Europe Feed Enzymes Market By Type Of Ingredient (Carbohydrase, Phytase, Others), By Type Of Animals (Ruminant, Swine, Poultry, Aquaculture And Other), And By Region -Industry Analysis, Size, Share, Growth, Trends, And Forecast | 2022 to 2027.
Europe Feed Enzymes Market Size & Growth 2022 - 2027:
Europe Feed Enzymes Market has been estimated at USD 32.13 Billion in 2021 and is projected to reach USD 43.4 Billion by 2026, at a CAGR of 6.20% during the forecast period from 2022 - 2027.
Feed enzymes offer unprecedented digestibility, increasing the availability of phosphorus, calcium, energy, and amino acids to the animal. The use of enzymes is central to the quality of animal feed because they accelerate biochemical reactions that help improve the nutritional value and quality of feed. They are added to animal nutrition to improve the utilization of energy and nutrients or to degrade undesired components. Feed enzymes play an important role in modern agriculture.
Europe Feed Enzymes Market Drivers:
Soaring costs of natural feed products are making the consumers shift their focus on the adoption of efficient animal feed enzymes. Thus, the demand for animal feed enzymes is increasing. Increased consumption of meat due to changes in lifestyle and rising awareness on the safety and quality of meat is driving the market growth. But due to government rules and regulations on sales and pricing, market growth is getting affected.
EUROPE FEED ENZYMES MARKET REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2021- 2026 |
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CAGR |
6.20% |
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Segments Covered |
By Ingredients, By Animal Type |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo, France AB Enzymes, GmbH Advanced Enzymes Technologies Limited, Amano Enzyme Inc, Bio-Vet JSC Biocatalysts ltd Chr. Hansen Inc, |
Market Segmentation:
Europe Feed Enzymes Market - By Ingredients:
- Carbohydrase
- Phytase
- others
Europe Feed Enzymes Market - By Animal Type:
- Ruminant
- Swine
- Poultry
- Aquaculture
- others
Poultry and swine segments comprise the majority of the feed enzyme market share followed by ruminants. Carbohydrases are the most widely used enzyme.
The Market is geographically divided into:
Geographically, Europe Market for Feed Enzymes is segmented into Spain, Russia, Germany, Italy, UK, France, and Others. Europe dominates the market with a share of 33%. Spain, Germany, and Russia are the largest markets within the region. Meat is the topmost export commodity in Spain. The feed enzymes market has the largest consumer base in the European region, where pastures and livestock rearing are key components of economies.
Key Players:
DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo, France AB Enzymes, GmbH Advanced Enzymes Technologies Limited, Amano Enzyme Inc, Bio-Vet JSC Biocatalysts ltd Chr. Hansen Inc, Enmex Sa De Cv Lesaffre Group, PURATOS GROUP Rossari Biotech Limited, Shenzhen Leveling, Bio-Engineering Co. Ltd
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