Global Feed Enzymes market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
The Global Feed Enzymes market has been estimated at USD 870.46 million in 2018 and is projected to reach approximately USD 1,632.46 million by 2024, at a CAGR of 7.63% during the forecast period from 2018 to 2024. Enzymes are natural proteins secreted by all animals as part of the feed digestion process. Enzymes are formed and secreted in the body to digest carbohydrates, lipids, proteins and other mineral complexes. Commercial enzymes which are also termed as exogenous enzymes are used to enhance the natural process of digestion.
The end purchasers of sustain catalysts are ranchers, compound feed producers, integrators, animals, and aquaculture industry. Feed enzymes are added in animal nutrition to improve utilisation of energy and nutrients or to degrade undesired components. Usage of these feed enzymes improves farmers and also reduces pollution.
Feed enzymes are included in animal sustenance to enhance utilisation of
Global Feed Enzymes market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
energy and corrupt undesired segments. The entrance of the organised retail sector is additionally a noteworthy driver boosting the market. Complex Regulatory Environment is limiting the development of the market because of questions about the adequacy of the items and subsequently late regulatory approvals. Increasing expenses in critical raw materials and cost instability of agricultural products are significant limitations in the market. Feed enzymes when utilised as part high amounts are found to have adverse impacts due to which the demand might fall, be upsetting the marketing development.
The global market for feed enzymes is divided into by ingredients and animal types. Each of these sections is further sub-sectioned into, components: carbohydrase, phytase, protease, and others. Again carbohydrase is sub-segmented as xylanase and beta-glucanase enzymes. Animal type: ruminant, poultry, swine, aquaculture, pets, horses and others. Poultry and swine comprise of the significant portions
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Global Feed Enzymes market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
of fed enzyme market share followed by ruminants. Carbohydrase has mostly used feed enzymes.
The geographically global feed enzyme market for feed enzyme market is segmented as North America, Asia Pacific, Europe, Middle East and Africa, South America. Europe is the most extensive market with poultry being the most significant segment. Asia-Pacific is the fastest growing market with a share of 27%.
Major players are investing in setting up new plants and mergers & acquisition in foreign markets for business expansions. Major companies in the market are DuPont, DSM, BASF Corporation, Alltech, Novozymes and Adisseo France. Other Major players in the market are AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, EnmexSa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd and Sunson Industry Group Company Limited.
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