Feed Enzyme Market

Feed Enzymes Market worth $1.4 billion by 2022

The report "Feed Enzymes Market by Type (Phytase, Protease, and Carbohydrase), Livestock (Ruminants, Swine, Poultry, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Liquid and Dry), and Region - Global Forecast to 2022" The Feed Enzymes Market Is Projected To Account for a Value of USD 1.4 Billion By 2022 Rearers prefer opting for feed products that enhance the growth of livestock and cater to livestock nutrition requirements. As animal nutrition is increasingly gaining attention, governments across countries, researchers, investors, and feed manufacturers focus on investing in feed enzymes. With the use of feed enzymes, manufacturers focus on enhancing the nutritional value of products and the health of animals. According to MarketsandMarkets, the feed enzymes market is projected to account for a value of USD 1.4 billion by 2022, recording a CAGR of 9.3%.

Browse 61 market data Tables and 47 Figures spread through 145 Pages and in-depth TOC on "Feed Enzymes Market by Type (Phytase, Protease, and Carbohydrase), Livestock (Ruminants, Swine, Poultry, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Liquid and Dry), and Region - Global Forecast to 2022"
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The Feed Enzymes Market Is Projected To Account for a Value of USD 1.4 Billion By 2022

Rearers prefer opting for feed products that enhance the growth of livestock and cater to livestock nutrition requirements. As animal nutrition is increasingly gaining attention, governments across countries, researchers, investors, and feed manufacturers focus on investing in feed enzymes. With the use of feed enzymes, manufacturers focus on enhancing the nutritional value of products and the health of animals. According to MarketsandMarkets, the feed enzymes market is projected to account for a value of USD 1.4 billion by 2022, recording a CAGR of 9.3%.

The Protease Segment Is Projected To Dominate the Feed Enzymes Market During the Forecast Period

As the demand for high-quality meat products persists among consumers across regions, manufacturers utilize feed products that are easy to digest and provide sufficient nutrition to the livestock. To enhance the health of the livestock, manufacturers in the feed industry include feed enzymes, as their catalytic function helps in increasing the hydrolysis of dietary protein, which improves the nitrogen utilization in the feed. Feed enzymes in feed products improve the digestion process of animals, which escalates their demand among rearers. Due to these factors, the protease segment is projected to lead in the feed enzymes market during the forecast period.

Liquid Feed Enzymes To Outsell the Dry Form of Feed Enzymes During the Forecast Period

Rearers are increasingly spending on liquid feed products as they are easy to consume, increase the absorption of nutrients in livestock, and are available at economical prices. Due to the high consumption of liquid feed products, the demand for liquid feed enzymes is projected to remain high across regions.

Asia Pacific To Offer Lucrative Growth Opportunities to Key Players in the Feed Enzymes Market By 2022

As consumers in various countries of this region are adopting protein-rich diets, retailers are increasingly allocating space to a range of high-quality meat and poultry products in their stores. To cater to the increasing demand for high-quality meat products, rearers allocate a significant part of their budget to feed enzymes, as they enhance the health, growth, and digestive process of the livestock. Due to the increasing demand for meat products among consumers, Asia Pacific is projected to offer lucrative opportunities in this market.

Koninklijke DSM N.V. (Netherlands), E. I. du Pont de Nemours and Company (US), Alltech Inc. (US), and BASF SE (Germany) are some of the key players operating in the feed enzymes market. Leading players in the market are mainly focusing on product innovation and new product development to expand their product portfolio and improve their presence.

Overall, the feed enzymes market is projected to witness significant growth during the forecast period. Leading players in this market are focusing on catering to the increasing demand from rearers through expanding their distribution channels across regions. Increasing demand for high-quality meat in retail outlets has also encouraged rearers to opt for feed enzymes. These factors are projected to reflect positively on the growth of the market.

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Report Code
AGI 3382
PR Published ON
7/7/2017
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