Title: Animal Feed Enzymes Market growth outlook with industry review and forecasts
1Animal Feed Enzymes Market worth over 2bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key 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.
3Continued...
- 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.
4 U.S. Animal Feed Enzymes Market Size, By
Livestock, 2016 2024 (Kilotons)
5 Browse Full Market Research Report On Animal
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6360 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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