Feed Enzymes for Livestock Market Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook
Data Bridge Market Research analyses that the feed enzymes for livestock market will project a compound annual growth rate (CAGR) of 5.87% during the forecast period of 2022-2029.
Feed enzymes are the additives that are infused in the animal feed as ingredients to provide a wide range of nutritional benefits to them. Enzymes can be added to animal diets to improve the efficiency of digestion, mainly in younger and weaning animals. Every type of enzyme has a particular role in the body. These enzymes target precise substrates in the animal's diet, where they break down composite indigestible particles into their simpler forms.
The increasing preferences towards animal based products such as dairy products, meat products, eggs is the major factor accelerating the growth of the feed enzymes for livestock market in the forecast period of 2022-2029. Provision of cost effective feed such as ruminants and poultry is expected to propel the feed enzymes for livestock market in the forecast period of 2022-2029. Furthermore, increasing demand of the naturally produced feed and feed additives, increasing demand for improved meat quality along with improved animal health to raise the consumption of animal based food products and rising livestock population in the developing economies of the world are also expected to drive the growth of the feed enzymes for livestock market in the forecast period of 2022-2029.
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Some of the major players operating in the feed enzymes for livestock market are BASF SE; DuPont; Associated British Foods plc; DSM; BEHN MEYER; Azelis S.A.; Adisseo; NOVUS INTERNATIONAL; Rossari; BIO-CAT; BEC Feed Solutions; BioResource International, Inc.; Bioproton Pty Ltd.; Alltech; Lesaffre; Advanced Enzyme Technologies; Karyotica Biologicals Pvt Ltd.; Aum Enzymes; CapriEnzymes; Enzyme Innovation; Lumis; VEMO 99 Ltd.; Biovet; Chr. Hansen Holding A/S; Novozymes; Cargill, Incorporated; New Hope Group; ENMEX; Aumgene Biosciences and ADM among others.
Scope of the Feed Enzymes for Livestock Market Report:
The feed enzymes for livestock market is segmented on the basis of source, type, form and function. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the feed enzymes for livestock market is segmented into microorganism, plant, and animal.
- Based on type, the feed enzymes for livestock market is segmented into phytase, protease, carbohydrase, and others. Carbohydrase has been further segmented into xylanase, amylase, cellulase, and other carbohydrases.
- Based on the form, the feed enzymes for livestock market is segmented into dry and liquid.
- The feed enzymes for livestock market is also segmented on the basis of function. The function is segmented into performance enhancement, and feed efficiency.
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Feed Enzymes for Livestock Market Regional Analysis/Insights
The Feed Enzymes for Livestock market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Feed Enzymes for Livestock market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Feed Enzymes for Livestock within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Feed Enzymes for Livestock market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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