Animal Feed Enzyme Market Scope
Animal feed enzymes are catalysts or chemicals which are discharged by cells to quicken the rate of specific chemical reactions. Animal feed enzymes are added to animal feeds and released within the digestive tract for the purpose of food digestibility. They are utilized as tools by animals producers for improving the nutritive value of feed components, prevent environmental degradation along with lessening feed costs.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Ab Vista (United Kingdom), Adisseo (China), Advanced Enzyme (India), Basf Se (Germany), Behen Meyer Holding AG (Germany), Beldem SA (United States), Bioproton Pty Ltd (Australia), Bioresource International Inc., (United States), Danisco A/S (Denmark) and Elanco (United States) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, and launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Animal Feed Enzyme market throughout the predicted period.
Ab Vista (United Kingdom), Adisseo (China), Advanced Enzyme (India), Basf Se (Germany), Behen Meyer Holding AG (Germany), Beldem SA (United States), Bioproton Pty Ltd (Australia), Bioresource International Inc., (United States), Danisco A/S (Denmark) and Elanco (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Animal Feed Enzyme market by Type and Region with country level break-up.
On the basis of geography, the market of Animal Feed Enzyme has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On July 2019, Genedata, a leading supplier of advanced software solution for life science R & D collaborated with AB Enzymes, a part of Associated British Foods and one of the leading enzyme producers to digitalize strain development.
In February 2023, AB Vista xtended its product offering with the acquisition of Progresฎ, an innovative natural additive from Finnish biosciences company Hankkija. This helped company to expand its presence in animal feed enzyme market
Influencing Trend:
High Demand for Phytase Enzymes
Market Growth Drivers:
Increasing Demand of Poultry Foods and Increasing Demand of Dairy Products
Challenges:
Raw Material Cost Fluctuation
Restraints:
Side-Effects of Feed Enzymes
Opportunities:
Untapped Emerging Nation
Key Target Audience
Manufacturer, Supplier and Distributor, Regulatory bodies, including government agencies and NGO, Raw Material Supplier, Commercial research and development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies and End-use industries