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Feed Enzymes Market Overview
“The global Feed Enzymes market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global feed enzymes market report has been segmented on the type, livestock, form, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Enzymes are chemicals/catalysts that are released by cells to speed up specific chemical reactions. In order to save cost, many producers supplement feed with enzyme additives, which in turn enable them to produce more meat per animal as well as to produce the same amount of meat cheaper and faster rate.
Increasing demand for the consumption of animal-based products is expected to drive the growth of the global market over the forecast period.
In addition, the high cost of feed in livestock farming is another factor expected to boost the growth of the market over the forecast period. Ban on antibiotics which act as a growth promoter in several countries is expected to propel the growth of the global feed enzymes market over the forecast period.
However, the thermostability of feed enzymes, as well as regulatory structure and interventions, is expected to hamper the growth of the global feed enzymes market to a certain extent.
Based on form, the global feed enzymes market is segmented based on liquid and dry forms. The liquid form is expected to register the highest growth rate as compared to the dry form, as it is more convenient to use, economical and effective.
Asia Pacific market is expected to register a faster growth rate over the forecast period, as compared to other regions such as North America, Latin America, Europe, Middle East & Africa.
Increasing consumption of animal-based products is a major factor expected to drive the growth of the market in the region over the forecast period. Other factors such as high investment in research and development by manufacturing companies and the rising need for food security are expected to boost the growth of the market in the region.
North America and Europe is a highly regulated market for feed enzymes which is expected to have an impact on the growth of the market over the forecast period.
Global Feed Enzymes Market Segmentation:
Global feed enzymes market segmentation, by type:
Global feed enzymes market segmentation, by livestock:
- Aquatic animals
- Others (equine and pets)
Global feed enzymes market segmentation, by form:
Global feed enzymes market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- I. Du Pont De Nemours and Company
- Associated British Foods PLC
- Koninklijke DSM N.V.
- Adisseo France SAS
- Azelis Holdings SA
- Novus International, Inc.
- Danisco A/S
- BioResource International, Inc.
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