B Enzymes GmbH, Aumgene Biosciences, BASF SE, Chr. Hansen Holding AS, Enmex, International Flavors and Fragrances Inc., and Koninklijke DSM NV are among the leading vendors discussed in the research
The animal feed enzymes market is expected to grow by $ 501.59 million, accelerating at a CAGR of almost 8.07% during the forecast period. The market is fragmented. This research report provides insights into the top market players and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition.
AB Enzymes GmbH, Aumgene Biosciences, BASF SE, Chr. Hansen Holding AS, Enmex, International Flavors and Fragrances Inc., Koninklijke DSM NV, Novozymes AS, Novus International Inc., and Specialty Enzymes and Probiotics are some of the major market participants.
Animal Feed Enzymes Market: Market Segments and Key Trends
The Animal feed enzymes market is segmented by Geography (APAC, Europe, North America, South America, and MEA). APAC led the market with 43% of the market growth set to originate from this region during the forecast period. A key trend driving growth is the development of new and innovative products. For instance, in October 2021, Cargill launched its poultry feed with essential oils for healthy flocks and maximized egg production. Similarly, Nutrena NatureWise formulas boost the overall wellness, happiness, and productivity of chickens.
Increasing popularity of vegan diets is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Animal Feed Enzymes Market: Top Drivers to Boost Demand
Rise in global meat consumption is one of the primary factors driving the growth of the animal feed enzymes market. According to the Organisation for Economic Co-operation and Development (OECD), the global production of meat (beef, poultry, and pork) in 2021 was 340 million tons compared to nearly 248 million in 2018. With changing lifestyles and increasing awareness about health and diet, people are consistently increasing their intake of proteins which is resulting in the increased consumption of meat products. This is leading to a proportionate increase in the requirement of animal feed from the livestock industry.
The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
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