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.
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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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