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Direct-Fed Microbials Market | Size,Share, Growth

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Direct-Fed Microbials Market | Size,Share, Growth

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.

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Explore Further Details about This Research Direct-Fed Microbials Market Report https://www.databridgemarketresearch.com/reports/global-direct-fed-microbials-market

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. Growing rate of population especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging demand for treated animal feed stuff due to large population consuming carnivorous diet and increasing industry competitiveness are the major factors attributable to the growth of direct-fed microbials market.

Direct-fed microbials are the ingredients that are used to provide microbial balance to the digestive tract. Direct-fed microbials help to improve the digestion and digestion related infections. Direct-fed microbials are used to provide many nutritional, health and medicinal benefits to animals.

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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