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(MoneyNewsWire.Net, October 16, 2017 ) According to the report North America Direct fed Microbials Market, published by Market Data Forecast, the Market was worth USD 300.86 million in 2016 and estimated to be growing at a CAGR of 6.60%, to reach USD 414.15 million by 2021.
Probiotics is another term for this class of feed additives. Probiotics or DFM have been appeared to enhance animal performance in controlled studies.
Browse market data tables and in-depth TOC of the North America Direct fed Microbials Industry to 2021 @ http://www.marketdataforecast.com/market-reports/north-america-direct-fed-microbials-market-2130/
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 North America market is analysed under various regions namely U.S and Canada. North America dominated the market in 2015 with largest share. Livestock has dependably been an important industry in the North American agriculture sector and shows a positive future outlook, because of expanding meat exports and also rising utilization inside the country. Canada has the advantage of lower feed cost because of the little biofuel industry, which permits more grain contribution to domesticated livestock breeding.
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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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