of US$ 22.4 Mn in 2017 over 2016 and an incremental $ opportunity of US$ 265.5 Mn between 2017 and 2025.
The North America Region is currently the leading regional market for fed microbial, with an estimated market valuation of US$ 366.9 Mn by the end of 2017. In the coming years however, Europe and Asia Pacific are expected to drive the global fed microbial market. The Asia Pacific regional market is slated to witness relatively high growth in terms of value over the forecast period.
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