Asia-Pacific Feed Enzymes Market has been estimated at USD 26.29 Billion in 2021 and is projected to reach USD 37.56 Billion by 2026, at a CAGR of 7.40% during the forecast period from 2022 - 2027.
Feed enzymes are artificial feed additives that are added for supporting animal growth and for controlling infectious diseases prevalent in animals. Feed enzymes assist in raising the rate of biochemical reactions that supports the animal’s life. They are useful in the extraction of extra nutrients from the animal feed and helps reduction of animal waste, which reduces the amount of nitrogen and phosphorus in animal excreta, which has a protective effect on the environment.
Asia-Pacific Feed Enzymes Market Drivers:
Increased consumption of meat due to a shift in the lifestyles of consumers, rising awareness on the safety and quality of meat, growing customer attention towards superior quality feed grades which should be balanced and nutritive, are some of market drivers in the Asia-Pacific region. Government regulatory structure and interventions in terms of sales and pricing, and uncontrollable environmental conditions are the factors that might hinder the feed enzymes market growth.
Poultry and swine segments comprise the majority of feed enzymes market share followed by ruminants. Carbohydrates are the most widely used enzyme.
The Market is Geographically divided into:
Geographically, Asia-Pacific Market for Feed Enzymes is segmented into China, India, Japan, Australia, Thailand, and Others. China is the major manufacturer which accounts for around half of the production of feed Enzymes in the Asia-Pacific region. Thailand and Australia are the fastest-growing markets within the region. Production in China and India is steadily growing which is resulting in increased demand for feed enzymes for pork and poultry industries.
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