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Global Feed Enzymes Market (2020 to 2025) - Growth, Trends and Forecasts - ResearchAndMarkets.com

DUBLIN, June 29, 2020 (BUSINESS WIRE) --

The "Global Feed Enzymes Market Share, Size - Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The global feed enzymes market was valued at USD 1.18 billion in 2018, and it is expected to register a CAGR of 4.6% during the forecast period. Asia-Pacific is projected to be the fastest-growing market.

The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. The increasing demand for the animal protein, raising animals population and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend. This positive trend attracts more players to enter the feed enzymes market.

The industrialization for the livestock industry, increasing demand for the animal protein, a large amount of soya and corn usage as ingredients for meet manufacturing are the major drivers of feed enzymes market.

Key Market Trends

Growing demand for animal protein

Despite the increasing concerns about greenhouse gas emission and several other emerging environmental related problems due to the livestock industry, meat consumption is increasing year by year. According to the Organisation for Economic Co-ordination and Development, meat consumption has raised from 114 million metric tons in 2017 to 116 million metric tons in 2018. Poultry meat is the most consumed by humans with per capita consumption of 30.6 kilograms per year, followed by pork with per capita consumption of 23.5 kilograms per year and beef and veal with per capita consumption of 14.8 kilograms per year.

The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. Enzymes also help in obtaining good feed efficiency which in turn reduces the feed costs and increases the profitability. The increasing demand for the animal protein, raising animals population and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend.

Asia-Pacific remains the largest market

Asia-Pacific is the largest market for feed enzymes in 2018 valued USD 411.7 million which is projected to remain the largest market during the forecast period 2019-2024, whereas Europe and North America hold the second and third positions. The Asia-Pacific market is expected to register a high CAGR during the study period (2019-2014), whereas all other regions are expected to register a moderate growth rate. China and India being a larger market in the Asia-Pacific region, their larger population is one of the major factors for Asia-Pacific remaining as the largest market in the world.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers & Restraints

4.3 Market Drivers

4.4 Market Restraints

4.5 Porter's Five Forces Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Carbohydrases

5.1.2 Phytases

5.1.3 Others

5.2 Animal Type

5.2.1 Ruminant

5.2.2 Poultry

5.2.3 Swine

5.2.4 Aquaculture

5.2.5 Others

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia Pacific

5.3.4 South America

5.3.5 Middle East & South Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Ab Enzymes Gmbh

6.3.2 Advanced Enzymes Technologies

6.3.3 Adisseo

6.3.4 BASF SE

6.3.5 Biovet Jsc

6.3.6 Biocatalysts

6.3.7 Chr. Hansen Holding

6.3.8 Danisco

6.3.9 Novozymes

6.3.10 Koninklijke DSM N.V

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/28t7e0

View source version on businesswire.com: https://www.businesswire.com/news/home/20200629005311/en/

SOURCE: Research and Markets

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