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NORTH AMERICA DIRECT-FED MICROBIALS MARKET FORECAST 2019-2028

NORTH AMERICA DIRECT-FED MICROBIALS MARKET FORECAST 2019-2028

  • August 2020
  • 158 pages
  • ID: 5377436
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The North America direct-fed microbials market is evaluated to harbor a CAGR of 6.82%, during the forecast period of 2019 to 2028. The market growth is attributed to the increased awareness regarding the advantages of using probiotic microbial strains, which has, in turn, resulted in an increased demand for direct-fed microbials.

MARKET INSIGHTS
The North America direct-fed microbials market growth is assessed by analyzing the United States and Canada.The animal feed industry’s quest for alternatives such as enzymes, direct-fed microbials, prebiotics, and essential oils, to ensure that the feed is antibiotic-free, considerably drives Canada’s market growth.

According to the International Animal Health Journal, the country’s animal pharmaceutical industry represents more than 2% of the global industry.Moreover, with the sector being the world’s second-largest landmass with a small fraction of the human population, it also accounts for a higher number of farm animals in the country.

As a result, the lucrative growth of the direct-fed microbials market in Canada is primarily accredited to the high animal protein consumption, throughout the region.For instance, in 2019, Canadians consumed over 77 pounds of white meat per capita.

Similarly, the consumption of chicken has also increased by nearly 20 pounds per capita, since 1998.
In the United States, a wide range of definitive measures is being incorporated by government animal care organizations that consistently aim for holistic improvements and developments. Likewise, the Animal Health Emergency Management (AHEM) was launched to assure food security and focus on factors linked with animal products, like, safety, quality, and affordability.

COMPETITIVE INSIGHTS
Protexin, Nutraferma, Adisseo, Archer Daniels Midland Company, Cargill Incorporated, are among the key players operating in the market.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ADISSEO
2. ARCHER DANIELS MIDLAND COMPANY
3. BENTOLI INC
4. BIO-VET
5. CARGILL INCORPORATED
6. CHR HANSEN HOLDING A/S
7. DUPONT
8. KEMIN INDUSTRIES INC
9. KONINKLIJKE DSM NV
10. LALLEMAND INC
11. NOVOZYMES
12. NOVUS INTERNATIONAL INC
13. NUTRAFERMA
14. PROTEXIN
15. PROVICO PTY LTD
16. STRONG MICROBIALS INC

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