The global feed enzymes market size is expected to reach USD 2.89 Billion at a steady revenue CAGR of 8.1% in 2030, according to a latest analysis by Emergen Research. The provision of feed cost-efficiency can be attributed to the steady market revenue growth of feed enzymes. Using feed enzymes is cost-effective in various different ways. Enzyme supplements are an effective approach to promoting general good health in farmed animals by increasing the absorption rate of supplements in the stomach. Animals will be healthier for longer periods of time owing to better nutrient retention from their feed, which aids intestinal health and prevents the formation of disease-causing microscopic organisms. This can reduce sickness and ailment frequency in animals, lowering veterinarian costs and increasing overall efficiency.
The Global Feed Enzymes Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Key Players Operating in the Global Feed Enzymes Market are:
BASF SE, DuPont de Nemours, Inc., Koninklijke DSM N.V., Bluestar Adisseo Co., Ltd., Cargill, Incorporated, Associated British Foods plc, Novozymes, Advanced Enzyme Technologies, Kemin Industries, Inc., and Novus International.
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The Research covers the following objectives:
To study and analyze the Global Feed Enzymes Market by key regions/countries, product type and application, history data from forecast to 2027.
To understand the structure of Feed Enzymes Market by identifying its various sub-segments.
Focuses on the key global Feed Enzymes Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in the next few years.
To analyze the Feed Enzymes Market with respect to individual growth trends, future prospects, and their contribution to the total market.
Some Key Highlights of the Report :
The carbohydrase segment is expected to register a rapid revenue growth rate over the forecast period. This is attributed to increasing adoption of carbohydrase by most animal feed manufacturers and livestock producers to be used as an enzyme. Livestock producers choose to utilize carbohydrase owing to its advantages. Multi-Carbohydrase (MC) supplements such as xylanase, glucanase, and arabinofuranosidase, have been demonstrated to improve energy and protein utilization, nutritional digestibility, and growth rates in chicken.
The microorganism segment is expected to lead in terms of revenue share in the global market over the forecast period owing to the higher use of these sources to extract feed enzymes. Enzymes play an important role in a range of industrial processes and are utilized as organic catalysts. Microbial enzymes, which are generated from diverse microorganisms, are known to be superior enzymes, especially for large-scale industrial applications. Microbial sources of enzyme production are the most desired source for industrial enzyme production as microorganisms are freely available, grow quickly, and can be genetically modified to generate enzymes that work optimally under diverse industrial production circumstances.
The poultry segment is expected to lead in terms of revenue share in the global market over the forecast period owing to increasing use of enzyme additives in poultry feed due to its various benefits and cost-effectiveness. When enzymes are included in the meal, the quantity of energy accessible to the birds increases by 3 to 5%. Adding amylase, protease, and xylanase enzymes to chicken diets allows producers to save money on feed as energy is the most expensive resource in the diet. Supplementing feed with enzymes costs about USD 1.50 per ton of feed. Lower energy layer diets can save up to USD 2.50 per ton, whereas high energy turkey diets can save up to USD 4.00 per ton.
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Emergen Research has segmented the global feed enzymes market on the basis of type, source, livestock and region:
Type Outlook (Revenue, USD Million; 2019–2030)
Phytase
Protease
Carbohydrase
Others
Source Outlook (Revenue, USD Million; 2019–2030)
Microorganism
Plant
Animal
Livestock Outlook (Revenue, USD Million; 2019–2030)
Poultry
Swine
Ruminants
Aquatic Animals
Others
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