The Plant-Based Feed Enzymes Global Market Report 2023, provides comprehensive information on the plant-based feed enzymes 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.
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As per The Business Research Company’s Plant-Based Feed Enzymes Global Market Report 2023, the market size is expected to grow from $1.76 billion in 2022 to $1.83 billion in 2023 at a compound annual growth rate (CAGR) of 3.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of plant-based feed enzymes market is expected to reach $2.04 billion in 2027 at a CAGR of 2.8%
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Product innovation is a key trend gaining popularity in the plant-based feed enzymes market. Major companies operating in the plant-based feed enzymes market are developing innovative products to sustain their position in the market. For instance, in December 2021, BASF, a Germany-based chemical company, launched Natupulse TS, an innovative feed enzyme to unlock valuable nutrients from soybean meal and other plant-derived protein sources in commercial diets. It has non-starch-polysaccharide (NSP) enzymes such as beta-mannanase, which aids in improving the energy digestibility of nutrients, making the feed more cost-effective and supporting more sustainable animal protein production.
The plant-based feed enzymes market is segmented:
1) By Type: Phytase, Protease, Carbohydrase
2) By Form: Liquid, Dry
3) By Livestock: Ruminants, Swine, Poultry, Aquatic animals, Pets, Horses
North America was the largest region in the plant-based feed enzymes market in 2022.
The table of contents in TBRC’s plant-based feed enzymes market report includes:
1. Executive Summary
2. Plant-Based Feed Enzymes Market Characteristics
3. Plant-Based Feed Enzymes Market Trends And Strategies
4. Plant-Based Feed Enzymes Market – Macro Economic Scenario
5. Plant-Based Feed Enzymes Market Segmentation
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26. South America Plant-Based Feed Enzymes Market
27. Brazil Plant-Based Feed Enzymes Market
28. Middle East Plant-Based Feed Enzymes Market
29. Africa Plant-Based Feed Enzymes Market
30. Plant-Based Feed Enzymes Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Incorporated
- BASF SE
- Associated British Foods Plc
- DuPont
- DSM
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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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