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Global feed enzymes growth, trends and forecasts in the market until 2025 – the market sees growing demand for animal proteins
Dublin, 01 February 2021 (GLOBE NEWSWIRE) – The report “Feed Enzymes Market – Growth, Trends and Forecasts (2020 – 2025)” has been added to the offer of ResearchAndMarkets.com. The global nutrition sensor market is expected to register a CAGR of 7.3% during the forecast period. Rising awareness, increasing demand for animal nutrition and the ban on antibiotics in many regions have prompted livestock industry and meat producers to use supplementary feed, which is expected to drive the global food enzyme market. for many governments around the world, especially in North America and Europe. Animals often stand in their own waste and are under constant pressure, affecting their immune system, making them susceptible to infections. Asia-Pacific is emerging as one of the fastest growing markets for feed enzymes and is mainly driven by the presence of a large livestock population (FAO 2017) as well as an increasing number of feedlots. These above trends attract more players to enter the feed enzyme market. Feed enzymes can be appropriate complementary strategies to maintain bowel function and ensure their productive performance during coccidiosis infections. However, the outbreak of the Covid-19 pandemic led to the disruption of the supply chain that was in short supply. This slightly affected the feed enzyme market. Significant market trends Growing demand for animal proteins Dairy production is one of the few sectors that has seen growth in all regions, mainly due to the increasing consumer demand for dairy products, such as milk, probiotics, cheese, yogurt, and others. The European Union is one of the largest dairy markets in terms of volume consumption. Thus, milk production in the European region grew by an average of 2%. The United States, China and India are the largest producers of ruminant feed, due to the presence of a large number of cattle and other ruminants, and the high demand for milk and meat products. According to the Alltech Feed Survey, for example, in 2018, the United States produced 19 million tons of compound feed for dairy cattle and 21 million tons for beef cattle. This makes the United States the largest market for feed enzymes dedicated to milk and beef. The increasing production of dairy feeds, together with the demand for high quality dairy products, has created a significant demand for fibrous enzymes, such as phytases, which will help the poultry animals to have a better digestibility for different mixtures of feeds. Ingredients, such as maize / soy flour. Asia-Pacific is the largest market The Asia-Pacific market is expected to register a high CAGR during the study period. As China and India are a larger market in the Asia-Pacific region, their larger population is one of the most important factors for Asia-Pacific as the largest market in the world. In the two main economies, China and India, an estimated 7,200 feed mills are produced, producing nearly 227 million tonnes of compound feed. China contributes up to 18% of global mixed feed production. The higher demand and production of compound feeds in the countries is expected to give impetus to the feed enzyme market in the Asia-Pacific region. While the feed and animal production industry, mainly broilers and pigs, continues to develop at a faster pace in China, the feed mill companies are actively seeking innovations in feed enzymes that add value to the growing livestock sector in the country. In June 2016, for example, Kemin Industries partnered with CRVAB Biotechnology Co. Ltd., an enzyme producer, came to expand their ingredient supply, especially in feed enzymes for the growing livestock industry in the country. Competitive landscape The market analyzes indicate that the market studied has been consolidated. , with major companies such as Royal DSM NV, BASF SE, Dupont de Numerous Inc., Alltech Inc., and Adisseo dominating the market. The players in the market exploit the potential of the market through various activities including acquiring other companies, investing in their R&D facilities, and so on. Key topics: 1 INTRODUCTION2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS 4.1 Overview of the market 4.2 Market drivers 4.3 Market constraints.4 Porter’s Five Forces Analysis5 MARKET SEGMENTATION5.1 Animal type5.2 Type5.3 Geography6 COMPETITION6 COMPETITION6 COMPETITION FUTURE TRENDS8 IMPACT OF COVID-19 ON THE MARKETS DuPont de Nemours Inc.BASF SEK Royal DSM NVAdisseoAlltech Inc.Novus International Inc.Kemin Industries Inc.Biovet Joint Stock CompanyBio-Cat Visit https://www.researchandmarkets.com/r/ubks1r ResearchAndMarkets.comResearchAndMarkets .com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. 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