By 2033, it is anticipated that the Feed Microbial Market will grow at a value-based CAGR of 5.1%, with sales rising from US$ 1,551.9 Mn to roughly US$ 2,552.5 Mn. The global feed microbial market grew significantly over the course of the past few years, with a CAGR of 4.9%, and was estimated to be worth US$ 1,551.9 Mn in 2023. With rising consumer demand and growing knowledge of the advantages of feed microbial, the market is anticipated to expand gradually.
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The direct feed microbiological are feed additives for animals that include live beneficial microorganisms that improve the animal’s digestive environment, give it immunity, and increase its appetite. Numerous species of bacteria, including Lactobacillus, Bacillus Licheniformis, Bacillus Subtilis, and Bifidobacterium, are among the microorganisms.
The market for feed microbes is distributed across several important regions, with Europe likely to continue to hold the top spot with the highest value share over the course of the forecast period. East Asia is anticipated to experience comparatively high growth in the global feed microbiological market throughout the forecast period, despite North America having the most developed regional feed microbial market.
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Due to the region’s extensive dairy and meat farming, the South Asia and Pacific region plays a significant role in the world’s animal feed business. In South Asia & the Pacific, where feed microbes are still in their infancy, high increase is anticipated over the forecast period. The biggest regional feed market is in Europe.
Feed Microbial Market Industry Research by Category
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- Feed Microbial Market By Form : Powders, Liquids / Gels, Tablets
- Feed Microbial Market By Type : Bacteria, Lactobacillus, Other Bacteria, Yeast
- Feed Microbial Market By Livestock : Poultry, Ruminants, Swine, Aquatic, Animals, Others (Equine & Pets)
- Feed Microbial Market By Region : North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa
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Competitive Dashboard
Global fed microbial market is primarily characterized by an agricultural sector wherein large number of local, and regional operate. Multinational players play an important role in the fed microbial market due to the huge cost of production involved. The fed microbial product are manufactured and then sent to the feed industry for ingredient mixing. The international players are investing hugely in the research and development for the betterment and innovations in the fed microbial product. Consumer penetration with advertising and social media are key weapons for the market to grow and offering the products at lower costs as the consumers for these products are farmers with low income.
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- In December 2016, ADM animal nutrition announced expansion of feed plant in Columbus, Nebraska. The key features of these modern plant will be ample warehouse space, easy accessibility, along with raw material availability and proximity to our customer base
- On March 15, 2017 Lallemand Animal Nutrition broadcasted the takeover of Nova Microbial Technologies in order to accelerate Lallemand’s aim to provide natural microbial products & services for augmented animal performance and well-being.
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