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Animal Feed Enzymes Market Trends

Report ID: GMI1824
Published Date: Aug 2024
Report Format: PDF

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Animal Feed Enzymes Market Trends

Presently, the animal feed enzyme industry is witnessing a surge in enzyme utilization to boost feed efficiency and mitigate environmental repercussions, spurred by the rising call for sustainable livestock practices. Noteworthy is the pivot towards multi-enzyme blends, tailored to address precise nutrient gaps in animal diets.

Looking ahead, the industry is set to embrace precision nutrition technologies, crafting bespoke enzyme solutions to optimize feed conversion. Furthermore, as enzyme engineering and genetic modifications advance, the market anticipates the emergence of more potent enzymes. Moreover, with escalating awareness and economic prowess, emerging economies are poised to ramp up their adoption of these enzymes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of animal feed enzymes reached USD 1.86 billion in 2023 and will grow at 7.5% CAGR from 2024 to 2032, due to a heightened emphasis on enhancing livestock health and productivity.

The dry formulation segment may reach USD 2.69 billion by 2032, owing to its easy and convenient utilization

The poultry livestock segment in the animal feed enzymes industry will garner a 7.5% CAGR up to 2032, attributed to the high demand for poultry meat and eggs globally.

BASF, Chr. Hansen A/S, Royal DSM N.V., Foodchem International Corporation, AB Enzymes, Novozymes, and Novus International.