The global direct-fed microbials (DFM) market is estimated to be valued at USD 934.5 Million in 2016 and projected to reach USD 1,399.6 Million by 2022, at a CAGR of 6.96% from 2016. Direct-fed microbial-based feed plays a vital role in providing health and medicinal benefits to animals such as preclusion and cure of diseases in addition to the basic nutritional components found in feedstuff. A decline in the usage of antibiotic growth promoters across the globe is driving the sales of direct-fed microbials. In 2006, the European Union was the first to impose a ban on the use of antibiotics for promoting growth in animals. This has led Europe to become the fastest-growing market for direct-fed microbials, which are widely used as an alternative. The increasing instances of bans on antibiotics in other parts of the world have also further fueled market growth, with North America now being the largest market for direct-fed microbials.
The global direct-fed microbials (DFM) market has been segmented on the basis of type, livestock, and form. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The main objectives of the report are to define, segment, and project the size of the global market for direct-fed microbials, with respect to the above-mentioned segmentations and to provide a detailed study of key factors influencing the growth of the market, along with profiling the key players in the market along with their core competencies.
Years considered for this report are as follows:
2015 – Base Year
2016 – Estimated Year
2022 – Projected Year
Research Methodology
This report includes estimations of market sizes for value (USD million) with the base year as 2015, and forecast period from 2016 to 2022. Top-down and bottom-up approaches have been used to estimate and validate the size of the direct-fed microbials (DFM) market and to estimate the size of various other dependent submarkets. In-depth interviews have been conducted with various primary respondents to obtain & verify critical qualitative & quantitative information as well as to assess future prospects. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
Target Audience
The stakeholders for the report are as follows:
- Direct-fed microbial manufacturers
- Feed manufacturers
- Animal pharmaceutical companies
- Direct-fed microbial raw material suppliers
- Direct-fed microbial product exporters & importers
- Educational institutions
- Regulatory authorities
- Consulting firms
“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to six years for prioritizing efforts and investments.”
Scope of the Report
The direct-fed microbials (DFM) market has been segmented as follows:
On the basis of Type:
- Lactic acid bacteria
- Bacillus
- Others (Prevotella bryantii, live beneficial bacteria, and Propionibacterium)
Food&farming 