Feed enzyme is an additive ingredient and an important tool to increase the nutritional value of feed ingredients, reduce feed cost, uplift animals’ digestion capabilities and to improve the environment. Enzymes, by definition, are chemicals or catalysts released by cells to speed up specific chemical reactions. The special types of enzymes help to keep useful nutrition such as phosphorous that helps in animal development.
The global feed enzymes market size was USD 1.2 billion in 2019 and is likely to surpass USD 2 billion by 2025 with a CAGR of 9.1%. The forecast period is expected to be more profitable for the industry. The market is witnessing rapid development as concerns regarding animal health and rising demand for the nutrient intake of feed are boosting the market.
Crucial types and end-users of Feed Enzymes:
The feed enzymes market has been divided into several product types including Phytase, Protease, Carbohydrase & Others. Phytase is selected by most animal feed manufacturers and livestock producers, hence the segment is projected to dominate the market share in 2025. Livestock gets various benefits from the inclusion of phytase, as it offers the highest activity at low pH and ameliorates overall health, body weight, and digestive capacities. The main application areas of feed enzymes covered in the study are ruminants, poultry, swine, aquatic, etc.
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Swine and poultry segments are the major application segments and consumers of feed enzymes with a superior adoption rate in the market. Product innovation, biotechnology stabilizing, and developments in enzymes’ effectiveness are expected to boost the market during the forecast period.
Regional Landscape with leading feed enzymes market regions:
The regional demand for feed enzymes is speedily increasing in the Asia Pacific region, which made the market a potentially leading region, which is projected to perform vigorously in the near future. In terms of demand, European countries are leading the market with the highest demand for feed enzymes. Developing and underdeveloped markets like Latin America, Middle East & Africa are also witnessing capital investments for research and development for product development of feed enzymes which is increasing the regional competition. The regions emphasized in the report are:
• Asia Pacific
• North America
• Latin America
• Middle East
Feed Enzymes Market Competitive Landscape:
The report underscores many leading feed enzyme manufacturers operating in the industry at global and regional levels. Companies are performing various strategies such as mergers, ventures, acquisitions, amalgamations, and partnerships as well as product launches, promotional activities, product research, brand development, and advanced technology adoptions to pose robust challenges in the industry and remain ahead of the competitive curve. The leading market players included in the report are:
• Novus International
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