Middle east and Africa Direct fed Microbials Market Growth Factors 2021
The Middle east and Africa Direct fed Microbials Market was worth USD 84.62 million in 2016 and estimated to be growing at a CAGR of 5.76%, to reach USD 112.01 million by 2021.
(EMAILWIRE.COM, December 14, 2017 ) Direct fed microbial based feed plays a crucial role in providing medicinal and health benefits to livestock, for example, prevention and cure of diseases. Lactic acid bacteria are broadly utilized for feed of poultry and ruminants, for healthy development.
The market is driven by factors such as increase in awareness about sustain quality and safety, rising demand for fabricated animal nourish, growth in demand for animal protein, changes in farming practices and technology, and replacing anti-toxin growth promoters (AGPs) with direct-fed microbials. The continuous rise in the population has also resulted in an increase in the demand for food and the necessity for direct-fed microbials, to increase meat and milk production in a sustainable manner. A decline in the usage of anti-infection growth promoters across the globe is driving the sales of direct-fed microbials. Factors such as, high cost of direct-feed microbials and low shelf life are prompting an ascent in the cost of production and limiting the development of the market.
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The Direct fed Microbials market is segmented on the basis of type, livestock, form and region. On the Basis of Type, market is segmented into Lactic Acid Bacteria, Bacillus subtilis, Other bacteria. Based on Lactic Acid Bacteria, market is further segmented into Lactobacilli, Bifidobacteria, Streptococcus thermophiles. Further based on Bacillus subtilis, market is segmented into Bacillus licheniformis and Other bacteria. On the basis of Livestock, market is segmented into Swine, Poultry, Ruminants, Aquatic Animals, Others.
On the basis of form, market is segmented into dry form and liquid form. On the basis of geography, the Middle east and Africa market is analysed under various regions namely middle east and Africa. Based on type, lactic acid bacteria is expected to be the quickest developing segment, as these direct fed microbials are highly viable. In terms of market share Lactic acid bacteria dominates then trailed by bacillus segment. Based on livestock, poultry segment led the market in 2015.
Major players in the market are Archer Daniels Midland Company, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Novozymes, Chr. Hansen Holding A/S, Kemin Industries, Inc., Biomin Holding GmbH, Lallemand, Inc., Novus International, Inc., Bio-Vet
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The market is driven by factors such as increase in awareness about sustain quality and safety, rising demand for fabricated animal nourish, growth in demand for animal protein, changes in farming practices and technology, and replacing anti-toxin growth promoters (AGPs) with direct-fed microbials. The continuous rise in the population has also resulted in an increase in the demand for food and the necessity for direct-fed microbials, to increase meat and milk production in a sustainable manner. A decline in the usage of anti-infection growth promoters across the globe is driving the sales of direct-fed microbials. Factors such as, high cost of direct-feed microbials and low shelf life are prompting an ascent in the cost of production and limiting the development of the market.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa--america-direct-fed-microbials-market-2134/request-sample
The Direct fed Microbials market is segmented on the basis of type, livestock, form and region. On the Basis of Type, market is segmented into Lactic Acid Bacteria, Bacillus subtilis, Other bacteria. Based on Lactic Acid Bacteria, market is further segmented into Lactobacilli, Bifidobacteria, Streptococcus thermophiles. Further based on Bacillus subtilis, market is segmented into Bacillus licheniformis and Other bacteria. On the basis of Livestock, market is segmented into Swine, Poultry, Ruminants, Aquatic Animals, Others.
On the basis of form, market is segmented into dry form and liquid form. On the basis of geography, the Middle east and Africa market is analysed under various regions namely middle east and Africa. Based on type, lactic acid bacteria is expected to be the quickest developing segment, as these direct fed microbials are highly viable. In terms of market share Lactic acid bacteria dominates then trailed by bacillus segment. Based on livestock, poultry segment led the market in 2015.
Major players in the market are Archer Daniels Midland Company, E.I. Dupont De Nemours and Company, Koninklijke DSM N.V., Novozymes, Chr. Hansen Holding A/S, Kemin Industries, Inc., Biomin Holding GmbH, Lallemand, Inc., Novus International, Inc., Bio-Vet
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results