According to the latest report by GMI Research, Feed Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The global Feed Enzymes Market examines the impact of the COVID-19 pandemic and represents that the market is expected to witness a fallout in 2020 and will bounce back in 2021, growing at a higher rate from 2022 onwards. Feed enzyme refers to the biological catalyst made up of proteins, amino acids, vitamins, and minerals extracted from plants, animals, and microorganisms. These enzymes enhance the nutritional value of feed ingredients, decrease feed costs, eliminates environmental pollution while maintaining the animal’s performance. They are widely used to swine, feed poultry, aquatic animals, and ruminants.
Competitive Landscape: The global Feed Enzymes Market report also scans the competitive landscape and profiles the major players operating in the market, including BASF SE, Advanced Enzyme Technologies, Bluestar Adisseo Co., Kemin Industries, Inc., DowDuPont, Associated British Foods plc, Cargill, Incorporated, Koninklijke DSM N.V., Novus International, Inc., and Novozymes A/S.
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The significant factors contributing to the growth of the global feed enzymes market include the strong demand for animal-based products such as eggs, meat products, and dairy products and the accelerating demand for naturally produced feed & feed additives. The growing awareness regarding animal health and food safety is likely to enhance the growing demand for the Global Feed Enzymes market. In parallel, the accelerating demand for the animal protein, the remarkable benefits offered by enzymes, and the drastic growth in animal population will further surge the growth of the Global Feed Enzyme market. Simultaneously, the continuous technological innovation in the phytase production process to improve the digestion of the livestock will create innumerable growth opportunities for the manufacturers.
For further information on these analyses, please visit: https://www.gmiresearch.com/report/feed-enzymes-market/
Breakup by Function:
Breakup by Type:
Breakup by Source:
Breakup by Form:
Breakup by Livestock
Breakup by Region:
United States of America
Rest of APAC
Rest of Europe
Rest of the world (remaining countries of the LAMEA region)
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