Direct-Fed Microbials Market Analysis by Manufacturers, Type and Application
Data Bridge Market Research analyses that the direct-fed microbials market will project a compound annual growth rate (CAGR) of 7.60% during the forecast period of 2022-2029.
The Global Direct-Fed Microbials Market report brings into light key market dynamics of the sector. By utilizing few steps or a number of steps, the process of formulating Direct-Fed Microbials Market research report is commenced with the expert advice. This industry report contains a chapter on the global Direct-Fed Microbials Market and all its linked companies with their profiles, which presents valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market report makes organization armed with data and information generated by sound research methods. Direct-Fed Microbials Market document contains complete background analysis of industry, which includes an assessment of the parental market.
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Growing awareness about the benefits of direct-fed microbials for animals, increase in the prevalence of diseases and disorders and animals, rising demand for poultry meat owing to its high protein content, and increasing livestock population around the world will emerge as the major factors fostering the growth of the direct-fed microbials market. Also, surging concerns regarding food safety, shift in consumption pattern due to fast pace in lifestyle, growing rate of industrialization, surging ban on antibiotics as growth promoters and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the direct-fed microbials market.
Increase in awareness about feed quality and safety and increase in the replacement of antibiotic growth promoters with direct-fed microbials will further create lucrative and remunerative growth opportunities for the direct-fed microbials market. However, concerns regarding the availability of raw materials due to the COVID-19 pandemic is a major factor that will pose a major challenge to the growth of the direct-fed microbials market.
Also, fluctuating costs of the raw materials, dearth of awareness, discrepancy in the regulations concerning the consumption of microbes in food and feed and lack required infrastructure facilities in the underdeveloped economies will further slowdown the direct-fed microbials market growth rate. Also, supply chain disruptions and stringent regulations imposed on the approvals of feed products would hamper the direct-fed microbials market growth rate.
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