Data Bridge Market Research analyses that the plant-based feed enzymes market was valued at USD 1.8 billion in 2021 and is expected to reach the value of USD 2.13 billion by 2029, at a CAGR of 8.40% during the forecast period of 2022 to 2029. The market is expanding due to growing concerns about animal health.
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Plant Based Feed Enzymes Market Dynamics
Drivers
Rising demand for naturally produced feed additives
Feed enzymes are driving market growth by increasing demand for animal-based products such as dairy products, meat products, and eggs and increasing demand for naturally produced feed and feed additives and the easy availability of feed ingredients at lower prices.
Rising awareness for food safety
Growing awareness of food safety and animal health will also act as a growth driver for the market, as will rising demand for animal protein, an increase in the animal population, and the remarkable benefits of enzymes.
Opportunity
Some fungi can grow in POME (palm oil mill effluent) and manufacture phytase enzymes. The use of feed items containing phytase enzymes for monogastric and digastric livestock could improve nutrient absorption efficiency and livestock resistance to disease assaults. POME (palm oil mill effluent) is a waste that hasn't been widely used in the manufacturing of enzymes. Some fungi that grow on POME show signs of being able to produce phytase.
Restraints
To generate high-quality feed enzymes at globally competitive prices, the feed industry requires significant R&D investments and enzyme development and manufacturing skills. They need more vital infrastructure, including equipped labs for molecular approaches like metagenomics and genomics, used to find new enzymes.
Plant Based Feed Enzymes Market Scope
The plant based feed enzymes market is segmented on the basis of type, livestock and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Phytase
Protease
Carbohydrase
Livestock
Ruminants
Swine
Poultry
Aquatic animals
Pets
Horses
Others
Form
Liquid
Dry
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Plant Based Feed Enzymes Market Regional Analysis/Insights
The plant based feed enzymes market is analyzed and market size insights and trends are provided by country, type, livestock and form as referenced above.
The countries covered in the plant based feed enzymes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Plant Based Feed Enzymes Market Share Analysis
The plant based feed enzymes market competitive landscape provides details by competitor.
Some of the major players operating in the plant based feed enzymes markets are:
Cargill Incorporated (U.S)
DuPont (U.S)
Bluestar Adisseo Co. Ltd (China)
BASF SE (Germany)
Kemin Industries, Inc. (U.S)
DSM (Netherlands)
Associated British Foods plc (U.K)
Novozymes (U.S)
Biocatalysts Ltd. (U.K)
Amano Enzyme Inc. (Japan)
Kerry Group (Ireland)
Jiangsu Boli Bioproducts Co.Ltd. (China)
AUM Enzymes (India)
Antozyme Biotech Pvt Ltd (India)
Xike Biotechnology Co. Ltd. (China)
SUNSON Industry Group Co.Ltd (China)
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MAJOR TOC OF THE REPORT: -
• Chapter One: Introduction
• Chapter Two: Market Analysis and Insights
• Chapter Three: Market Dynamics
• Chapter Four: Market Scope
• Chapter Five: Market Regional Insights
• Chapter Six: Competitive Landscape System Market
Get TOC Detail: - https://www.databridgemarketresearch.com/toc/?dbmr=global-plant-based-fe...
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