The Asia Pacific livestock enzymes market is expected to reach USD 436.85 million in 2024 and reach USD 570.95 million by 2029. It is estimated to grow at a CAGR of 5.5% from 2024 to 2029.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the livestock industry.
Phytases, carbohydrase’s, and proteases are the major enzymes that are used in several animal nutrition sectors which include poultry, pigs, and ruminant. These are the products which enhance the nutritional value of food and convert it into easily digestible for the livestock categories.
The rise in production, as well as consumption of animal-based products, the expensive nature of feed in livestock farming, the ban on the use of antibiotics as growth enhancers, and the positive influence on the environment are the factors that drive the growth of the feed enzymes market. The shifting of preferences away from the costly fish meal with feed enzymes and growth in awareness regarding feed quality are the factors that are leading to lucrative opportunities in this market.
This research report on the Asia Pacific livestock enzymes market research report is segmented and sub-segmented into the following categories.
Asia Pacific Livestock Enzymes Market – By Type:
Asia Pacific Livestock Enzymes Market – By Livestock:
Asia Pacific Livestock Enzymes Market – By Source:
Asia Pacific Livestock Enzymes Market – By Form:
Asia Pacific Livestock Enzymes Market – By Country:
The Asia Pacific Livestock Enzymes Market is expected to show significant growth in coming years due to the presence of developing countries like China and India.
KEY MARKET PLAYERS:
Some of the major companies in this market are BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (Netherlands), and Adisseo France SAS (France). Other significant players include Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), BIO-CAT (U.S.), and Alltech Inc. (U.S.).
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