According to the report “ Feed Enzyme market by type (Carbohydrase, Phytase, others), by type of animals (Ruminant, Swine, Poultry, Aquaculture and other) and by Region –Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) “, published by Market Data Forecast, the global market is projected to reach USD 118.25 Billion by 2021, at a CAGR of 6.7% from 2016 to 2021.
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Feed enzymes are artificial feed additives that are added for supporting animal growth and for controlling infectious diseases prevalent in animals. It is an effective substitute to achieve optimum feed efficiency. They accelerate biochemical reactions that help improve the nutritional value and quality of feed. Feed enzymes play a crucial role in animal and agricultural industries.
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High per capita consumption of meat and consumer demand for nutrition rich meat products, increasing awareness about safety and quality of meat are driving the feed enzyme market globally. There is a lot of opportunities in the regions where animal farming is prevalent where the demand for animal feed will be very high.
The Global market for feed enzymes is segmented on the basis of type and animals as following:
By Type of ingredient
Geographically, the market for Feed Enzyme is segmented as below:
- North America
- Latin America
- Middle-East and Africa
Major companies in the market are DuPont, DSM, BASF Corporation, Alltech, Novozymes and Adisseo France. Other Major players in the market are AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd and Sunson Industry Group Company Limited.
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