Stratview Research has published a new report titled “Feed Enzymes Market” which is segmented by Function Type (Performance Enhancement, Feed Efficiency), by Type (Phytase, Protease, Carbohydrase, and Others), by Source Type (Microorganism, Plants, and Animals), by Form Type (Dry, Liquid), by Livestock Type (Poultry, Swine, Ruminants, Aquatic Animals, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, the market is expected to grow from USD 1.56 billion in 2022 to USD 2.47 billion by 2028 at a healthy CAGR of 7.95% during the forecast period of 2023-2028.

Feed enzymes are gaining significant traction as they help to reduce feed costs, increase the nutritional value of feed ingredients, and improve the environment, all while maintaining or improving animal performance.

Feed enzymes are of different types such as phytase, protease, carbohydrase, and others. Phytase is the most preferred type as considered by animal feed manufacturers and livestock producers to be used as an enzyme.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

By Type

The market is segmented into phytase, protease, carbohydrase, and others.

Being preferred by most animal feed manufacturers and livestock producers, phytase is estimated to hold the majority of the share of the segment during the forecast period.

The usage of phytase in feed provides some advantages such as it offers the highest activity at low pH; helps in the improvement of bone health, and body weight gain, enhances digestive efficiency by breaking down indigestible phytic acid and thus, acts as an aid in the release of digestible phosphorus, calcium, and other nutrients that aid the growth of animals.

By Source Type

The feed enzymes market is segmented into microorganisms, plants, and animals. 

The microorganism segment is projected to be the dominant type during the forecast period. Microorganisms are highly prominent and are suitable hosts to produce enzymes that are stable and industrially important.

Enzymes extracted from microorganisms play a significant role in the manufacturing of animal feed.

Which Region is expected to remain the largest market?

Asia-Pacific is estimated to be the fastest-growing market for feed enzymes during the forecast period. Factors driving the growth of the region’s market are the presence of a large livestock population (FAO 2016) and their growth rate, the increase in the number of feed mills in the region, which further reflects the growth in feed production, mostly in countries, such as India and Japan.

North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Who are the Key Players in the Market?

This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key players active in the Feed Enzymes Market:

• Advanced Enzyme Technologies
• Associated British Foods PLC
• BASF SE
• Bluestar Adisseo
• Cargill Incorporated
• Dowdupont
• Kemin Industries Inc.
• Koninklijke DSM N.V
• Novozymes A/S
• Novus International Inc.

Key questions answered by the report.

• What is the projected CAGR for revenue from the Feed Enzymes Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Feed Enzymes Market?
• Which are the major market players?

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