Press release
Plant-Based Feed Enzymes Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | DuPont, DSM, Novozymes, AUM Enzymes, Amano Enzyme Inc.
Plant-Based Feed Enzymes Global Market
The plant-based feed enzymes market size is expected to see steady growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 2.8%. The growth in the forecast period can be attributed to increasing demand for animal protein, growing awareness of feed efficiency, regulatory support for animal health and nutrition, focus on sustainable agriculture and animal husbandry, shift towards natural and clean label products.. Major trends in the forecast period include globalization of livestock production, adoption of enzyme cocktails for feed efficiency, increased research in enzyme functionality, integration of precision nutrition in animal diets, development of multi-enzyme blends..
Market Overview -
Plant-based feed enzymes refer to enzymes that are derived from plant sources and are used as feed additives in animal nutrition. These enzymes offer various nutritional advantages and appear to solely benefit the animal by aiding in the breakdown of specific feed ingredients, including phytates, glucans, and proteins that the animal may have trouble digesting.
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Large Livestock Population Driving Growth In Plant-Based Feed Enzymes Market
A large livestock population is expected to propel the growth of the plant-based feed enzymes market going forward. Livestock population refers to the number of domesticated animals kept for food, labor, and other purposes. Plant-based feed enzymes fulfill the demand for livestock by addressing specific nutritional challenges and enhancing the efficiency of feed utilization. For instance, in February 2023, according to the UK government service website, the number of sheep and lambs in England had increased by 2.0% from 14.6 million in 2021 to 14.9 million in 2022. Therefore, the large livestock population is driving the growth of the plant-based feed enzyme market.
Competitive Landscape -
Major companies operating in the plant-based feed enzymes market report are Cargill Incorporated, BASF SE, Associated British Foods Plc, DuPont, DSM, Novozymes, Bluestar Adisseo Co. Ltd., Chr. Hansen Holding A/S, Kemin Industries Inc., Novus International Inc., Huvepharma, Advanced Enzyme Technologies, Bestzyme, Maxgrow Biotech Pvt. Ltd., Xike Biotechnology Co. Ltd., Amano Enzyme Inc., Aumgene Biosciences, AUM Enzymes, Jiangsu Boli Bioproducts Co.Ltd., Antozyme Biotech, Beijing Smistyle Sic. &Tech. Development Co. Ltd., XD BIOCHEM, Biolaxi Corporation, Lee BioSolutions, Calzyme Inc.
Innovative Product Launches Shape The Landscape Of Plant-Based Feed Enzymes Market
Product innovation is a key trend gaining popularity in the plant-based feed enzymes market. Major companies operating in the plant-based feed enzymes market are developing innovative products to sustain their position in the market. For instance, in December 2021, BASF, a Germany-based chemical company, launched Natupulse TS, an innovative feed enzyme to unlock valuable nutrients from soybean meal and other plant-derived protein sources in commercial diets. It has non-starch-polysaccharide (NSP) enzymes such as beta-mannanase, which aids in improving the energy digestibility of nutrients, making the feed more cost-effective and supporting more sustainable animal protein production.
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Key Segments -
The plant-based feed enzymes market covered in this report is segmented -
1) By Type: Phytase, Protease, Carbohydrase
2) By Form: Liquid, Dry
3) By Livestock: Ruminants, Swine, Poultry, Aquatic animals, Pets, Horses
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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