Animal feed enzymes are molecules that basically act as initiators or catalysts for the enhancement of various biochemical and chemical reactions. These enzymes are normally added to animal feed, which is released in the digestive tract for food digestibility. Livestock manufacturers use this as a tool for improving the nutritive value of feed components, minimizing feed cost, along reducing environmental degradation. At the time of feed processing operations, these enzymes can sustain under acidic pH conditions and also under pelleting temperature.
MARKET DYNAMICS
The increase in the consumption of meat across the world has led to an increased demand for animal feed enzymes. Enzymes help in improving digestibility and also the nutrient density of the diet, which results in minimizing the production cost. This increases the demand for enzymes in order to reduce costs. The demand for animal feed enzymes is on the rise due to the fact that it reduces environmental risks that are associated with waste disposal and manure.
MARKET SCOPE
The "Global Animal Feed Enzymes Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the animal feed enzymes market with detailed market segmentation by type, livestock, source, form and geography. The global animal feed enzymes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading animal feed enzymes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Animal Feed Enzymes Market is segmented on the basis of type, livestock, source and form. On the basis of type, the market is segmented into phytase, carbohydrase, protease and others. On the basis of livestock, the market is segmented into poultry, swine, ruminant, aquatic animals and others. On the basis of source, the market is segmented into microorganism, plant and animal. On the basis of form, the market is segmented into dry and liquid.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global animal feed enzymes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The animal feed enzymes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the animal feed enzymes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the animal feed enzymes market in these regions.
MARKET PLAYERS
The reports cover key developments in the animal feed enzymes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from animal feed enzymes market are anticipated to lucrative growth opportunities in the future with the rising demand for animal feed enzymes in the global market. Below mentioned is the list of few companies engaged in the animal feed enzymes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal feed enzymes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- DuPont
- DSM
- Adisseo
- Cargill, Incorporated
- Novozymes
- ENMEX
- Advanced Enzyme Technologies
- Elanco
- BioResource International, Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.