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 reduces feed and waste management costs. Thus, feed enzymes help in making animal husbandry sustainable.
Latin America Feed Enzymes market has been estimated at USD 11.68 Billion in 2018 and is projected to reach USD 16.46 Billion by 2023, at a CAGR of 7.10% during the forecast period from 2018 to 2023.
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 a high domestic meat consumption the market is said to grow in Latin America. But the growth in 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 market for Feed Enzymes is segmented into Ingredient and animal type. Each of these segments are further sub segmented into, Ingredients: Carbohydrase, Phytase, others and Animal Type: Ruminant, Swine, Poultry, Aquaculture and others. Poultry and swine segments comprises majority of feed enzyme market share followed by ruminants. Carbohydrase are the most widely used enzymes.
Geographically, Latin America Market for Feed Enzymes is segmented into Brazil, Argentina and 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%.
Major companies in the Latin America market are DuPont, DSM, BASF Corporation, Alltech, Novozymes and Adisseo France. Other Major players in the market are 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 and Sunson Industry Group Company Limited.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By type of ingredient
5.1.1 Carbohydrase
5.1.2 Phytase
5.1.3 Others
5.2 By type of animals
5.2.1 Ruminant
5.2.2 Swine
5.2.3 Poultry
5.2.4 Aquaculture
5.2.5 Others
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Lesaffre Group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 DuPont
8.3 DSM
8.4 BASF Corporation
8.5 Alltech
8.6 Novozymes
8.7 Adisseo France
8.8 AB Enzymes GmbH
8.9 Advanced Enzymes Technologies Limited
8.10 Amano Enzyme Inc.
8.11 Biocatalysts Ltd
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
