PUBLISHER: TechNavio | PRODUCT CODE: 1601993
PUBLISHER: TechNavio | PRODUCT CODE: 1601993
Animal Feed Enzymes Market 2024-2028
The animal feed enzymes market is forecasted to grow by USD 686.4 mn during 2023-2028, accelerating at a CAGR of 9.3% during the forecast period. The report on the animal feed enzymes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in global meat consumption, increasing investments and focus on expanding production capabilities, and growing demand for feed enzymes owing to rising disease outbreaks in livestock.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 8.3% |
CAGR | 9.3% |
Incremental Value | $686.4 mn |
Technavio's animal feed enzymes market is segmented as below:
By Form Factor
By Geographical Landscape
This study identifies the increasing demand for natural feed enzymes as one of the prime reasons driving the animal feed enzymes market growth during the next few years. Also, product launches of animal feed enzymes and growing number of strategic partnerships and acquisitions will lead to sizable demand in the market.
The report on the animal feed enzymes market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal feed enzymes market vendors that include AB Enzymes GmbH, Adisseo France SAS, Advanced Enzyme Technologies Ltd., Aumgene Biosciences, Azelis SA, BASF SE, BIO CAT Inc., BioResource International, Cargill Inc., Chr Hansen AS, Enmex, Foodchem International Corp., International Flavors and Fragrances Inc., Koninklijke DSM NV, Lonza Group Ltd., Lumis Biotech Pvt. Ltd., Novozymes AS, Novus International Inc., and Specialty Enzymes and Probiotics. Also, the animal feed enzymes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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