Valley Cottage, NY -- (SBWIRE) -- 01/21/2019 -- Europe to emerge a prominent market for fed microbial during the forecast period
The global fed microbial market is spread across key geographies, of which Europe is expected to remain the dominant market with a high value share throughout the forecast period. While North America is the most mature regional market for fed microbial, Asia Pacific is projected to exhibit relatively high growth in the global fed microbial market during the forecast period. The APAC region contributes a great deal to the global animal feed market owing to the rearing of livestock for meat as well as dairy products in the region. Fed microbials are at a nascent stage in the Asia Pacific, and this region is projected to witness high growth during the period of forecast. Europe is the largest regional market for fed microbial, with an estimated value share of more than 40% by the end of the forecast period in 2025. Close on its heels are North America at about 29% market share and Asia Pacific at around 21% share.
Fed Microbial Market: Opportunity Analysis by Region
North America: The fed microbial market in North America is expected to represent total opportunity of US$ 166.3 Mn between 2017 and 2025.
Latin America: The Latin America fed microbial market is estimated to record total opportunity of US$ 76.0 Mn during the forecast period.
Europe: The Europe market for fed microbial is anticipated to register total opportunity of US$ 168.6 Mn during the period 2017 to 2025.
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Asia Pacific: The Asia Pacific fed microbial market will witness total opportunity of US$ 129.7 Mn between 2017 and 2025.
Middle East & Africa: The fed microbial market in the Middle East & Africa is anticipated to register total opportunity of US$ 32.0 Mn during the forecast period.
Factors boosting revenue growth of the global fed microbial market
Direct fed microbials – also called probiotics – are typically animal feed additives containing good live micro-organisms that help boost the gut environment in animals and also provide immunity besides boosting the appetite of animals. These micro-organisms include various strains of bacteria such as lactobacillus, bacillus licheniformis, bacillus subtilis, bifidobacterium and enterococcus. Of these, the lactic acid bacteria is the most widely used strain. Direct fed microbials also include yeast – the most common species used being saccharomyces cervisae, aspergillus niger and aspergillus oryzae. Direct fed microbials are also categorized as zootechnical additives meant as gut stabilizers or additives that improve the intestinal flora in animals. These compounds provide immunity to animals and are a natural defense against several disease causing microbes. Direct fed microbials are also known to improve the mortality rate in animals. These factors are boosting demand and consequently augmenting revenue growth in the global fed microbial market. Further, increasing consumer concerns pertaining to the quality of animal feed coupled with a ban on antibiotics in animal feed products is fueling the growth of the global fed microbial market.
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With rapidly increasing prices for animal feed additives and feed formulations, farmers are more concerned about the return on their investments. Globally, scientists have proved that direct fed microbials improve the rate of feed conversion and provide more meat and dairy products. This is another key factor boosting global fed microbial market revenue growth. With the European government banning the use of antibiotics for animals, direct fed microbials have found a new use as feed additives, and are a healthy substitute to antibiotics. This is also significantly driving the growth of the global fed microbial market.