Global Direct Fed Microbials Dfm Market Size 2024, Forecast To 2033
6 Mar, 2024
The direct-fed microbials (DFM) market has witnessed strong growth, progressing from $1.25 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. This growth during the historical period is attributed to factors such as the shift towards natural feed additives, improvements in livestock performance, regulatory support for animal health, increased attention to gut health, and consumer demand for antibiotic-free products. Moving into the future, the market is poised for continued strong growth, reaching $1.76 billion in 2028 at a CAGR of 6.8%. The projected growth in the forecast period is associated with factors such as a preventive approach to animal health, advancements in microbiome science research, a heightened focus on sustainable agriculture, expansion in the aquaculture industry, and increased adoption in emerging markets. Major trends in the forecast period encompass the inclusion of probiotics in pet nutrition, customization of DFM solutions, strategic partnerships and collaborations, technological advancements in formulations, and the combination of probiotics and prebiotics.
Global Direct Fed Microbials DFM Market Key Driver
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 increase by 1.7% per year through 2022 Therefore, an increase in demand for meat and milk consumption is driving the market. The DFM market reached $P billion in 2023 and is anticipated to grow to $Q billion by 2024. By 2028, the market is forecasted to be valued at $R billion.
Get A Free Sample Of The Global Direct Fed Microbials DFM Market ReportGlobal Direct Fed Microbials DFM Market Segments
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
By Geography:The regions covered in the direct-fed microbials (dfm) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the direct-fed microbials market in 2023. The regions covered in the direct-fed microbials (dfm) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Direct Fed Microbials DFM Industry Players
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
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Direct Fed Microbials DFM Market Overview
Direct-fed microbials (DFMs) refers feed additives that contain live, naturally occurring microbes to enhance the health and productivity of animals. The direct fed microbials are employed in the cattle sector to increase milk output, growth performance, and feed conversion efficiency
Direct Fed Microbials DFM Global Market Report 2023 provides data on the global direct fed microbials dfm market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The direct fed microbials dfm market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.