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Global Food Enzymes Market Growth, Trends and Forecast to 2025 – The market sees increasing demand for animal protein
Dublin, February 1, 2021 (GLOBE NEWSWIRE) – The “Feed Enzymes Market – Growth, Trends and Forecasts (2020-2025)” report has been added to the offering of ResearchAndMarkets.com. The global food enzymes market is expected to register a CAGR of 7.3% during the forecast period. Growing awareness, growing demand for animal nutrition and the ban on antibiotics in many regions is pushing the livestock industry and meat manufacturers to use additional nutrients in animal feed, which is expected to boost the global food enzymes market. for many governments around the world, especially in North America and Europe. Animals are often found in their own waste and are under constant stress, which affects their immune systems, making them prone to infections. Asia-Pacific is emerging as one of the fastest growing markets for food enzymes and is mainly driven by the presence of a large herd (FAO 2017) as well as a growing number of food factories. These aforementioned trends are prompting more players to enter the food enzymes market. Food enzymes may prove to be suitable additional strategies for maintaining bowel function and ensuring their productive performance during coccidiosis infections. However, the outbreak of the Covid-19 pandemic has resulted in a disruption in the supply chain resulting in a supply shortage. It has slightly affected the food enzymes market Key Market Trends Growing Demand for Animal Protein Animal feed production is one of the few industries that has experienced growth in all regions mainly due to increasing demand consumers 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, the production of dairy foods has increased on average by 2% in the European region. The United States, China and India are the largest producers of ruminant feed, due to the presence of large numbers of cattle and other ruminants, and the high demand for milk and products. meat. For example, according to Alltech Feed Survey, the United States produced 19 million metric tonnes of compound feed for dairy cattle and 21 million metric tonnes for beef cattle in 2018. This makes the United States the largest market. food enzymes dedicated to dairy and bovine products. The growing production of dairy feed, coupled with the growing demand for high-quality dairy products, has created a substantial demand for high-fiber enzymes, such as phytases, which will help poultry improve the digestibility of several mixtures of milk. food. ingredients, such as corn / soybean meal. Asia-Pacific is the largest market The Asia-Pacific market is expected to register a high CAGR during the study period. With China and India being a larger market in the Asia-Pacific region, their larger population is one of the main factors for Asia-Pacific to remain the largest market in the world. In the two largest economies, China and India, there are an estimated 7,200 feed mills producing nearly 227 million metric tonnes of compound feed. China contributes almost 18% of the world production of compound feed. The higher demand and production of compound feed in the countries is expected to boost the food enzymes market in the Asia-Pacific region, as the feed and animal production industry, mainly chickens from meat and pigs, continues to evolve at a faster rate in China. , the feed mill companies are actively seeking innovations in food enzymes that add value to the country’s growing livestock sector. For example, in June 2016, Kemin Industries came into partnership with CRVAB Biotechnology Co. Ltd, an enzyme producer, to expand its ingredient offering, particularly in food enzymes for the rapidly growing livestock industry. country growth.Competitive landscape Market analyzes indicate that the studied market is consolidated. , with large companies, such as Koninklijke DSM NV, BASF SE, Dupont de Numerous Inc., Alltech Inc. and Adisseo dominating the market. Market players exploit the market potential through various activities, including the acquisition of other companies, investment in their R&D facilities, etc. Market Constraints4.4 Porter’s Five Forces Analysis5 MARKET SEGMENTATION5.1 Animal Type5.2 Type5.3 Geography6 COMPETITIVE LANDSCAPE6.1 Most Adopted Strategies6.2 Market Share Analysis6.3 Company Profiles7 OPPORTUNITIES FOR MARKET AND FUTURE TRENDS8 MARKET IMPACT OF COVID-19 Companies Mentioned DuPont de Nemours Inc. BASF SEKoninklijke DSM NVAdisseoAlltech Inc.Novus International Inc. Kemin Industries Inc.Biovet Joint Stock CompanyBio-Cat For more information on this report, visit https : //www.researchandmarkets.com/r/ubks1r About ResearchAndMarkets.comResearchAndMarkets .com is the world’s leading source for market research reports and international market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For EST office hours, call 1-917-300-0470 For US / CAN, call toll free 1-800- 526-8630 353-1-416-8900
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