Press release
Feed Enzymes Market Reached USD 1.6 billion in 2021, forecast to touch USD 2.9 billion in 2029, and registering a CAGR of 7.8% | Size, Share, Growth Report
Feed Enzymes Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/feed-enzymes-market/
The factors driving the growth of Feed Enzymes Market includes rising concerns related to animal's health, emerging need to enhance cattle's performance, increasing consumption of animal derived products such as meat, eggs and dairy products and improvements in the living standards. According to the report published by Statista, the revenue generated from the sales of egg products in the Indian market is expected to reach USD 5.75 billion by the end of 2022, growing at a CAGR of 13.02% over the forecast period (2022-2027), which will accelerate the Feed Enzymes Market size in the coming years. Moreover, rise in the livestock population, growing demand for naturally produced feed and feed additives, technological innovations in the production of phytase and increasing trend of using enzymes as feed additives instead of antibiotics and rapid urbanization, are some of the additional factors supplementing the Feed Enzymes Market Growth. In addition, the increasing investments by leading players on research and development and rising disposable incomes, are further contributing towards the market growth
However, growth of the Feed Enzymes Market is hindered due to complexities in hydrolysis process of cellulose and strong inclusion rate of enzymes.
The leading players operating in the market are Kemin Industries, Inc., Associated British Foods plc, Advanced Enzyme Technologies, Cargill, Incorporated, BASF SE, DowDuPont, Novus International, Inc., Novozymes A/S, Bluestar Adisseo Co. and Koninklijke DSM N.V., among others.
Based on Type, the Phytase segment is predicted to grow at a significant CAGR during the forecast period
Phytase improves bone health, helps in gaining bodyweight and enhances digestive efficiency in animals along with rise in the launch of innovative products, are some of the factors responsible for the segment's growth.
Based on Source, the Microorganism segment is projected to expand at a robust CAGR over the forecast period
As per the Food Enzymes Market Trends, increasing application of microorganisms in the production of enzymes and technological innovations in genomics and metagenomics techniques, are propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period
Rise in the livestock population across India, Vietnam, and China, growing consumption of meat products, rapid urbanization, technological innovations in feed enzymes techniques, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the Feed Enzymes Market share in Asia-Pacific region.
Key Developments
In 2021 - Danisco Animal Nutrition planned to expand the industry-leading novel phytase enzyme, Axtra PHY GOLD, across Malaysia, Thailand, and Australia.
In 2019, BASF developed Natuphos® E phytase enzymes for the feed industry in Indonesia. Natuphos E phytase enzymes focus on enhanced utilization of various nutrients, thus making livestock cost-effective and environment friendly.
Market Segmentation
Segmentation by Function
Performance Enhancement
Feed Efficiency
Segmentation by Type
Phytase
Protease
Carbohydrase
Xylanase
Amylase
Cellulase
Other Carbohydrase
Others
Segmentation by Source
Microorganism
Plant
Animal
Segmentation by Form
Dry
Liquid
Segmentation by Livestock
Poultry
Broilers
Turkeys
Layers
Others
Swine
Starter
Grower
Sow
Ruminants
Calves
Dairy Cattle
Beef Cattle
Others
Aquatic Animals
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Feed Enzymes Market Reached USD 1.6 billion in 2021, forecast to touch USD 2.9 billion in 2029, and registering a CAGR of 7.8% | Size, Share, Growth Report here
News-ID: 2804106 • Views: …
More Releases from GMI Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Enzyme
Enzyme Replacement Therapy Market: Advancing Treatment for Inherited Enzyme Defi …
The Enzyme Replacement Therapy Market at a global level was worth USD 10.1 Billion in 2022 and is anticipated to expand to USD 20.6 Billion by 2032, experiencing a CAGR of 7.6% during the forecast period of 2023-2032.
The Enzyme Replacement Therapy (ERT) Market stands at the forefront of medical innovation, offering transformative treatment options for individuals with inherited enzyme deficiencies. Enzyme replacement therapy involves the infusion of artificial enzymes into…
Anti-Inflammatory Activity Enzyme and Protease Enzyme | Pearlzyme Inc
Pearlzyme Inc. focuses on boosting animal immune systems against infection and increasing milk lactation with anti-inflammatory activity enzymes. Also enzyme feed additives demonstrates a commitment to improving animal health and productivity. By developing innovative products, the company aims to provide effective solutions to its customers.
Pearlzyme Inc is committed to sustainable development and reducing environmental impact. As an environmentally conscious company, it recognizes the importance of minimizing its footprint and contributing…
Meat Tenderizing Agents Market 2018 Flourishes with International Prestigious Pl …
Market Overview:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Meat Tenderizing Agents Market 2018 Flourishes with International Prestigious Pl …
Market Overview:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Meat Tenderizing Agents Market Global Leader | Enzyme Bioscience Pvt. Ltd, AB En …
Market Overview:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Enzymes in Biofuel Market Research Report 2018 | Biofuel Enzyme, Schaumann Bioen …
Researchmoz added Most up-to-date research on "Global Enzymes in Biofuel Market Research Report 2018" to its huge collection of research reports.
This report studies the global Enzymes in Biofuel market status and forecast, categorizes the global Enzymes in Biofuel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The…
