The global Feed Enzymes Market was valued at USD 938 million in 2016 and is projected to reach USD 1820.05 million by 2025, growing at a CAGR of 9.0% from 2017 to 2025. Feed enzymes demand is expected to remain high over the forecast period owing to growing demand for animal feed. Enzymes are naturally derived and there are no side effects involved owing to which the demand is expected to remain high. The growing meat production is expected to aid market growth of feed enzymes.
The major players in the market are as follows:
Lesaffre, BASF, Alltech, EI DuPont De Nemours, Bio-Cat, Associated British Foods PLC, Rossari Biotech Ltd., Koninklijke DSm NV, Novus International, Azelis Holdings SA, Adisseo France
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
1. Market Drivers
1.1 Growing consumption of animal based products
1.2 Rising costs of animal feed
2. Market Restraints
2.1 Regulatory structure and intervention
2.2 Thermostability of enzymes
The global Feed Enzymes Market is segmented on the type, livestock, form, source and region.
1. By Type:
2. By Livestock:
2.1 Aquatic Animals
3. By Source:
4. By Form:
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
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