Livestock Enzymes Market

Global Livestock Enzymes Market Size (2024 to 2029):

The global livestock enzymes market size is expected to reach USD 2.04 billion in 2024 and reach USD 3.07 billion by 2029, growing at a CAGR of 8.5 % 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, carbohydrases, and proteases are the major enzymes that are used in several animal nutrition sectors which include poultry, pigs, and ruminant. These are the products which enhance the nutritional value of food and convert it into easily digestible for the livestock categories.

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 are the factors that are leading to lucrative opportunities in this market.

REPORT COVERAGE:

This research report on the global livestock enzymes market is segmented and sub-segmented into the following categories.

Global Livestock Enzymes Market - By Type:

• Phytase
• Protease
• and Carbohydrase

Global Livestock Enzymes Market - By Livestock:

• Ruminants
• Swine
• Poultry
• Aquatic Animals

Global Livestock Enzymes Market - By Source:

• Microorganism
• Plant
• Animal

Global Livestock Enzymes Market - By Form:

• Liquid and Dry

Global Livestock Enzymes Market - By Region:

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

The livestock enzymes market was dominated by Asia Pacific, with around 43% market share globally and was followed by North America. 

KEY MARKET PLAYERS: 

BIO-CAT (U.S.), 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), Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), Alltech Inc. (U.S.). Are some of the market players dominating the global livestock enzymes market.