Feed Enzyme Market Predicted Double-Digit Growth Rate by 2024

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Feed Enzyme Market

Global Feed Enzyme Market: Overview

Enzymes are naturally occurring proteins that are produced by animals during the digestion process. These are secreted to digest proteins, lipids, carbohydrates, and mineral complexes. Feed enzymes are added in feeds to enhance the utilization of nutrients and energy or to degenerate various undesired constituents. These enzymes basically enhance the gut while significantly decreasing waste and feed management prices, which makes animal farming feasible. Enzymes usage boosts animal performance and decreases environmental pollution. The feed enzymes consumers are the integrators, home mixers, aquaculture industry, livestock, and farmers.

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Global Feed Enzyme Market: Growth Factors

Feed enzymes are becoming a vital component of the widely expanding meat and milk industry. Feed enzymes are obtaining significance as they improve feed quality, accelerate feed conversion, and contribute to animal welfare. The global feed enzyme market growth is propelled by increasing customer awareness toward good quality feed, which should be nutritive and balanced. The other factors contributing to the growth of the market include decreased application value, high effectiveness, and ease of use.

Global Feed Enzyme Market: Segmentation

The global feed enzyme market is segmented based on livestock, type, and region. The livestock segment is classified into poultry, swine, ruminants, and aquatic animals. The type segment of feed enzyme market is diversified into protease, phytase, and non-starch polysaccharides. The non-starch polysaccharides segment is further sub-divided into β-glucanase, xylanase, mannanase, pectinase, and cellulase. Geographically, the global feed enzyme market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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Global Feed Enzyme Market: Regional Analysis

Europe is anticipated to dominate the global feed enzyme market. As livestock and pastures are the important contributors to the European economies, there is a high requirement for feed enzymes. The Asia Pacific region is assumed to be the rapidly expanding region in the coming period due to increasing meat and milk utilization in the region. Also, India and China are stably growing resulting in high requirement of feed enzymes for poultry and pork industries. This increasing demand for meat protein has boosted the meat production in the Asia Pacific region, owing to the increased consumption of feed enzymes and is anticipated to manifest healthy growth. Besides enhancing the nutritional benefit of feed, these enzymes are obtaining significance for their vital role in meat quality enhancement and cost reduction.

Global Feed Enzyme Market: Competitive Players

Key players in the global feed enzyme market are Advanced Enzymes Technologies Limited, AB Enzymes, DuPont, BASF, DSM, Aum Enzymes, Alltech Inc., Chris Hansen, Rossari Biotech Limited, Novozymes, Biocatalysts Limited, and Dyadic. Other major players in the global market are Amano Enzyme Inc., Biovet Jsc, Adisseo France S.A.S., Enmex Sa De Cv, Chr. Hansen Holding A/S, Lesaffre Group, Puratos Group Nv, Danisco A/S, Shenzhen Leveking Bio-Engineering Co. Ltd, and Sunson Industry Group Company Limited.

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