A new Report by Delvens, titled "Feed Enzymes Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, the global Feed Enzymes Market size is expected to reach a CAGR of 7.3% from 2023-2030.
Feed Enzymes Market by Type of Enzyme (Carbohydrases, proteases, phytases, and others), Source of Enzyme (microbial, plant, and animal-based), Livestock Category (poultry, swine, ruminants, and aquaculture), and Region (North America, Europe, Asia-Pacific, Middle East, Africa, and South America) and More
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The market for enzymes added to animal feed to increase the feed's nutritional content and digestibility is referred to as the worldwide feed enzymes market. Feed enzymes aid in the breakdown of complex feed ingredients like proteins, carbohydrates, and lipids into simpler and easier-to-digest forms, improving nutrient absorption by the animal's digestive tract.
Recent Developments
BASF SE announced in April 2021 that it has launched a new product line of phytase feed enzymes called Natuphos E, which is designed to improve feed efficiency and reduce environmental impact.
In December 2020, Koninklijke DSM N.V. announced that it has launched a new range of protease feed enzymes called ProAct, which is designed to improve the digestibility of plant-based proteins in animal feed.
Asia-Pacific to Dominate the Market
· The Asia-Pacific region is expected to be the largest region in the Feed Enzymes market during the forecast period.
· North America and Europe are expected to remain the largest markets due to high per capita meat consumption and the presence of large animal feed manufacturers.
The Prominent Players in Feed Enzymes Market are:
· BASF SE
· Dupont de Nemours, Inc.
· Koninklijke DSM N.V.
· Novozymes A/S
· Associated British Foods plc
· Adisseo
· Cargill, Incorporated
· Chr. Hansen Holding A/S
· Alltech, Inc.
· Kemin Industries, Inc.
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The rising demand for meat and dairy products is one of the main factors driving the market for feed enzymes. There is a growing need for animal protein due to an expanding global population and increased disposable incomes. The addition of enzymes to animal feed can aid in achieving these objectives. To satisfy this demand, animal producers are looking for ways to increase the productivity and efficiency of their operations.
The increased trend towards sustainable animal production is another factor driving the market for feed enzymes. Consumers and authorities are becoming more concerned about how animal agriculture affects the environment, and there is a rising need for more environmentally friendly and sustainable practices. By increasing feed efficiency and decreasing waste, the addition of enzymes to animal feed can help lower the environmental impact of animal production.
With the increased demand for high-quality animal feed, rising meat and dairy product consumption, and a growing trend towards sustainable animal husbandry, the worldwide feed enzymes market is a fast-expanding business. Animal nutrition depends heavily on enzymes, and adding them to animal feed has been demonstrated to promote digestibility, nutrient absorption, and overall animal performance. Based on the kind of enzyme, the source of the enzyme, the type of livestock, and the geography, the market may be divided into segments.
The biggest markets for feed enzymes are now in North America and Europe, but due to expanding populations, urbanization, and increased demand for animal-based goods, the Asia-Pacific area is anticipated to experience substantial expansion over the next several years. In general, the market for feed enzymes is a dynamic and expanding sector, driven by research, innovation, and changing consumer preferences. In the years to come, demand for new and inventive enzyme products is anticipated to increase as animal producers look for methods to increase the effectiveness and productivity of their operations. Enzymes are anticipated to play an increasingly significant part in animal nutrition.
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In addition to the market data for Feed Enzymes Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Feed Enzymes Market?
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