The Feed Enzymes Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Feed Enzymes Market is estimated to be $85.5 USD billion and predicted to rise to $ 118.25 USD billion with a CAGR of 6.7%. The market is segmented by type of ingredient (Carbohydrase, Phytase and Others), and by type of animal (Ruminant, Swine, Poultry, Aquaculture and other). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa.
Rapidly increasing costs of natural feed products, demand for high quality meat with the rising domestic consumption of meat, increasing demand for efficient and feasible substitute to feed antibiotics and increasing awareness about the quality of feed grades are the factors that are driving the feed enzymes market globally. But due to strict regulations and actions by government over the product pricing and sales, along with the rising prices of raw materials are restricting the market growth.
Global 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 is the most widely used enzymes.
Geographically Global Market for Feed Enzymes is segmented into North America, Europe, Asia-Pacific, Latin America and, Middle East and Africa. Europe is the largest market with poultry being the largest segment. With pastures and livestock being the major contributors to the economies in Europe, there is always a high demand for feed enzymes. North America is the second largest market share holder with rising domestic consumption of meat in U.S. and Canada. Asia-Pacific is the fastest growing market with a steady growth in the production in India and China, resulting in a hike in demand by the poultry industries.
Major players are investing in setting up new plants and mergers & acquisition in foreign markets for business expansions. Major companies in the 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.
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