Press release
Animal Feed Enzymes Market Detail Analysis focusing on Key Players like BASF, Danisco, Rossari Biotech, Beldem, Alltech, Shenzhen Leveking Bio-Engineering, Adisseo AB Vista, Novozymes and Kemin & More
Animal Feed Enzymes Market size is estimated to exceed USD 2 billion by 2024; according to a new research report.
Shifting consumer focus on animal nutritional intake for high quality meat due to its enhancing biological properties will drive the animal feed enzymes market growth. Increase in global meat consumption boosted the overall livestock husbandry. Global average meat consumption was over 75 pounds in 2016.
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Improving nutrient content, energy utilization, and livestock health are the key properties enhancing the product demand. Large presence of fibers altering the gut viscosity increases the overall livestock efficiency.
Increasing consumer preference for processed meat and dairy products along with proliferating hypermarkets & supermarkets will support the industry growth. Rising awareness pertaining to fodder quality coupled with competitive prices are the key factors fueling the product demand.
Inclination towards animal feed enzymes over antibiotic growth promotors due to stringent government regulations will propel the industry demand. In addition, animal feed enzymes aid in lowering amount of livestock wastes. This helps to bring down the phosphorus and nitrogen content in excreta, thus positively impacting environment by reducing pollution.
Dry animal feed enzymes market size is estimated to register over 60 kilotons by 2024. Superior thermal stability in fodder processing, ease of handling and advanced enzyme activity has increased product preference over liquid based additives. Dry formulation is available in pellet and powder form.
Asia Pacific is the fastest growing region with 7.5% CAGR up to 2024. Rising meat consumption, increasing disposable income along with awareness about livestock diseases are the key factors driving the animal feed enzymes market
Global industry share is highly competitive due to presence of regional and local manufacturers. Some of the key industry participants are BASF, Danisco, Rossari Biotech, Beldem, Alltech, Shenzhen Leveking Bio-Engineering, Adisseo AB Vista, Novozymes and Kemin.
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Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Animal feed enzymes market 3600 synopsis, 2013 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Form trends
2.1.4. Livestock trends
2.1.5. Regional trends
Chapter 3. Animal Feed Enzymes Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin analysis
3.3.3. Vendor matrix
3.4. Global feed additives market outlook (Parent market overview)
3.4.1. Trends
3.4.2. Feed additives industry analysis & forecast 2015 - 2024
3.5. Regulatory landscape
3.5.1. U.S
3.5.2. Europe
3.5.3. China
3.5.4. India
3.5.5. MEA
3.6. Technology landscape
3.6.1. Current animal feed enzymes production procedures overview
3.6.2. Formulation of animal feed enzymes
3.6.3. Quality checking
3.6.4. Storage
3.7. Trade statistics
3.7.1. Net import
3.7.2. Net export
3.8. Raw material trends
3.9. Key buying criteria
3.10. Innovation & sustainability
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