Summary - A new market study, titled “Global Feed Enzymes Market Size study with COVID-19 Impact, by Type (Phytase, Carbohydrase, Protease and Others), by Livestock (Poultry, Swine, Ruminants, Aquatic animals and Others), by Source (Microorganism, Plant and Animal), by Form (Dry and Liquid) and Regional Forecasts 2020-2027” has been featured on WiseGuyReports.
Global Feed Enzymes Market is valued approximately USD 1.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.1 % over the forecast period 2020-2027. The Feed enzymes are used to increase the quality of animal nutrition as well as improve the nutritional properties of animal fodder. Enzymes are natural proteins secreted by microorganism, plant and animals as a part of the feed digestion process. Feed enzymes offer additional nutrients such as minerals and vitamins to the animal feed. Feed Enzymes is facing challenges due to the coronavirus pandemic as manufacturing sectors are temporary shutdown. So various companies has restricted their manufacturing and supply operations which halt the demand of feed enzymes currently. The growing concern regarding animal health and the demand for an increase in the nutrient uptake of feed and rising demand for naturally produced feed and feed additives are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 13th March 2019, BASF SE launched phytase, Natuphos® E, for the feed industry in Indonesia. The next generation phytase, Natuphos® E helps to utilize nutrients such as phosphorous, calcium, amino acids and energy in poultry. However, hydrolysis of cellulose remains difficult and higher inclusion rates of enzymes may have negative effects is the major factor restraining the growth of global Feed Enzymes market during the forecast period.
The regional analysis of global Feed Enzymes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the presence of a large livestock population & their growth rate, the increase in the number of feed mills. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Koninklijke Dsm N.V
Associated British Foods Plc
Advanced Enzyme Technologies
Novus International Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Feed Enzymes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)