According to the report titled ‘GLOBAL Direct-Fed Microbials Market 2019-2028’, available with Market Study Report, global direct-fed microbials market is projected to register a CAGR of 6.95% throughout 2019-2028.
 

Increasing intake of animal-based food products like milk and meat is catalyzing global direct-fed microbials market growth. Moreover, escalating demand among livestock producers for solutions that promote animal will continue to positively impact the business scenario.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3552930/
 

Besides, favorable government initiatives and growing concerns regarding the use of antibiotics in animals are favoring the market development. However, high product development costs are impeding the market progression, claims the study.
 

Based on type, global direct-fed microbials market is split into dry form and liquid form. In term of bacteria, the industry is categorized into bacillus, lactic acid bacteria, and others. Considering livestock, the industry is fragmented into swine, poultry, aquatic animals, ruminants, and others.
 

On the geographical front, North America (U.S., Canada), Europe (France, Germany, U.K., Italy, Spain, Russia), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, and ASEAN countries), Latin America (Mexico, Brazil), and Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa, Turkey, South Africa) are the key contributors to the industry growth.
 

Europe is touted to capture a major portion of the overall direct-fed microbials market share during the analysis period. Ban on use of antibiotics in several European countries, high consumption pork and other livestock, along with increasing number of companion animals are supporting the regional market growth. Further, efforts undertaken by various entities for implementation of good animal health and disease control practices in countries like Italy and the United Kingdom and Italy are expected to unlock new growth opportunities in the forthcoming years.
 

Prominent players in global direct-fed microbials market space are Novus International Inc., Novozymes A/S, Lallemand Inc., Chr Hansen Holding A/S, Cargill Inc., Bio-Vet, Bentoli Inc., Bluestar Adisseo Co., DuPont de Nemours Inc., Archer-Daniels-Midland Company, Strong Microbials Inc., Kemin Industries Inc., Koninklijke DSM N.V., ProviCo Pty Ltd., Protexin, and  Nutraferma Inc.