Increasing demand in the nutrient uptake promotes the Global Feed Enzymes Market
The Global Feed Enzymes Market was worth 1.3 billion USD in 2021, and it is predicted that it will reach a valuation of 1.9 billion USD by 2026 at a CAGR of 8.1% during the conjecture period of 2021 to 2026.
Market Drivers and Restrains:
Growing need for livestock population, increase in demand for meat and dairy products in the household and hotel industries are some of the driving factors of the global Feed Enzymes market. Also, increasing instances of livestock diseases due to poor food intake and stringent government regulations are some of the driving factors of the worldwide Feed Enzymes market. However, factors such as higher inclusion rates of enzymes to have adverse effects and high cost involved for research & development investments are some of the limitations that areaffecting the growth of the Feed Enzymes market revenue rate.
In the month of February 2020, BEC feed solutions has started a new manufacturing unit to redevelop and expand its carole park location that will feature a new manufacturing plant, which was equipped with integrated technology which was unique to the premix industry.
In the month of January 2020, Nutrex BE company has invested in a completely new base of operations in Olen which is needed to develop and produce new products and further expand production capacity.
In the month of December 2019, Nutrex company collaborated with Agrimex which was a supplier of high-quality additives, premixes and raw materials.
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Report is segmented as:
The Feed Enzymes is segmented according to type, livestock, source and farm. By type, the market is segmented into Physate, carbohydrase, protease, lipase, mannanase, galactosidace. By livestock, the Feed Enzymes market is segmented into poultry, swine, ruminants, aquatic animals, equine and pets. By source, the market is segmented into microorganism, plant and animal. By farm, the Feed Enzymes market is segmented into dry and liquid.
Asia Pacific holds the major share of the market of Feed Enzymes owing to the factors such as presence of a large livestock population and the increase in the number of feed mills in this area. This region is also supposed to hold the dominance of the market during the conjecture period.
Impact of COVID-19 on Feed Enzymes Market
Due to coronavirus pandemic, all the industries impacted a lot but there is no significant impact especially on the global operations and supply chain of the feed enzymes. As per the analysis, the Feed Enzymes market is estimated to increase the market growth in the next few months with all the companies have already started their businesses as the lockdown situation has been relaxed in several countries and with the rising need for digital products.
Key market players:
Major players of Feed Enzymes market are Bluestar Adisseo Co., Ltd. (China), Cargill, Incorporated (US), BASFSE (Germany), DuPont (US), Koninklijke DSM NV (Netherlands) and Kemin Industries, Inc
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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