Animal Feed Enzymes Market trends research and projections for 2017-2024 - PowerPoint PPT Presentation

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Animal Feed Enzymes Market trends research and projections for 2017-2024

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Animal Feed Enzymes Market size was worth over USD 1.1 billion in 2016 and will cross 80 kilotons by 2024. Get more details @ – PowerPoint PPT presentation

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Title: Animal Feed Enzymes Market trends research and projections for 2017-2024


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Animal Feed Enzymes Market trends research and
projections for 2017-2024
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Animal Feed Enzymes Market
  • The growth graph of Animal Feed Enzymes Market is
    forecast to display an upward trend over the
    coming years, owing to the growing consumer
    preference for nutritious diet along with a
    substantial rise in the disposable incomes across
    emerging economies.
  • According to the OECD (Organization for Economic
    Co-operation and Development), the average meat
    intake per individual across the globe is nearly
    75 pounds in a year. This figure is an indication
    of the growing product popularity across the
    world. Global Market Insights, Inc., claims that
    animal feed enzymes industry revenue, which was
    estimated at USD 1.1 billion in 2016, is
    anticipated to surpass USD 2 billion by 2024.

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Continued...
  • Asia Pacific animal feed enzymes market, which
    collected a revenue of more than USD 220 million
    in 2016, is predicted to grow at the highest rate
    of 7.5 over the coming timeline. Growing
    consciousness regarding livestock diseases
    coupled with the rapidly flourishing dairy sector
    is predicted to contribute considerably toward
    the regional share. High intake of meat across
    the regions such as China, Japan, and India are
    expected to push the product demand.
  • Animal feed enzymes of high nutritional value
    have the ability to improve the livestock health,
    owing to which they are fed to ruminants, pigs,
    and fish. Aquaculture animal feed enzymes market
    is forecast to grow at an annual rate of 7.5
    over the coming timeline. The ever-expanding
    fishing sector is expected to favorably influence
    the business space. Poultry, which produced a
    revenue of more than USD 500 million in 2016, is
    expected to make substantial contributions toward
    animal feed enzymes market share. Rising demand
    for eggs and meat owing to its high protein
    contents will steer the industry growth.

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

5

Browse Full Market Research Report On Animal
Feed Enzymes Market _at_ https//goo.gl/7exeRU Reque
st for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/1824
6
360 Analysis
  • Application Trends
  • Protease animal feed enzymes industry, which
    produced a revenue of more than USD 150 million
    in 2015, is projected to witness a tremendous
    surge over the next few years. Escalating product
    need as a protein digesting molecule will fuel
    the industry growth.
  • 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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