Latin America Feed Enzymes Market

Latin America Feed Enzymes Market Size & Growth 2022 - 2027:

Latin America Feed Enzymes market has been estimated at USD 11.68 Billion in 2021 and is projected to reach USD 16.46 Billion by 2026, at a CAGR of 7.10% during the forecast period from 2022 - 2027.  Feed enzymes assist in raising the rate of biochemical reactions that supports the animal’s life. They are formed and secreted in the animal body to digest carbohydrates, lipids, proteins, and mineral complexes. They improve the gut and performance of animals and reduce feed and waste management costs. Thus, feed enzymes help in making animal husbandry sustainable.

Feed Enzyme market in Latin America is a newly emerging market. With an increasing awareness about the feed grade and quality, and because of the soaring costs of natural feed materials, customers are preferring feed enzymes over them. Thus, in the recent past, an increase in demand is witnessed. Also, with high domestic meat consumption, the market is said to grow in Latin America. But the growth in the
the market can be affected due to government intervention regarding the sales and pricing of the products, which might make it unfeasible for the customers.

LATIN AMERICA FEED ENZYMES MARKET REPORT COVERAGE:

Market Segmentation:

Latin America Feed Enzymes Market - By Ingredients:

• Carbohydrase

• Phytase
• Others

Latin America Feed Enzymes Market - By Animal Type:

• Ruminant
• Swine
• Poultry
• Aquaculture
• Others

Poultry and swine segments comprise the b majority of feed enzyme market share followed by ruminants. Carbohydrates are the most widely used enzymes.

The Market is Geographically divided into:

Latin America:

• Brazil
• Argentina
• Others

Brazil is the largest market within the region. Other major markets in the region are Chile, Uruguay, Paraguay, and Peru. The market in the region is slowly improving at a CAGR of 7.1% with Latin America holding a current market share of 12%.

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 Leveking Bio-Engineering Co. Ltd
• Sunson Industry Group Company Limited