Market Research Future (Food and Beverages) Direct Fed Microbial (DFM) Market Research Report | Page 3

Direct Fed Microbial (DFM) Market Research Report- Forecast till 2023 2 Market Overview The global direct-fed microbial market has witnessed continued growth during the last few years. Direct-fed microbial (DFM) is containing various microorganism and the product is specifically used for the animal growth. The microorganisms are yeast, bacteria and other microorganisms. Direct-fed microbial comes in various forms such as dry & liquid. Direct-fed microbial is used as a feed for various livestock which include poultry, swine, pork, cattle and other livestock. The growth of the direct-fed microbes is expected to be driven by various factors. Increasing awareness of animal health is the significant factors for the rising growth of global direct-fed microbial market during the forecast period of 2017-2023. Direct–fed microbial improves feed digestibility which in turn escalates the sales of direct-fed microbials both in the developed and developing economies. Rising demand for milk and meat production is positively impacting the growth of global direct-fed microbial market. Also, direct-fed microbial acts as a substitute of antibiotics which is expected to fuel the demand of the market. Also, increasing animal diseases resulted to enhance the sales of direct-fed microbial products during the forecast period. Developing economies of Asia Pacific & Latin America region offer a lucrative opportunity in the global direct-fed microbial market owing to the rising consumption of milk and meat products. Latest Industry Updates: Apr 2017 Evonik announced the launch of the new probiotic called “Gutcare PY1” in the Asia Pacific market. The product is claimed to provide sustainable nutrition in animals Jun 2016 In order to support poultry health, Bayer launched its new probiotic feed additive for poultry in Vietnam. The product is named “Baymix Grobig BS” and is identified to prevent gut infections in poultry Jan 2017 Adisseo and Novozymes announced the launch of their first probiotic for poultry. The product is named “Alterion” and is identified to be a natural alternative to antibiotic growth promoters Page | 3 Copyright © 2017 Market Research Future.