Animal Feed Enzymes market
The Global Animal Feed Enzymes market was estimated at USD 1.30 billion in 2021, and is anticipated to reach USD 1.82 billion by 2028, growing at a CAGR of 4.85%.
Animal feed enzymes are catalysts or chemicals which are released by cells to accelerate the rate of specific chemical reactions. Animal feed enzymes are added to animal feeds and released in the digestive tract for the purpose of food digestibility. They are used as tools by livestock manufacturers for enhancing the nutritive value of feed components, prevent environment degradation along with reducing feed costs.
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The global Animal Feed Enzymes market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Animal Feed Enzymes market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
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Leading Key Players Covered in Animal Feed Enzymes market:
- Enzyme Innovation (US)
- BASF SE(Germany)
- Bioresource International Inc. (US)
- Eukaryotic Biologicals Pvt Ltd (India)
- Nutrex BE (Central Florida)
- AB Enzymes GmbH (Germany)
- Koninklijke DSM (Netherlands)
- DuPont (US)
- Hansen Holding a/s (Denmark)
- Novozymes (Denmark)
- Aum enzymes (India)
- Caprienzymes (India) and Others Major players
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These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
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Segmentation of Animal Feed Enzymes market:
By Type:
- Cellulase
- Proteases
- Phytases
- Alpha-Amylase
- Carbohydrase
- Non-Starch Polysaccharides
- Others
By Source:
- Animal
- Microorganisms
- Plant
Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
COVID-19 Impact on Animal Feed Enzymes Market
The animal feed enzymes market consists of main Tiers I and II suppliers such as Cargill, Incorporated, Bluestar Adisseo Co., Ltd., BASF SE, Koninklijke DSM NV, and DuPont. These suppliers have their production units spread over various economies across the Asia Pacific, Europe, North America, South America, and the rest of the world. COVID-19 outbreak has impacted their work as well. However, this pandemic situation has influenced their work as well, there is no significant impact on the global operations and supply chain of their feed enzymes. Various production facilities of players are still in operation. For instance, in April 2020, BASF SE decided to wind up its “smart Verbund project,” which was in the beginning phase with a planned investment of around USD 10 billion.
Key Benefits for Industry Participants & Stakeholders:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Animal Feed Enzymes Market
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