Animal Feed Enzymes Market to Exhibit a Decent CAGR of 8.6by 2032

The valuation of the global animal feed enzymes market was USD 1.9 billion in 2021. It is anticipated to register a CAGR of 8.6% in the coming years.

Animal feed is increasingly using enzymes. Enzymes are proteins molecules that speed up chemical reactions within the body. All tissues of the body contain enzymes, including the liver and pancreas. While some enzymes help digest food, others aid in energy production and detoxification. Animal feed enzymes are often added to enhance digestion and make nutrients more accessible for absorption. Enzymes are molecules which act as catalysts or initiators for various chemical and biological reactions. These products can be used as additives in the production of many animal foodstuffs.

Want to Brief on (Qualitative and Quantitative Data)? Download PDF@ https://market.us/report/animal-feed-enzymes-market/request-sample/

Driving factors

The United States is a major consumer of fodder additives such as vitamins, emulsifiers and enzymes. Market demand is driven by the strong presence of an established livestock industry and strict food safety regulations regarding the use of additives.

Increased consumption of meat, eggs and other dairy products. As people become more aware of their health, a shift in attitudes towards prevention can be seen. People are increasingly looking for carbohydrate-rich and protein-rich foods due to their increasing purchasing power.

A slight increase in the incidences of diseases that are associated with poultry and proliferating livestock production. This H1N1 influenza virus is more dangerous because of its animal-to-human transmission. This is why poultry and farm owners are compelled to use feed enzymes in order to protect their animals’ health.

Key Market Trends

Increasing Compound Food Production

The recent years have seen a significant and healthy increase in feed production. This was mainly due to the increased consumption of meat, eggs, and milk around the globe. Favorable government regulations support the growth in feed production. This creates a constant demand for ingredients that can add to animal feed to improve the quality of animal-sourced products.

Latest Developments

Elanco, a US-based animal healthcare company, announced on August 30, 2021 that it had acquired California-based veterinary pharmaceutical firm Kindred Biosciences. Elanco paid $444 million to Kindred Biosciences to purchase all outstanding shares at $9.25. The acquisition will also increase Elanco’s reach in the dermatology market.

China’s Bluestar Adisseo, a feed additive manufacturer based in China, announced that it had acquired FRAmelco Group, a Dutch-based feed additive company. This acquisition was made by Adisseo to further its ambition to be the market leader in animal additives. The company has three plants in Thailand, Spain, and the Netherlands. The business also generates around 30 million pounds annually.

If You Have Any Query/Inquiry Ask Our Expert: https://market.us/report/animal-feed-enzymes-market/#inquiry

Key Market Segments:

By Product

  • Carbohydrases
  • Phytases
  • Proteases
  • Other Products

By Formulation

  • Dry
  • Liquid

By Application

  • Pigs
  • Poultry
  • Ruminant
  • Pets
  • Aqua
  • Equine

Market Key Players:

  • Novozymes A/S
  • DuPont de Nemours, Inc.
  • AB Enzymes GmbH
  • Koninklijke DSM N.V.
  • BASF SE
  • Kemin Industries
  • The Soufflet Group
  • Youtell Bio Chemical Inc.
  • Other Key Players

Frequently Asked Questions About This Report

  • What are feed enzymes?
  • What is the most widely used feed enzyme for animal nutrition?
  • What are animal enzymes?
  • What is the study period of this market?
  • What is the growth rate of Global Feed Enzymes Market?
  • Which region has highest growth rate in Global Feed Enzymes Market?
  • Which region has largest share in Global Feed Enzymes Market?
  • Who are the key players in Global Feed Enzymes Market?

Have a Look at Related Reports:

Global Livestock Feed Enzymes Market Advancements Expected To Boost Revenue Growth 2022-2031

North America, Europe and South America Feed Acid Market Growing Rapidly with Revenue Assumption to 2031

Global Animal Extract Market Perceives a Fortifying Growth by 2031

Global Animal Feeds Additives Market Exhibits Higher Growth Prospects During 2022-2031

Global Animal Growth Promoter Market Evaluation of Industry Trends, Growth Drivers and Forecast To 2031

Global Industrial Enzymes Market Up-to-date Analysis of Industry Trends 2022-2031

Global Animal Nutrition Market Segments Worth Observing Aiding Growth Factors (2022-2031)

About Market.us

Market.US (Powered by Prudour Private Limited) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report providing firm.

Contact Details:

Global Business Development Team – Market.us

Address: 420 Lexington Avenue, Suite 300 New York City, NY 10170, United States

Phone: +1 718 618 4351 (International), Phone: +91 78878 22626 (Asia)

Email: [email protected]

About the author

Avatar of Linda Hohnholz

Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Share to...