20-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Feed Enzymes Market – By Type (Phytase, Carbohydrase, Protease, and Others), By Livestock (Poultry, Swine, Ruminants, Aquatic Animals, and Others), By Source (Microorganism, Plant, and Animal), By Form (Dry and Liquid), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the Feed Enzymes market was valued over USD 1.5 Billion in 2019 and is expected to reach a CAGR of 9.15% between 2019 and 2025.
Browse the full “Global Feed Enzymes Market – By Type (Phytase, Carbohydrase, Protease, and Others), By Livestock (Poultry, Swine, Ruminants, Aquatic Animals, and Others), By Source (Microorganism, Plant, and Animal), By Form (Dry and Liquid), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/feed-enzyme-market
Phytase category is projected to hold a major share of the global Feed Enzymes market
The animal feed or livestock producers mostly prefer phytase for further use as an enzyme. Thus, the feed enzymes market is expected to be dominated by phytase category during the forecast timeframe. In addition, the benefits of phytase in the livestock feeds will further increase its demand across the globe. The advantages like low pH, enabling weight gain, disintegration of indisgestible phytic acid, digestive efficiency, and release of digestible calcium, phosphorus, and other nutrients helps animal remain healthy. Thus, these factors are likely to aid in Feed Enzymes market growth.
Microorganism category is projected to dominate the Feed Enzymes market
The increasing use of microorganisms to extract feed enzymes is anticipated to augment the growth of microorganism category in the Feed Enzymes market during the forecast timeline. The microorganisms are a highly preferred product owing to its prominence and ability to produce stable and industrially vital feed enzymes. The use of microorganisms in the feed industry is aiding in improving the feed quality which, in turn, helps expand the global Feed Enzymes market.
Poultry category is anticipated to exhibit the fastest growth in the Feed Enzymes market
The poultry category dominated the global Feed Enzymes market owing to the increasing demand for poultry products compared to meat products such as beef, swine, etc. In addition, the rapid advancement in the poultry meat production is increasing the demand for high-quality feed, thereby bolstering the market for feed enzymes.
Asia Pacific is projected to witness the fastest growth in the Feed Enzymes market
Asia Pacific is anticipated to exhibit highest growth rate in the global Feed Enzymes market during the forecast period. The reason for the dominance of Asia Pacific region is the presence of a large livestock population which is escalating the number of feed mills in the regions including Japan, and India. Thus, the high number of feed mills shows the increasing feed production and consumption in the region. The growth of the Feed Enzymes market is basically due to the high growth rate among the livestock.
Key Market Players
Some of the key players of the global Feed Enzymes market are Bluestar Adisseo Co., Ltd., Cargill, Incorporated, DowDuPont, BASF SE, and Koninklijke DSM NV.
The report on global Feed Enzymes market is segmented into:
Global Feed Enzymes Market: By Type Segmentation Analysis
Global Feed Enzymes Market: By Livestock Segmentation Analysis
Global Feed Enzymes Market: By Source Segmentation Analysis
Global Feed Enzymes Market: By Form Segmentation Analysis
Global Feed Enzymes Market: By Regional Segmentation Analysis
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