Northbrook, IL 60062 -- (SBWIRE) -- 12/15/2023 -- The feed enzymes market is poised to reach USD 1.9 billion by 2025, exhibiting a CAGR of 8.1% from 2020, up from the estimated USD 1.3 billion in 2020. The industry's expansion is driven by factors such as enhanced cost-efficiency in feed utilization, a rising demand for animal-based products globally, and an increasing preference for naturally produced feed additives. The report provides detailed insights into key market segments, major players, and regional trends.

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Key Highlights:

Market Segmentation:

Type: Phytase, Carbohydrase, and Protease.
Livestock: Poultry, Swine, Ruminants, and Aquatic Animals.
Source: Microorganism, Plant, and Animal.
Form: Dry and Liquid.

Major Players:

- The market is dominated by Tier I and II suppliers, including BASF SE, DowDu Pont, Koninklijke DSM N.V, Bluestar Adisseo, and Kemin Industries.
- Despite the impact of COVID-19, global operations and supply chains have seen minimal disruption, with multiple manufacturing facilities still in operation.

Type Dominance:

- The phytase segment is projected to lead the feed enzymes market, accounting for the highest share globally.
- Phytases play a crucial role in releasing plant phosphorus, benefiting poultry and swine producers by reducing feed costs and enhancing sustainability.

Livestock Growth:

- The poultry segment is expected to witness the highest growth due to intensive feed enzyme usage in broiler feed for increased tender meat production.
- Poultry's inability to produce enzymes for non-starch polysaccharide hydrolysis necessitates feed enzymes for improved nutrient digestibility.

Regional Insights:

- Asia Pacific is the largest and fastest-growing market, driven by a significant livestock population, particularly in China and India.
- Increasing demand for meat, poultry, and dairy products, coupled with a focus on animal health and natural solutions, fuels market growth in the region.

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Key Drivers:

- Cost-efficient feed utilization, rising global demand for animal-based products, and a preference for naturally produced feed additives are major growth drivers.
- The poultry segment benefits from increased demand for white meat and a doubling of poultry population over the last two decades.

Major Vendors:

Key players in the global feed enzyme market include BASF SE (Germany), DowDu Pont (US), Koninklijke DSM N.V (Netherlands), Bluestar Adisseo (China), and Kemin Industries (US).

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