Global demand for the Feed Enzyme market was valued over USD 1.5 Billion in 2019 and is expected to reach a CAGR of 9.15% between 2019 and 2025.
Feed Enzymes Market
This report analyzes and estimates the Inoculants market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on revenue (USD Million). The report offers detailed insights of the Feed Enzymes market drivers and restraints along with their impact analysis at global level from 2015 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Feed Enzymes market. To understand the competitive landscape in the global Feed Enzymes market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Feed Enzymes market based on Type, Livestock, Source, Form, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
The global Feed Enzymes market is basically driven by the growing concern regarding animal health and also the rising requirement for an increase in the nutrient uptake of feed. Additionally, the growing demand for low pH, enabling weight gain, the disintegration of indigestible phytic acid, digestive efficiency, and release of digestible calcium, phosphorus, and other nutrients for animal wellbeing is expected to boom the global Feed Enzymes market over the forecast timeframe. In addition, the increasing meat and meat product consumption among the populace across the globe will further supplement the growth of the global Feed Enzymes market. Furthermore, the high growth rate of livestock is anticipated to escalate the demand for feed enzymes. The increasing number of feed mills across various regions shows the high feed production and consumption rate which, in turn, is expected to bolster the global Feed Enzymes market growth.
Owing to the increasing demand for poultry products in comparison to meat products such as beef, swine, etc. the demand for feed enzymes is estimated to increase during the forecast timeline. In addition, the rapid advancement in poultry meat production is bolstering the demand for premium-quality feed, thereby boosting the market for feed enzymes. Moreover, the use of microorganisms in the feed industry is aiding in improving the feed quality thereby helping the global Feed Enzymes market expand.
On the basis type, the market for feed enzymes is divided into Phytase, Carbohydrase, Protease, and Others. In terms of livestock, the global Feed Enzymes market is segregated into Poultry, Swine, Ruminants, Aquatic Animals, and Others. Based on source, the market is sectored into Microorganism, Plant, and Animal. By Form, the Feed Enzymes market is categorized into Dry and Liquid. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
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