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Latin America Feed Enzymes Market Research Report - Segmented By Type Of Ingredient, Type Of Animals, And Region (Brazil, Argentina, Mexico, Chile and Rest of Latin America) - Industry Analysis, on Size, Share, Trends, COVID-19 And Growth Forecast 2023 to 2028.

Published: March, 2023
ID: 348
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Feed Enzymes Market (2023 to 2028)

The Latin American feed enzymes market is expected to be valued at USD 13.4 Billion in 2023 and is projected to reach USD 16.46 Billion by 2028, growing at a CAGR of 7.10% during the forecast period from 2023 to 2028. 

Feed enzymes assist in raising the rate of biochemical reactions that support the animal’s life. They are formed and secreted in the animal body to digest carbohydrates, lipids, proteins, and mineral complexes. They improve the gut and performance of animals and reduce feed and waste management costs. Thus, feed enzymes help in making animal husbandry sustainable.

The feed enzymes market in Latin America is a newly emerging one. With an increasing awareness about the feed grade and quality, and because of the soaring costs of natural feed materials, customers are preferring feed enzymes over them. Thus, in the recent past, an increase in demand has been witnessed. Also, with high domestic meat consumption, the market is said to grow in Latin America. But the growth in the
the market can be affected by government intervention regarding the sales and pricing of the products, which might make it unfeasible for the customers.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

7.10%

Segments Covered

By Ingredients, Animal Type, and Country

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

   Brazil, Mexico, Argentina, Chile and Rest      of Latin America

Market Leaders Profiled

DuPont DSM, BASF Corporation Alltech Novozymes Adisseo France AB Enzymes GmbH Advanced Enzymes Technologies Limited Amano Enzyme Inc Bio-Vet JSC Biocatalysts Ltd Chr. Hansen Inc Enmex Sa De Cv Lesaffre Group PURATOS GROUP Rossari Biotech Limited Shenzhen Leveling Bio-Engineering Co. Ltd Sunson Industry Group Company Limited

 

This market research report on the Latin America feed enzymes market is segmented and sub-segmented into the following categories.

Latin America Feed Enzymes Market - By Ingredients:

  • Carbohydrase
  • Phytase
  • Others

Latin America Feed Enzymes Market - By Animal Type:

  • Ruminant
  • Swine
  • Poultry
  • Aquaculture
  • Others

Poultry and swine segments comprise the majority of the feed enzyme market share, followed by ruminants. Carbohydrates are the most widely used enzymes.

Latin America Feed Enzymes Market – By Country:

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Rest of Latin America

Brazil is the largest market within the region. Other major markets in the region are Chile, Uruguay, Paraguay, and Peru. The market in the region is slowly improving at a CAGR of 7.1%, with Latin America holding a current market share of 12%.

KEY MARKET PLAYERS:

DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players are involved in the Latin America feed enzymes market.

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FAQ's

what is the current size of the Latin America feed enzymes market?

The current size of the Latin America feed enzymes market at USD 13.4 Billion in 2023.

what is the expected growth value of the Latin America feed enzymes market?

Latin America feed enzymes market is expected to grow at USD 16.46 Billion by 2028, growing at a CAGR of 7.10% during the forecast period from 2023 to 2028.  

which segment highly dominating the Latin America feed enzymes market?

Poultry and swine segments comprise the b majority of the feed enzyme market share followed by ruminants. Carbohydrates are the most widely used enzymes.

which region accounted for the largest share in the Latin America feed enzymes market?

Brazil is the largest market within the region. Improving at a CAGR of 7.1% with Latin America holding a current market share of 12%.

what are the key market players involved in the Latin America feed enzymes market?

DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players are involved in the Latin America feed enzymes market.

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