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Feed Carbohydrase Global Market 2024 - Key Drivers, Growth Factors, Technological Development And Forecast To 2033
Feed Carbohydrase Global Market
According to The Business Research Company's, The feed carbohydrase market size has grown strongly in recent years. It will grow from $3.4 billion in 2023 to $3.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased focus on feed efficiency, regulatory approvals, awareness and education, demand for cost-effective solutions, expansion in livestock production.
The feed carbohydrase market size is expected to see strong growth in the next few years. It will grow to $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising demand for animal protein, shift towards sustainable agriculture, focus on animal health and welfare, regulatory support for feed additives, expansion of livestock and poultry industries. Major trends in the forecast period include precision nutrition solutions, customized enzyme blends, technological advancements in enzyme development, expansion in aquaculture sector, application in non-conventional feed sources.
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Market Drivers and Trends:
The rising meat consumption is expected to propel the growth of the feed carbohydrase market going forward. Meat consumption refers to the amount of meat that is consumed by humans for food. This includes meat from various sources, such as beef, pork, poultry, and fish. Feed carbohydrases are used in meat production to improve the nutritional value and digestibility of animal feed. By breaking down complex carbohydrates in the feed into simpler sugars that can be more easily absorbed and digested by the animal. Therefore, these factors boost the feed carbohydrase market. For instance, in March 2021, according to the reports shared by the Humane League., a US-based nonprofit organization, over 30 million metric tons of meat was produced annually in the US, an increase of 184 percent. Furthermore, according to Sentient Media., a US-based nonprofit news organization, in 2020, each American consumed 96.4 pounds of broiler chicken, and by 2030, Americans are anticipated to consume 101.1 pounds of broiler chicken per person. Therefore, rising meat consumption is driving the feed carbohydrase market.
Product innovation is a key trend gaining popularity in the feed carbohydrase market going forward. Major companies operating in the feed carbohydrase market are developing innovative products to strengthen their position in the market. For instance, in December 2021, BASF SE., a Germany-based chemicals company, launched Natupulse TS for animal feed, which is a non-starch polysaccharide (NSP) enzyme. This innovative enzyme product enhances nutrient digestion and increases the sustainability and cost-effectiveness of feed. It makes it easier for animals to digest and absorb nutrients. This leads to improved feed efficiency, which can help reduce feed costs and improve animal productivity. Additionally, Natupulse TS can help improve gut health by reducing the amount of undigested carbohydrates in the animal's digestive system. This can help reduce the risk of digestive disorders and improve overall animal health and well-being.
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Major Key Players of the Market:
DuPont de Nemours; Koninklijke DSM N.V.; Novozymes A/S; Amano Enzyme Inc.; Associated British Foods plc; Badische Anilin- und Sodafabrik; Specialty Enzymes & Probiotics; BIO-CAT Inc.; Chr. Hansen Holdings A/S; Advanced Enzyme Technologies; AB Enzymes GmbH; Amorvet; BEC Feed Solutions Pty Ltd.; Novus International Inc.; Biovet Joint Stock Company; Biocatalysts Ltd.; Enzyme Development Corporation; Kerry Group; Jiangsu Boli Bioproducts; Puratos Group; Aumgene Biosciences; Brenntag; BioResource International Inc.; Lesaffre; Canadian Bio-Systems; Cargill Incorporated; Kemin Industries Inc.; Bluestar Adisseo Company; Roal Oy; Shandong Longda Bio-Products Co. Ltd.
Feed Carbohydrase Market 2024 Key Insights:
• The feed carbohydrase market will grow to $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Surging Meat Consumption Fuels Growth In Feed Carbohydrase Market, Meeting Nutritional Demands In Animal Feed
• Basf Introduces Natupulse Ts Innovative Enzyme Driving Efficiency And Health In Animal Feed
• Asia-Pacific was the largest region in the feed carbohydrase market in 2023
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