The Microorganism Feed Carbohydrase Global Market Report 2023, provides comprehensive information on the microorganism feed carbohydrase market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Microorganism Feed Carbohydrase Market’s Growth:
As per The Business Research Company’s Microorganism Feed Carbohydrase Global Market Report 2023, the global microorganisms feed carbohydrase market size is expected to grow from $1.42 billion in 2022 to $1.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global microorganisms feed carbohydrase market size is expected to reach $2.16 billion in 2027 at a CAGR of 8.6%.
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Product innovations are a key trend gaining popularity in the microorganism feed carbohydrase market. Major companies operating in the microorganism feed carbohydrase market are focused on introducing innovative products to sustain their position in the market. For instance, in February 2022, Novozymes, a Denmark-based biotechnology firm that develops microorganism feed carbohydrase in collaboration with the Royal Dutch DSM Group, a Netherlands-based company that provides microbial enzymes, developed the Ronozyme feed enzymes. These enzymes would improve feed utilization and efficacy, and also reduce feed costs and adverse environmental impacts, thereby promoting sustainable development of the industry.
The microorganism feed carbohydrase market is segmented:
1) By Type: Amylases, Cellulases, Pectinases, Lactase, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Poultry, Swine, Ruminants, Aquatic Animals, Other Livestock
4) By Application: Food And Beverage, Animal Feed, Pharmaceuticals, Other Applications
North America was the largest region in the microorganism feed carbohydrase market in 2022.
The table of contents in TBRC’s microorganism feed carbohydrase market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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