A recent report published by
Infinium Global Research on the feed enzymes market provides in-depth analysis of
segments and sub-segments in the global as well as regional feed enzymes
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional feed enzymes market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global feed enzymes market. According to the
report, the global feed enzymes market is projected to grow at a CAGR of 9%
over the forecast period of 2021-2027.
The global feed enzymes market was
sized near USD 1446 million in 2021. The global feed enzymes market is
projected to grow with a CAGR of 9% during 2021-2027. A natural protein that
all animals create as a part of the feed digestion process is enzymes. The
purpose of forming enzymes in the body is to digest carbohydrates, lipids,
proteins, and other mineral complexes. The natural process of digestion is
enhanced by commercial enzymes, also known as exogenous enzymes. Furthermore,
farmers, compound feed manufacturers, integrators, livestock, and the
aquaculture industry are the end-users of the feed enzymes market. Moreover,
the feed enzymes can improve energy utilization or degradation of undesired
components by adding them to the animal's feed. The feed enzymes help the
farmer by increasing the profitability of livestock as well environment by
reducing environmental pollution.
There is an increase in the global
population due to which the demand for healthy meat products is raised, which
is propelling the growth of the feed enzymes market. Furthermore, there is an
increase in the concern of livestock diseases outbreak and respect for the
environment due to which demand for feed enzymes products rises, which in turn
boosts the market growth. Additionally, one of the significant drivers
expanding the market is the penetration of the organized retail sector. On the
other hand, there is increased strict regulation by the governments about the
efficiency of the product, and the regulatory approvals are consequently late,
which is hampering the market’s growth. Moreover, the significant factors which
are hindering the market's development are the rising cost of imported raw
materials and the price volatility of agriculture commodities. Additionally,
when feed enzymes are used in higher quantities are found to have adverse
effects due to which the demand might fall. Nevertheless, the rising disposable
income of people is creating a massive opportunity for the market due to
increased demand for feed enzymes by people.
The feed enzymes market is
segmented into North America, Europe, Asia Pacific, and the rest of the world.
Of all the regions, Asia Pacific is expected to account for the higher share
revenue and dominate the market during the forecast period. The factors which
are propelling the growth of the market in APAC are the presence of a large livestock
population & their growth rate, and the increase in the number of feed mills
which further reflect the growth in feed production. In North America, there is
higher consumption of meat, due to which the region is anticipated to have
significant growth during the forecast period. Additionally, there is a strong
presence of the meat processing industry in North America which can boost the
growth of the feed enzymes market in the region. Moreover, in Europe, poultry is
the largest segment that is being produced, due to which Europe becomes the
largest market for feed enzymes.
The report on the global feed enzymes
market covers segments such as type, livestock, source, and form. On the basis
of type, the sub-markets include carbohydrase, phytase, and protease. On the
basis of livestock, the sub-markets include poultry, ruminants, aquatic
animals, swine, and others. On the basis of source, the sub-markets include
animal, plant, and microorganism. On the basis of form, the sub-markets include
dry, and liquid.
The report provides profiles of
the companies in the market such as Cargill, Incorporated (US), BASF SE
(Germany), DuPont (US), Bluestar Adisseo Co., Ltd. (China), Koninklijke DSM NV
(Netherlands), and Kemin Industries, Inc..
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of feed enzymes market. Moreover, the study highlights current market
trends and provides forecast from 2021-2027. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.