Global Animal Feed Enzymes Market Growth 2023-2029

Global Animal Feed Enzymes Market Growth 2023-2029

Animal feed enzymes are gaining importance as they play an important role in improving feed digestibility, cost reduction, nutrient absorption, and better performance. Enzymes are achieving popularity as they are replacing antibiotics for the improved health and performance of livestock.

LPI (LP Information)' newest research report, the “Animal Feed Enzymes Industry Forecast” looks at past sales and reviews total world Animal Feed Enzymes sales in 2022, providing a comprehensive analysis by region and market sector of projected Animal Feed Enzymes sales for 2023 through 2029. With Animal Feed Enzymes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Animal Feed Enzymes industry.

This Insight Report provides a comprehensive analysis of the global Animal Feed Enzymes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Animal Feed Enzymes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Animal Feed Enzymes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Animal Feed Enzymes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Animal Feed Enzymes.

The global Animal Feed Enzymes market size is projected to grow from US$ 1450.7 million in 2022 to US$ 2382.5 million in 2029; it is expected to grow at a CAGR of 2382.5 from 2023 to 2029.

Novozymes, IFF and Aum Enzymes are the leaders of the animal feed enzymes industry. The top 5 take about 54% market share. Asia Pacific is the major region of the global market, which takes about 35% market share.In terms of product, phytases is the largest segment, with a share over 54%. And in terms of application, the largest application is poultry feed, followed by ruminant feed.

This report presents a comprehensive overview, market shares, and growth opportunities of Animal Feed Enzymes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Phytases
Carbohydrases
Proteases
Others

Segmentation by application
Poultry Feed
Swine Feed
Ruminant Feed
Aquaculture Feed
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Novozymes (DSM)
IFF
AB Enzymes
Vland Group
Aum Enzymes
Basf
Chr. Hansen
JEFO
Elanco
Kemin
Yiduoli
Adisseo
Longda Bio-products
Sunhy Group
Beijing Smistyle
Beijing Challenge Group
Sunson
Youtell Biochemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Animal Feed Enzymes market?

What factors are driving Animal Feed Enzymes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Animal Feed Enzymes market opportunities vary by end market size?

How does Animal Feed Enzymes break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.