The constant rising demand for meat and dairy products and other major driving factors is expected to favour the rise in the global industrial enzymes for feed industry market
Reports and Insights has published a new report titled, “Industrial Enzymes for Feed Industry Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Industrial Enzymes for Feed Industry Market, By Type (Carbohydrases (Amylases, Cellulases, Lactase, Pectinase, Hemicellulase, Others), Proteases, Lipases, Phytases, Others), By Source (Plant, Animal, Microorganisms (Bacteria, Fungi, Yeast)), By Formulation (Solid, Liquid) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global industrial enzymes for feed industry market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
In the present times, livestock operators need more proficient utilization of substandard feedstuffs owing to growing economic pressures. As a matter of fact, an animal’s digestive system is not entirely efficient. Poultry and swine are not able to digest roughly about one fourth of the nutriment they are fed as the feed constituents comprise non-degradable injurious constituents that hamper animal’s digestive method and/or the animal is deprived of the essential enzymes required to downgrade particular composites in the feed. Adding enzymes in the feed nutriment as supplementation improved its nutritive value, therefore elevating the efficacy of digestion. The industry enzymes in the animal feed assist in breakdown of gullible factors (such as, phytate, fiber) that are organically occurring in different feed ingredients. Owing to said factors, the global industrial enzymes for feed industry market is projected to rise significantly in the forthcoming years.
Other than that, factors like swift surge in the feed production all across the world attributing to the growing demand and consumption of milk, meat, and eggs among the population further inducing industrialization of the livestock industry, is further estimated to boost the market growth of industrial enzymes for feed industry in the following years. Moreover, the increasing feed production is also strongly endorsed by encouraging government regulations, which, in turn, generates a constant demand for supplements that can be accumulated to animal feed for enhancing the quality of animal-sourced products. Such factors are further estimated to offer major growth to the global industrial enzymes for feed industry market in the coming years.
Reports and Insights Study identifies some of the key participating players in the industrial enzymes for feed industry market globally are Koninklijke DSM N.V., F. Hoffmann-La Roche AG, AB Enzymes GmbH, Advanced Enzyme Technologies Ltd., Sigma-Aldrich Corporation, Adisseo France SAS, AEB Africa (Pty) Ltd., Zymetech ehf, Enzymatica AB, Novus International, Inc., Bioresource International, Inc., Biocatalysts Limited, Lesaffre et Compagnie, SA, Qingdao Vland Biotech Co., Ltd., Aum Enzymes, Novozymes A/S, Nature Bioscience Pvt.Ltd., E. I. DuPont De Nemours and Company, BASF SE, Dyadic International Inc., Chr. Hansen Holding A/S among others.
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