Europe's livestock enzymes market size is expected to reach USD 334.66 million in 2024 and reach USD 418.64 million by 2029, growing at a CAGR of 4.58% from 2024 to 2029.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the livestock industry.
Phytases, carbohydrates, and proteases are the major enzymes that are used in several animal nutrition sectors, which include poultry, pigs, and ruminants. These are the products that enhance the nutritional value of food and convert it into easily digestible food for livestock.
The rise in production, as well as consumption of animal-based products, the expensive nature of feed in livestock farming, the ban on the use of antibiotics as growth enhancers, and the positive influence on the environment are the factors that drive the growth of the feed enzymes market. The shifting of preferences away from the costly fish meal with feed enzymes and growth in awareness regarding feed quality is the factors that are leading to lucrative opportunities in this market.
This research report on the Europe livestock enzymes market is segmented and sub-segmented into the following categories.
Europe Livestock Enzymes Market – By Type:
Europe Livestock Enzymes Market – By Livestock:
Europe Livestock Enzymes Market – By Source:
Europe Livestock Enzymes Market – By Form:
Europe Livestock Enzymes Market – By Country:
The European livestock Enzymes Market is expected to grow significantly in the coming years due to an increased focus on research and development.
KEY MARKET PLAYERS:
Some of the major companies in this market are BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (Netherlands), and Adisseo France SAS (France). Other significant players include Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), BIO-CAT (U.S.), and Alltech Inc. (U.S.).
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