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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.
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