According to a new market report by Lucintel, the future of the feed enzyme market looks promising with opportunities in various segments. The feed enzyme market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increase in production/consumption of animal-based products, high cost of feed in livestock farming, ban on antibiotics as growth promoters, and positive impact on the environment.
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In this market, microorganism, plant, and animal are the major sources of feed enzyme. Within this market, phytase, protease, and carbohydrase (xylanase, amylase, cellulase, â-glucanase, and others) are the major types of feed enzyme. Phytase is the largest type segment. Liquid form and dry form are the major form of the feed enzyme market.
Asia Pacific will remain the largest market over the forecast period due to increase in need for food security, high investment in R&D, and change in farming practices.
BASF SE, Dowdupont, Associated British Foods plc, DSM, and Adisseo France SAS are among the major manufacturers of feed enzymes. Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the feed enzyme market by source, form, type, livestock, and region. Lucintel has prepared a comprehensive research report entitled "Feed Enzyme Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the feed enzyme market by source, form, type, livestock, and region as follows:
By Source [$M shipment analysis for 2013 – 2024]:
Microorganism (bacteria and fungi)
Plant
Animal
By Form [$M shipment analysis for 2013 – 2024]:
By Type [$M shipment analysis for 2013 – 2024]:
Phytase
Protease
Carbohydrase (xylanase, amylase, cellulase, â-glucanase, and others)
By Livestock [$M shipment analysis for 2013 – 2024]:
Ruminants
Swine
Poultry
Aquatic Animals
Others (equine and pets)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Rest of the World (RoW)
Middle East
South Africa and South America
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/feed-enzyme-market.aspx or helpdesk@lucintel.com.
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