Global Feed Enzymes Market to be Dominated by Compound Feed Production through 2028
Global Feed Enzymes Market is expected to grow in
the forecast period 2024-2028 due to increasing compound feed production.
According to TechSci Research report, “Feed Enzymes Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global
Feed Enzymes Market is anticipated to upsurge at an impressive rate in the
forecast period 2024-2028. A significant factor
fueling the growth of the Global Feed Enzymes Market
is increasing production of compound feed. Additionally, enzymes help to
enhance nutrient digestibility, focusing on removing the anti-nutritive effects
of non-starch polysaccharides (NSP), along with it, enzymes help to minimize
environmental pollution by reducing waste and feed management costs, by
improving the digestive health of the animals which further fuel the growth of
Global Feed Enzymes Market.
For instance, in 2019, BASF
launched a new phytase, Natuphos E, for swine, poultry, and aquaculture as it
can provide some vital nutrients for the feed industry.
Furthermore, the market is being
further stimulated by the growing demand for livestock-based products, as well
as growing concern regarding the health of livestock.
However, high use of enzymes
causes negative effects which can slow down market growth. Also, high
investment on research & developments regarding the development of
innovative feed enzymes can further slowdown market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth
TOC on the "Feed Enzymes Market.”
Global Feed Enzymes Market is segmented based on
type, livestock, form, source, and region.
Based on type, the market is categorized into
phytases, carbohydrases, and proteases. Phytases are expected to hold the
largest market share in the forecast period, 2024-2028. As it improves mineral
digestibility in animals as well as poses nutritional advancement properties in
mono-gastric animal feeds.
Based on livestock, the market is fragmented into poultry, ruminants,
swine, aquatic animals, and others. Poultry is expected to hold the largest
market share in the forecast period, 2024-2028. This is due to its low
production cost and high demand among customers.
Based on form, the market is segregated into dry
and liquid. Dry segment will experience the highest market share during the
forecast period, 2024-2028. It is due to convenient storage and packaging,
longer shelf life, and easy to use features.
Based on Source, the market is fragmented into
microorganisms and plants. Microorganisms are expected to hold the
largest market share in the forecast period, 2024-2028 as microorganisms remain
to be prominent and appropriate hosts to produce stable and industrially
important feed enzymes.
Major companies operating in the Global Feed Enzymes Market are:
- Koninklijke
DSM N.V.
- BASF SE
- Bluestar
Adisseo Co
- Infinita
Biotech Private Limited
- Antozyme
Biotech Pvt Ltd
- BioResource
International, Inc.
- Kemin
Industries, Inc.
- Advanced
Enzyme Technologies
- Novozymes
A/S
- Huvepharma
Inc.
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“North America region is
expected to grow at the highest rate during the forecast period due to
increasing demand for nutritive protein-based feed products among the consumers. Additionally, presence of
a large livestock population & their growth rate creates lucrative
opportunities for market growth. Furthermore, in Asia Pacific, increase in the number of feed mills & feed
production create huge prospects of market growth during
the forecast period,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Feed Enzymes Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By
Type (Phytases, Carbohydrases, Proteases), By Livestock (Poultry, Ruminants,
Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Source
(Microorganisms, Plants), By Region and Competition, has evaluated the future growth potential of global Feed Enzymes market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Feed Enzymes Market.”
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