Animal Feed Enzymes Market growth outlook with industry review and forecasts

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Animal Feed Enzymes Market worth over 2bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Animal Feed Enzymes Market

• Global animal feed enzymes market share was led
  by poultry, accounting for more than 40 in 2016.
  Minimizing antinutritive components and improving
  energy value of fodder promotes the weight gain
  in poultry.
• Phytase animal feed enzymes market is anticipated
  to grow around 6.5 up to 2024. High phosphorus
  content improves livestock metabolism and
  reproduction. Additionally, increasing fodder
  consistency and enhancing livestock production
  will drive the industry growth.
• Protease market was valued over USD 150 million
  in 2016. Increasing product consumption as
  protein digesting molecule is gaining high
  importance particularly in poultry and pigs.
  Enhancing proteins that bind starch within forage
  ingredients makes more of starch energy available
  to the livestock.

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Continued...

• Dry animal feed enzymes market size is estimated
  to register over 60 kilotons by 2024. Superior
  thermal stability in fodder processing, ease of
  handling and advanced enzyme activity has
  increased product preference over liquid based
  additives. Dry formulation is available in pellet
  and powder form.
• Asia Pacific is the fastest growing region with
  7.5 CAGR up to 2024. Rising meat consumption,
  increasing disposable income along with awareness
  about livestock diseases are the key factors
  driving the animal feed enzymes market.
• Global industry share is highly competitive due
  to presence of regional and local manufacturers.
  Some of the key industry participants are BASF,
  Danisco, Rossari Biotech, Beldem, Alltech,
  Shenzhen Leveking Bio-Engineering, Adisseo AB
  Vista, Novozymes and Kemin.

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U.S. Animal Feed Enzymes Market Size, By
Livestock, 2016 2024 (Kilotons)

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360 Analysis

• Application Trends
• Implementation of innovative husbandry practices,
  industrialization of meat industry and growing
  awareness about quality of dairy products
  consumed will propel industry growth. These are
  added by farmers in the fodder to maintain
  appropriate nutrient level in the meals.
• Regional Trends
• Europe, led by Spain animal feed enzymes market,
  is foreseen to witness a significant gain at over
  6 up to 2024. Presence of large end-use market
  along with strong distribution channel network
  has driven the industry growth.
• Competitive Market Share
• Animal feed enzymes market share is highly
  competitive in nature due to the presence of
  numerous local manufacturers. Key industry
  participants include BASF, Duo Point, Chr Hansen
  Holding A/S, DSM N.V., Foodchem International,
  Novozymes, ENMEX, Flavorchem Corporation, DD
  Williamson Co., BioExtract and Nutralliance.

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