Animal Feed Enzymes Market Competitive Landscape and Growth by 2032

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Animal Feed Enzymes Market to at over 6.5 CAGR
from 2023 to 2032 Global Market Insights, Inc.
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Overview of Animal Feed Enzymes Market

• Animal Feed Enzymes Market is expected to
  showcase lucrative growth through 2032, owing to
  a rising inclination towards healthy livestock.
  In addition, the benefits of animal feed enzymes
  such as optimized gut health, constant growth,
  and improving overall health are becoming
  prominent as more research studies are being
  conducted.
• The animal feed enzymes industry is projected to
  observe hinderance due to the lack of
  standardized regulatory guidelines. However, the
  increasing efforts by animal feed enzyme
  manufacturers to develop efficient and innovative
  products will add impetus to the market expansion
  during 2023-2032.
• The competitive landscape of animal feed enzyme
  industry is highly intact. As a result, the
  leading players operating in the industry are
  rigorously working on strategic efforts, such as
  RD investments, mergers, acquisitions,
  partnerships, and new product launches, to
  increase their market share.

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• To cite an instance, in 2021, Novozymes obtained
  a majority share in Synergia Life Sciences Pte.
  Ltd., a well-recognized name in the vitamin K2-7
  and spore probiotics fields. The acquisition
  would enable Novozymes to strengthen its position
  in functional foods and human health, adding
  strong developing and manufacturing capabilities
  in vitamin K2-7 and spore probiotics.
• Overall, the animal feed enzymes industry is
  segmented in terms of product, form, livestock,
  and region.
• Considering the product, the protease market was
  valued at over USD 220 million in 2022 and is
  slated to hold a considerable share through 2032
  end. Key factors such as improving digestion,
  decreasing inflammation, promoting healing,
  speedy recovery, being helpful in irritable bowel
  syndrome, and ability to reduce muscle soreness
  will propel the product demand by 2032.
• Based on form, the liquid form segment is
  anticipated to exhibit over 7 CAGR by 2032 end.
  The growth can be attributed to the rising
  preference for the gel or paste enzymes, owing to
  its high premixing ability with the feed.

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• By livestock, the poultry segment is slated to be
  valued at over USD 1.4 billion by 2032, owing to
  the rising adoption of enzymes in the poultry
  sector. In recent times, poultry feeds have
  gained more acceptance by producers as they
  enable them to benefit from several advances in
  enzyme technology in today's competitive and
  challenging market.
• Regionally, the Asia Pacific animal feed enzymes
  industry is anticipated to depict over 6.5 CAGR
  by 2032. The growth can be attributed to rising
  meat consumption as a protein source. In
  addition, the rising threat of diseases in
  livestock has resulted in the demand for an
  effective solution for livestock, thus
  stimulating industry growth.
• Notable participants in the Animal Feed Enzymes
  market include BASF, Lumis Biotech, Lonza Group,
  Chr. Hansen A/S, Novus International, AB Enzymes,
  Novozymes, Adisseo, Enzyme Innovation and Royal
  DSM N.V.

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