Published on : Dec 28, 2017
Albany, New York, December 28, 2017: Feed enzymes have become an important tool to increase the nutritional value of feed ingredients, reduce feed costs, improve the environment, all while maintaining or improving animal performance. In the present time, rising prevalence of food-borne diseases and zoonotic diseases has led to an upsurge in demand for the animal feed additives. Also, manufacturers are increasingly adopting nanotechnology in order to boost production of feed enzyme. Due to these factors, the global animal feed enzymes market is expected to grow positively. Market Research Hub (MRH) has freshly announced the inclusion of a new study to its wide repository, which is titled as “Animal Feed Enzymes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”. This 170-pages study provides a complete perspective on global tropical fruit puree market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR.
The geographical segmentation is also included in the report which analyzes the scope of the market in different regions including Latin America, Japan, North America, MEA, Europe and APEJ. The report reveals an in-depth insight on crucial aspects of the global animal feed enzymes market and further provides information on related to the competitive landscape, factors fueling growth of the global market, important segments and growth pattern,
As per the research key findings, the global animal feed enzymes market is expected to represent a value of over US$ 2,100 Mn by the end of 2026. The growth is primarily attributed to increased production of the livestock such as poultry, fish and pigs.
Key Dynamics Highlighted in the Study
The growth of the global animal feed enzymes market is mainly bound by various macro-economic and micro-economic factors. It has been clearly stated in the report that, nowadays, there has been an increasing demand to improve quality of the product and keep the energy values and metabolism rate, which has fueled sales of the animal feed enzymes significantly.
As mentioned earlier, the prevalence of the food-borne disease will continue to impact the global market growth of animal feed enzymes significantly. Zoonotic diseases including avian flu have revved up sales of the animal feed additives.
Increasing investment in the aquaculture will continue to impact the global market growth of animal feed enzymes attributed to increasing demand for fish as staple food. Such factors are projected to accelerate demand for the animal feed enzymes in the global market.
In terms of product type, the proteases segment is projected to register a robust CAGR throughout the forecast period. However, the carbohydrases product type segment is projected to witness the highest revenue growth through 2026.
In order to provide users of this report with a comprehensive view of the market, analysts have included detailed competitiveness analysis and company players with their SWOT analysis and strategic overview. Key players in the global animal feed enzymes market include BASF SE, E. I. Du Pont De Nemours and Company, Novozymes, Azelis Holdings SA, Novus International, Inc., Associated British Foods PLC, Bio-Cat, Alltech Inc., Rossari Biotech Ltd and Lesaffre.
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